On December 15, I noted that Cramer featured five high-dividend payers as strong, safe stock plays for the current environment. The stocks were: BMY, GXP, KMP, NAT, and VZ. Below is a rundown of their respective performances since then:
CLOSING PRICE 12/15 1/12 Div. Yield
BMY 22.50 22.15 .31 (12/30) 5.50%
GXP 18.48 19.42 (x-d 11/25) 8.60%
KMP 47.65 48.14 (x-d 10/29) 8.50%
NAT 32.77 32.21 (x-d 11/19) 19.80% (!)
VZ 32.30 31.79 .46 (1/7) 5.70%
During the relevant time frame, the S&P 500 ETF (SPY) declined in price from 87.75 to 86.95. Obviously, this is a very short time frame within which to assess the performance of any portfolio. Nevertheless, we can say that so far, it is holding up well and performing as advertised - reasonable price performance relative to the S&P, plus good to great (to fantastic) dividend yields. Moreover, I haven't heard any bad news about any of these companies, which is a real bonus these days. We should continue to monitor these stocks.
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