In this week’s episode of his YouTube series State of the Market, Chief Income Strategist Marc Lichtenfeld audits the performance of dividend payers over the first half of 2021.
While dividends paid by S&P 500 companies rose steadily heading into 2020, the pandemic led to a discernible drop in company payouts.
According to Nasdaq, more than 40 companies suspended or cut their dividends in April 2020 alone.
Yet their performance since the beginning of this year has been strong. Companies that started the year with generous yields have seen their share prices rise – sometimes by as much as 191%.
And in this week’s episode, Marc also lifts the hood on the three top-performing dividend payers from the first half of 2021.
These companies – all three in the oil and gas industry – have yields as high as 16%.
One cut its dividend in the beginning of 2020 and then posted a spectacular recovery. Another has steadily raised its monthly payouts. But all three have seen impressive share price action…
To learn which three dividend-paying companies have broadly outperformed the market so far in 2021, click here to watch this week’s video.