Cotten and Wilson Unleash the Dogs with Investment Strategy Research

The “Dogs of the Dow” is a value investing strategy that selects 10 stocks from the Dow Jones Industrial Average on the basis of dividend yield. According to ongoing research by Turner College finance professor Brett Cotten, Turner College student Autumn Wilson and Alan Tidwell of the University of Alabama, this strategy became popular during the 1980s and continues to enjoy a similar popularity today. The new study by Cotten and his coauthors examines a recent variation of the Dogs of the Dow strategy that is referred to as the “S&P Sector Dividend Dogs.” This new strategy variant applies the Dogs of the Dow to the S&P 500 by selecting the five highest dividend yielding companies from each of the 11 sectors in the index. Preliminary findings from raw returns suggest that Sector Dividend Dogs outperformed the S&P 500 in 12 of the 18 years analyzed. On an annual basis, Sector Dividend Dogs earned an average raw return that was about 7.7 percentage points higher than the return for the S&P 500. Perhaps more importantly, raw returns data indicate that Sector Dividend Dogs outperformed Dogs of the Dow in 10 of the 18 years. On an annual basis, Sector Dividend Dogs earned an average raw return that was about 3.4 percentage points higher than the return for Dogs of the Dow. When the data are adjusted for systematic risk, Sector Dividend Dogs outperformed the S&P 500 in 13 of the 18 years analyzed, while it outperformed Dogs of the Dow in 15 of the 18 years analyzed.

Comments

New Butler Center Report Identifies Employment Gaps in the Columbus Area

Officials in the Turner College's Butler Center for Research and Economic Development recently put the finishing touches on an extensive report on trends in educational programs and occupations in the Columbus area. The report also includes data on business and technology trends. According to Fady Mansour , Director of the Butler Center, there are several key takeaways from the report regarding 10 occupational gaps that currently exist in the Columbus area. First, software development occupation exhibits the biggest labor shortage, with the report adding that the TSYS School has a bachelor's degree program in information technology along with a new AI track for the bachelor's degree in computer science, both of which can qualify students for this occupation. Other educational programs are in demand, such as computer programming and cloud computing. Second, there is a gap of 30 employees per year in general and operations management. This gap could be addressed by the Turn...

ABDC Releases 2025 Journal Review, Now Ranks Journal Edited by Phil Bryant

The long-awaited journal review being conducted by the Australian Business Deans Council (ABDC) has been released and there are a number of news items that relate to faculty in the Turner College. One of these is the ABDC's decision to now include Compensation and Benefits Review in its journal rankings. This is big news for the Turner College as its editor, Phil Bryant , is a professor of management in the Turner College. The ABDC is proposing that the journal enter its system for the first time as a C-rated journal. Acting Turner College Dean Tesa Leonce sits on the journal's editorial board, while Turner College management professor Mark James has guest-edited an issue of the journal. Published by SAGE, Compensation & Benefits Review is the leading journal for senior executives and professionals who design, implement, evaluate and communicate compensation and benefits policies and programs. The journal supports compensation and benefits specialists and academic ex...

TSYS School, Jianhua Yang, Lixin Wang Each among Top Five in the World

New research by computer scientists in the School of Information Technology at Universiti Utara Malaysia that ranks institutions and individuals on the basis of scholarship in the area of stepping-stone attacks heaps praise on the Turner College’s TSYS School of Computer Science and two of its faculty – Jianhua Yang and Lixin Wang . The article, published in the April 2023 issue of the International Journal of Research in Engineering and Science , provides a bibliometric analysis of both publication and citation data from 2000 to September of 2022 related to research on stepping-stone intrusion. Among several results, it reports that Columbus State University ranks second worldwide, trailing only the University of Houston, using total publications on the subject as the basis of comparison. A number of other U.S. institutions appear in the top 10, including third-ranked North Carolina State University, fourth-ranked University of Illinois, sixth-ranked Iowa State U...

Turner Business

Search This Blog