Skip to main content

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

Popular posts from this blog

Jung Exploring Influence of Confucianism on Luxury Brand Performance in China, Japan and South Korea

In a recent chat with Turner Business , Turner College professor of marketing Sungwoo Jung made the point that luxury brands are gaining the degree of influence in many developing countries that they enjoy now in developed countries.  He has been pondering this issue as part of his international marketing research program, which typically focuses on advertising, pioneering advantages and multi-cultural analysis.  Currently, Jung is concentrating his energies on a cross-cultural analysis of brand equity that highlights luxury brands’ performance.  His research finds that China, Japan and South Korea have each seen an increase in market share for luxury brands in recent years.  As Jung explained to Turner Business , “These three countries share a common philosophical background – Confucianism.”  With that point in mind, Jung and his coauthors are currently engaged in an investigation of how Confucianism influences consumer behavior in these three Asian countries, and how that behavior im

Grant Hits Ground Running as New Turner College Marketing Intern

The Turner College's new marketing intern Lizzy Grant , a senior marketing major from Newnan who previously attended Gordon State College, where she played varsity soccer, and is scheduled to graduate from the Turner College in May of 2024, has hit the ground running in her new position. She recently played a large role in the creation of a video tour of the Synovus Center, the main campus home of the Turner College. The video helps to guide new students on where to go in the building and who they can talk to if they help. The video showcases the Student Services Center, the main lobby, and more. The video is played as part of a loop on video screens placed throughout the Synovus Center. Lizzy's list of activities at CSU is impressive. She is the Treasurer of the Turner College's Marketing Club, the President of Marketing for the Turner College's chapter of the Financial Management Association, and an Ambassador for the Turner College. She is also the Treasurer of her s

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 University, eig