Top Dividend Aristocrat Stocks: August 2010

After a big rally in July, the stock market turned bearish once again last month. The Dow Jones index shed 451 points or 4.3 percent. The S&P 500 dropped 4.7 percent in August as worries about a double-dip recession weighed on investors.

 

Dividend aristocrat stocks once again outperformed the broader market indices. The group of 42 long-term dividend payers declined only 2.8 percent on average. 12 of the dividend aristocrats posted gains even in the face of a broader market sell-off. And only three aristocrats posted double-digit losses in August (Pitney Bowes [[PBI]], Supervalu [[SVU]] and V.F. [[VFC]]).

 

The best performing dividend aristocrat stock for the month of August was Archer Daniels Midland [[ADM]]. The agriculture stock benefited from the positive focus given to the sector last month. Beginning with Russia’s ban of all grain exports and ending with BHP Billiton’s [[BHP]] unsolicited takeover bid for Potash [[POT]] investors poured money into food and agriculture stocks. ADM benefited with their stock price rising 12.6 percent in August.

 

Here is a look at the other top dividend aristocrat stocks for August:

 

McDonalds [[MCD]] – gained 4.8 percent

 

Chubb [[CB]] – gained 4.8 percent

 

Family Dollar Stores – gained 3.5 percent

 

Consolidated Edison [[ED]] – gained 3.1 percent

 

Integrys Energy Group [[TEG]] – gained 2.3 percent

 

Air Products & Chemicals [[APD]] – gained 2.0 percent

 

Sherwin-Williams [[SHW]] – gained 1.8 percent

 

CenturyLink [[CTL]] – gained 1.5 percent

 

Coca-Cola [[KO]] – gained 1.4 percent

 

Abbott Labs [[ABT]] – gained 0.5 percent

 

Kimberly-Clark [[KMB]] – gained 0.4 percent

 

With another strong showing this month, Family Dollar Stores has far-and-away been the top dividend aristocrat stock in 2010. FDO shares are up an amazing 53.8 percent since the beginning of the year. Meanwhile, the S&P 500 index has fallen 5.9 percent since the beginning of 2010.

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