The Dividend Defense

October 31, 2022

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need to know and provides tips and tricks to help you make better investment decisions.

Dividend-paying shares have been doing a good job battling inflation this year. In the S&P 500, dividend stocks are down just 11%, compared with declines of 23% for non-dividend stocks. ₁

The S&P 500 has underperformed in the 12 months ahead of the midterms and outperformed in the 12 months following them since 1962. The index averaged a return of -1.1% from November-October before those 15 elections, but then had a return of +16.3% in the following year. ₂

Meta shareholders are paying for its spending on the metaverse: The Facebook parent’s market value has collapsed by $676 billion this year, forcing it out from the ranks of the world’s 20 largest companies. ₃

The average U.S. 30-year mortgage rate hit 7.08% on Thursday, the highest level in about 20 years. The impact is large as the pool of potential buyers has shrunk by 47% since December.₄

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Barron's - "Dividend-Paying Stocks Can Help Battle Inflation"
Barron's - "Don't Expect the Stock Market to Rally, Even if GOP Wins Control of Congress"
Bloomberg - "Meta's $676 Billion Rout Boots It Out of World's Top 20 Stocks"
Barron's - "Don't Expect Home Prices to Crash. The Housing Market is More Resilient Than it Looks."

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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