Atmos Energy Corp
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Utilities : Gas Utilities | Mid Cap Value
Company profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. Its nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers in the Midwest and Southeast. It also manages its natural gas pipeline and storage assets, including its intrastate natural gas pipeline systems in Texas.

Premarket

Last Trade
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Volume:
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10-day average volume:
953,386
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UPDATE: These 'Dividend Aristocrat' stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic

10:27 am ET August 29, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Dozens of other S&P 500 companies, in contrast, have reduced their payouts

In a year of so much uncertainty, having a bit of surety about your investments is a luxury.

The S&P 500 Dividend Aristocrats -- stocks of 65 companies that have increased their dividends for at least 25 years -- have been solid, in that none of them have cut their payouts.

You might be thinking: Isn't that what they are supposed to do? Yes. But if you look at the components of the benchmark S&P 500 Index , 63 companies have cut or suspended their dividends this year. That's 14% of the non-Aristocrats. They are listed below, and the year-to-date returns are ugly. Of 63 dividend cutters, 56 have suffered double-digit declines (with dividends reinvested), and 49 are down at least 20%.

Among the 65 components of the S&P 500 Dividend Aristocrats Index , gainers and decliners are pretty much evenly split for 2020, with 33 showing positive returns through Aug. 21.

The entire S&P 500 Dividend Aristocrats Index is down 2.4% this year, which may seem a poor showing against the 6.5% return for the broader S&P 500 Index. However, large technology companies that dominate the benchmark index have had an outsized effect on its market-capitalization-weighted performance.

In the U.S. financial media, "big tech" pretty much means the FAANG stocks and Microsoft Corp. (MSFT). This group is on fire this year and carries a tremendous weighting in the S&P 500, but only two of them are in the information technology sector, as defined by S&P Dow Jones Indices:

Company Ticker Total return - 2020 Market capitalization ($ billion)

Facebook Inc. Class A US:FB 30% $642

Apple Inc. US:AAPL 71% $2,127

Amazon.com Inc. US:AMZN 78% $1,645

Netflix Inc. US:NFLX 52% $217

Alphabet Inc. Class C US:GOOG 18% $527

Alphabet Inc. Class A US:GOOGL 18% $473

Microsoft Corp. US:MSFT 36% $1,612

Source: FactSet

Together, the FAANG + Microsoft group's combined $7.24 trillion in market capitalization makes up 25.8% of the cap-weighted S&P 500. So, no, your index fund is not as diversified as you may think.

So it's no surprise that the tech-heavy S&P 500 has been outperforming the S&P 500 Dividend Aristocrats for many years. But if you look back 15 years, the story changes:

One way to invest in the entire Aristocrats group is the ProShares S&P 500 Dividend Aristocrats (NOBL).

The Dividend Aristocrats list

An S&P 500 stock is considered a Dividend Aristocrat if it has raised its dividend payout on common shares for at least 25 consecutive years. It makes no difference how high a stock's current dividend yield might be. S&P Dow Jones Indices will include a newly formed company as a Dividend Aristocrat if it was formed through a merger that included a company that was already an Aristocrat and it continues raising its dividend.

Here are all 65 S&P 500 Dividend Aristocrats, sorted by current yield, with total returns for 2020 through Aug. 21 (scroll the table to the right to see the yields and returns):

Company Ticker Industry Dividend yield Total return - 2020

Exxon Mobil Corp. US:XOM Integrated Oil 8.49% -38%

AT&T Inc. US:T Telecommunications 7.01% -20%

People's United Financial Inc. US:PBCT Banks 6.89% -36%

Chevron Corp. US:CVX Integrated Oil 6.06% -27%

Federal Realty Investment Trust US:FRT Real Estate Investment Trusts 5.28% -36%

Franklin Resources Inc. US:BEN Investment Managers 5.15% -17%

AbbVie Inc. US:ABBV Pharmaceuticals: Major 4.98% 11%

Walgreens Boots Alliance Inc. US:WBA Drugstore Chains 4.74% -31%

Realty Income Corp. US:O Real Estate Investment Trusts 4.58% -15%

Consolidated Edison Inc. US:ED Electric Utilities 4.24% -18%

Amcor PLC US:AMCR Containers/Packaging 4.14% 5%

Leggett & Platt Inc. US:LEG Home Furnishings 4.02% -20%

Essex Property Trust Inc. US:ESS Real Estate Investment Trusts 3.90% -28%

Cardinal Health Inc. US:CAH Medical Distributors 3.90% 0%

3M Co. US:MMM Industrial Conglomerates 3.64% -6%

Nucor Corp. US:NUE Steel 3.60% -19%

Coca-Cola Co. US:KO Beverages: Non-Alcoholic 3.47% -13%

Genuine Parts Co. US:GPC Wholesale Distributors 3.39% -11%

Archer-Daniels-Midland Co. US:ADM Agricultural Commodities/Milling 3.30% -3%

Raytheon Technologies Corp. US:RTX Aerospace & Defense 3.15% -30%

Sysco Corp. US:SYY Food Distributors 3.13% -31%

V.F. Corp. US:VFC Apparel/Footwear 3.11% -37%

Cincinnati Financial Corp. US:CINF Property/Casualty Insurance 3.10% -25%

Aflac Inc. US:AFL Life/Health Insurance 3.08% -30%

PepsiCo Inc. US:PEP Beverages: Non-Alcoholic 3.00% 1%

Caterpillar Inc. US:CAT Trucks/Construction/Farm Machinery 2.98% -4%

Emerson Electric Co. US:EMR Electrical Products 2.95% -9%

General Dynamics Corp. US:GD Aerospace & Defense 2.94% -13%

Kimberly-Clark Corp. US:KMB Household/Personal Care 2.72% 16%

T. Rowe Price Group US:TROW Investment Managers 2.67% 12%

Johnson & Johnson US:JNJ Pharmaceuticals: Major 2.64% 6%

Automatic Data Processing Inc. US:ADP Data Processing Services 2.64% -18%

Chubb Limited US:CB Property/Casualty Insurance 2.56% -21%

McDonald's Corp. US:MCD Restaurants 2.36% 8%

Medtronic PLC US:MDT Medical Specialties 2.35% -12%

Illinois Tool Works Inc. US:ITW Industrial Machinery 2.34% 10%

Procter & Gamble Co. US:PG Household/Personal Care 2.30% 12%

Atmos Energy Corp. US:ATO Gas Distributors 2.28% -8%

Colgate-Palmolive Co. US:CL Household/Personal Care 2.24% 16%

Clorox Co. US:CLX Household/Personal Care 1.96% 50%

A. O. Smith Corp. US:AOS Building Products 1.96% 4%

Air Products and Chemicals Inc. US:APD Chemicals: Specialty 1.87% 23%

PPG Industries Inc. US:PPG Industrial Specialties 1.83% -10%

Dover Corp. US:DOV Oilfield Services/Equipment 1.80% -4%

Target Corp. US:TGT Specialty Stores 1.77% 22%

Hormel Foods Corp. US:HRL Food: Meat/Fish/Dairy 1.77% 19%

Stanley Black & Decker Inc. US:SWK Tools & Hardware 1.76% -3%

W.W. Grainger Inc. US:GWW Wholesale Distributors 1.74% 6%

Albemarle Corp. US:ALB Chemicals: Specialty 1.72% 24%

Pentair PLC US:PNR Miscellaneous Manufacturing 1.65% 2%

Walmart Inc. US:WMT Food Retail 1.64% 12%

(MORE TO FOLLOW) Dow Jones Newswires

August 29, 2020 10:27 ET (14:27 GMT)

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