Back in January, I predicted that three companies would soon become Dividend Achievers – an elite group of companies with 10 or more years of increasing annual dividend payments.
Sure enough, CVS Caremark (CVS), Texas Instruments (TXN) and QUALCOMM (QCOM) were added to the Nasdaq U.S. Broad Dividend Achievers Index last week.
These companies, along with Intel (INTC) and Dominion Resources (D), are the five largest companies being added.
You can view the full list of index changes here.
Now, to be fair, determining which specific companies will join the index ahead of time is the easy part.
The true challenge is evaluating how the new additions will affect the index as a whole. (more)
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