Delightful Dividends

Funds that focus on companies that share profits with shareholders are smart investments

future to see when it is taking newcomers again. A strong second place finisher was WM Equity Income A (CMPBX), an offering that investors in large companies sell at a discount to the market or their industry peers. The WM fund has managed a 7.44% average annual total return over the last five years. More importantly, it has logged a 6.89% figure for the three-year period ended June 30, 2004. Its dividend yield of 1.8% was above that of the S&P 500 as well.

SunAmerica Value A (SSVAX) is another steady, long-term performer we recommend. It has posted a 5.60% average annual total return over the last five years and a 6.86% average annual total return over the last three years.

High-Yielding Mutual Fundsranked by 5-Yr. Annualized Returns

Name Ticker 12-Month Yield 1-Yr. Total Return 3-Yr. Annualized Total Return 5-Yr. Annualized Total Return Minimum Initial Purchase Phone Number
Dodge & Cox Stock DODGX 1.36% 25.07% 6.61% 9.92% $2,500 800-621-3979
WM Equity Income A CMPBX 1.79 21.98 6.89 7.44 1,000 800-222-5852
SunAmerica Value A SSVAX 2.12 14.77 6.86 5.60 $500 800-858-8850
Scudder Dreman High Return Eq AKDHAX 1.50 18.24 1.01 4.90 1,000 800-621-1048
T. Rowe Price Equity-Income PRFDX 1.49 17.76 2.60 3.96 2,500 800-638-5660
Lord Abbett Affiliated A LAFFX 1.47 19.44 0.13 3.89 250 800-201-6984
Hennessy Cornerstone Value HFCVX 1.74 20.74 1.14 3.76 2,500 800-966-4354
Evergreen Large Cap Value AEILAX 1.31 18.83 0.74 3.74 1,000 800-343-2898
American Funds American Mutual AAMRMX 2.03 15.43 3.15 3.62 250 800-421-0180
Franklin Equity Income A FISEX 2.05 18.81 1.11 3.43 1,000 800-342-5236
Source: Morningstar Inc.
Morningstar makes every effort to ensure the completeness and accuracy of this data but cannot guarantee it.
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