The Dogs of S&P 500 as of 1/9/2005

Investing in dogs of Dow stocks (stocks of Dow Jones Industrial Average with high dividend yield and low P/E ratio) is a well known successful investing idea. This investing technique has produced market-beating returns in the history. I don't know what happens if we migrate this same investing principle to S&P 500 index.

Below are the stocks of S&P 500 index fund with dividend yield of 3% or more, and P/E ratio of 15 or less. These stocks are the dogs of S&P 500. It will be interesting to see the return of these stocks after one year.

Symbol	Company Name	Current Dividend Yield	P/E Ratio: Current	Previous Day's Closing Price
GM	General Motors Corporation	5.1%	5.2	$39.45
MRK	Merck & Co., Inc.	4.9%	11.4	$31.53
DTE	DTE Energy Company	4.8%	13.4	$42.68
MO	Altria Group, Inc.	4.8%	13.2	$60.51
XEL	Xcel Energy Inc.	4.8%	9.5	$17.52
KSE	KeySpan Corporation	4.7%	14.5	$38.91
MMC	Marsh & McLennan Co's	4.4%	13.7	$31.68
WM	Washington Mutual Inc.	4.4%	12	$41.13
NI	NiSource Inc.	4.2%	13.9	$21.97
BAC	Bank of America Corporation	4%	12.2	$45.22
USB	U.S. Bancorp	3.9%	14.6	$30.99
BLS	BellSouth Corporation	3.9%	12.2	$27.46
NCC	National City Corporation	3.9%	9.4	$36.59
KEY	KeyCorp	3.8%	13.9	$32.78
RF	Regions Financial Corp.	3.8%	13.4	$35.07
FHN	First Horizon National Corporation	3.8%	11.7	$42.72
PNC	PNC Financial Services	3.6%	13.8	$56.05
CMA	Comerica Incorporated	3.5%	14.7	$59.48
WB	Wachovia Corporation	3.5%	14.1	$52.17
MAY	The May Department Stores Company	3.4%	14	$29.11
HBAN	Huntington Bancshares Incorporated	3.3%	14	$24.38
SLE	Sara Lee Corp.	3.3%	13.7	$23.75
EIX	Edison International	3.2%	13.8	$31.18
PPL	PPL Corporation	3.2%	12.3	$51.36
LNC	Lincoln National Corporation	3.2%	8.4	$46.72
CVX	ChevronTexaco Corporation	3.1%	9.4	$51.73
FITB	Fifth Third Bancorp	3%	14.4	$46.26
JP	Jefferson-Pilot Corporation	3%	13.2	$50.42
MRO	Marathon Oil Corporation	3%	9.1	$36.28
FNM	Fannie Mae	3%	9.1	$70.35

These stocks are sorted by their dividend yield in descending order. The data is as of January 9th, 2005.