Dividend-Growth as a Defensive Equity Strategy

12 Pages Posted: 8 May 2013

Date Written: March 1, 2013

Abstract

Volatility in asset returns acts as a drag on annualized average performance and ending wealth values. Investment strategies that seek to simultaneously reduce volatility and earn excess returns offer the opportunity to improve the return-risk ratio and the decision framework of institutional investors. Reduced-volatility equity strategies utilizing dividend-growth in the stock selection process are shown to have historically provided a boost to risk-adjusted performance.

Keywords: dividend-growth strategy, defensive equity strategy, volatility

JEL Classification: G00, G10, G11

Suggested Citation

Gerber, Geoffrey, Dividend-Growth as a Defensive Equity Strategy (March 1, 2013). Journal of Investment Consulting, Vol. 14, No. 1, pp. 38-47, 2013. Available at SSRN: https://ssrn.com/abstract=2235346

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