Dining on Dividends

Over the last few weeks, we've seen some of what I call Cash Strapped Consumer-related stocks taking it on the chin, falling more than 6% -- that's twice the drop of the S&P 500 over the same period. I'm talking about companies such as dividend dynamos like McCormick & Co. (MKC), General Mills (GIS), Kellogg (K), PepsiCo (PEP) and J.M. Smucker (SJM) to name a few, and I'm willing to bet there are more.

Some of the pullback can be attributed to profit taking given that all of these stocks are up double digits over the last year -- from a "low" of 13% for MKC shares to a high of 27% for Smucker. Recent data from Bank of America/Merrill Lynch showed that equity funds saw their first outflows in a number of weeks, totaling $12.3 billion. Of that amount, $10 billion was from the SPDR S&P 500 ETF (SPY) alone. Bond funds also saw redemptions as investors moved back into cash. During the last few weeks, money market funds swelled by $22 billion in size....461 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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