Stock Dividend Fund, Inc.
Data updated: 2025-02-20
C000032422 — Stock Dividend Fund, Inc. United States Large Cap Value Equity · $29.75M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
C000032422 Fund Overview
Stock Dividend Fund, Inc. is a US mutual fund managed by Stock Dividend Fund, Inc., categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Stock Dividend Fund, Inc.
- Category: United States Large Cap Value Equity
- Assets under management: $29.75M
- 1-year return: 12.4%
- SEC CIK: 0001288872
- SEC series ID: S000011865
- Share class ID: C000032422
C000032422 Investment Objective and Strategy
Stock Dividend Fund, Inc. describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Stock Dividend Fund, Inc..
Investment objective
The investment objective of the Fund is growth and income. This is a fundamental objective and cannot be changed.
Principal investment strategy
The Fund will attempt to achieve its objective by investing primarily in dividend paying common stocks. The Investment Advisor of the Fund uses quantitative analysis (mathematical models using metrics such as free cash flow, book value, pension liabilities, cash per share, debt levels, etc.) to identify dividend paying common stocks that generally have investment grade credit ratings on outstanding debt (or equivalent quality if not rated by larger credit rating agencies such as Moody?s or Standard and Poors), a long history of dividend payments (at least ten years), minimum ratios of expected earnings to dividend strength, and expectation by the Advisor that the dividend may be increased in the future. The Fund will invest at least 80% of its net assets in larger capitalization dividend paying common stocks of U.S.
issuers and intends to be as fully invested as possible at all times. Larger capitalization stocks are those that have a value of $5 billion and higher as determined by calculating number of shares outstanding multiplied by current share price. This is not a fundamental policy and shareholders will be given at least 60 days prior notice if there is any change in the 80% investment policy. Our Investment Strategy may at times produce a portfolio that has overweighted risk to a certain Sector, versus a fully diversified fund. The Fund may at times seek to increase income and possibly avoid short term capital gains on appreciated securities by selling covered call options rather than selling the security. When the Fund sells a covered call option, the purchaser of the option has the right to buy that stock at a predetermined price (the exercise price) during the life of the option.
If the purchaser exercises the option, the Fund must sell the stock to the purchaser at the exercise price. The option is ?covered? because the Fund owns the stock at the time it sells the option. As the seller of the option, the Fund receives a premium from the purchaser of the call option, which may provide additional income to the Fund. The Fund may sell call options on securities that it feels have risen faster than fundamentals would suggest, thus collecting additional income and avoiding short term gains on the underlying security if it were sold. However, selling the option will limit the gain on the underlying security if it continues to rise. In this case, if the underlying security is not called away before the option expires, the Fund will have an opportunity to buy back the call option for a loss and continue ownership of the underlying security, which has appreciated in value.
Although selling call options on underlying securities can potentially increase income and reduce losses in a declining market, it also has the effect of limiting gains and creating additional turnover in rising markets. For this reason, selling call options against portfolio securities is a secondary strategy and the Fund does not anticipate selling call options on more than 25% of the value of the underlying securities of its portfolio at any given time. Additional information regarding call options: The premium that the Fund receives for writing a call option will reflect the current market price of the underlying security, the relationship of the exercise price to such market price, the historical price volatility of the underlying security, the option period, supply and demand and interest rates.
The exercise price of an option may be below, equal to or above the current market value of the underlying security at the time the option is written. Options written by the Fund will normally have expiration dates between one and nine months from the date written. From time to time, for tax and other reasons, the Fund may purchase an underlying security for delivery in accordance with an exercise notice assigned to it, rather than delivering such security from its portfolio.
C000032422 Holdings
Top 10 holdings of Stock Dividend Fund, Inc. by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bristol-Myers Squibb Co. | 7.10% |
| Bank Of America Corporation | 6.56% |
| Chevron Corporation | 6.29% |
| Altria Group, Inc. | 6.27% |
| At&t, Inc. | 5.94% |
| Apple Inc. | 5.82% |
| Citigroup Inc. | 5.26% |
| Abbvie, Inc. | 5.21% |
| British American Tobacco PLC | 5.04% |
| Kimberly Clark Corp. | 4.77% |
C000032422 Portfolio Allocation
Asset-class allocation of Stock Dividend Fund, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
C000032422 Performance
Total returns for C000032422 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.4% |
| 3 years (annualised) | 4.3% |
C000032422 Risk Information
Risk metrics for C000032422, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.4%
C000032422 Costs and Fees
C000032422 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
- Portfolio turnover: 25%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000032422 Cashflows
Over the 12 months to 2024-12, Stock Dividend Fund, Inc. had net outflows of $363.32K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | $974.91K |
| 2024-11 | −$129.00K |
| 2024-10 | −$19.50K |
| 2024-09 | −$45.00K |
| 2024-08 | −$38.50K |
| 2024-07 | −$324.67K |
C000032422 Debt Constituents
No individual debt constituents are reported in Stock Dividend Fund, Inc.'s latest SEC N-PORT filing.
C000032422 Prospectus and SEC Filings
Official Stock Dividend Fund, Inc. filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-20
- Prospectus (485BPOS) — filed 2024-02-21
- Prospectus (485BPOS) — filed 2023-02-21
- Portfolio holdings (N-PORT) — filed 2025-02-20
- Portfolio holdings (N-PORT) — filed 2024-10-15
- Portfolio holdings (N-PORT) — filed 2024-07-11
- Annual census (N-CEN) — filed 2025-02-20
- Annual census (N-CEN) — filed 2024-02-22
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.