Cohen & Steers Dividend Majors Fund, Inc.-Quarterly Schedule of Portfolio Holdings of Registered Management Investment ... (N-Q)
May 30 2008 - 12:38PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number
|
811-21633
|
|
|
Cohen
& Steers Dividend Majors Fund, Inc.
|
(Exact name of registrant as specified in charter)
|
|
280 Park Avenue
New York, NY
|
|
10017
|
(Address of principal executive offices)
|
|
(Zip code)
|
|
Francis C. Poli
280 Park Avenue
New York, NY 10017
|
(Name and address of agent for service)
|
|
Registrant's
telephone number, including area code:
|
(212)
832-3232
|
|
|
Date of
fiscal year end:
|
December 31
|
|
|
|
|
Date of
reporting period:
|
March 31,
2008
|
|
|
|
|
|
|
|
|
Item 1. Schedule of Investments
COHEN &
STEERS DIVIDEND MAJORS FUND, INC.
SCHEDULE OF INVESTMENTS
March 31, 2008 (Unaudited)
|
|
Number
|
|
|
|
|
|
of Shares
|
|
Value
|
|
COMMON STOCK 99.4%
|
|
|
|
|
|
BASIC MATERIALSCHEMICALS 5.1%
|
|
|
|
|
|
Dow Chemical Co.
|
|
96,000
|
|
$
|
3,537,600
|
|
E.I. Du Pont De Nemours & Co.
|
|
88,000
|
|
4,114,880
|
|
Eastman Chemical Co.
|
|
35,000
|
|
2,185,750
|
|
PPG Industries
|
|
31,300
|
|
1,893,963
|
|
|
|
|
|
11,732,193
|
|
COMMERCIAL SERVICES 1.8%
|
|
|
|
|
|
OFFICE/BUSINESS EQUIPMENT 1.1%
|
|
|
|
|
|
Pitney Bowes
|
|
69,000
|
|
2,416,380
|
|
|
|
|
|
|
|
PRINTING 0.7%
|
|
|
|
|
|
RR Donnelley & Sons Co.
|
|
53,900
|
|
1,633,709
|
|
TOTAL COMMERCIAL SERVICES
|
|
|
|
4,050,089
|
|
|
|
|
|
|
|
CONSUMERCYCLICALHOUSEWARE 0.7%
|
|
|
|
|
|
Newell Rubbermaid
|
|
72,000
|
|
1,646,640
|
|
|
|
|
|
|
|
CONSUMERNON-CYCLICAL 14.6%
|
|
|
|
|
|
AGRICULTURE 2.4%
|
|
|
|
|
|
Altria Group
|
|
76,300
|
|
1,693,860
|
|
Philip Morris International
(a)
|
|
76,300
|
|
3,859,254
|
|
|
|
|
|
5,553,114
|
|
BEVERAGE 1.2%
|
|
|
|
|
|
Coca Cola Co.
|
|
43,500
|
|
2,647,845
|
|
|
|
|
|
|
|
FOOD 5.5%
|
|
|
|
|
|
General Mills
|
|
39,100
|
|
2,341,308
|
|
Heinz HJ Co.
|
|
96,400
|
|
4,527,908
|
|
Kraft Foods
|
|
182,201
|
|
5,650,053
|
|
|
|
|
|
12,519,269
|
|
HOUSEHOLD PRODUCTS 1.5%
|
|
|
|
|
|
Kimberly Clark Corp.
|
|
55,000
|
|
3,550,250
|
|
|
|
|
|
|
|
PHARMACEUTICAL 4.0%
|
|
|
|
|
|
Eli Lilly and Co.
|
|
84,200
|
|
4,343,878
|
|
|
|
|
|
|
|
|
1
|
|
Number
of Shares
|
|
Value
|
|
Merck & Co.
|
|
130,500
|
|
$
|
4,952,475
|
|
|
|
|
|
9,296,353
|
|
TOTAL CONSUMER NON-CYCLICAL
|
|
|
|
33,566,831
|
|
|
|
|
|
|
|
ENERGYOIL & GAS 2.0%
|
|
|
|
|
|
Chevron Corp.
|
|
26,800
|
|
2,287,648
|
|
ConocoPhillips
|
|
30,000
|
|
2,286,300
|
|
|
|
|
|
4,573,948
|
|
FINANCIAL 9.0%
|
|
|
|
|
|
BANK 6.9%
|
|
|
|
|
|
Bank of America Corp.
|
|
151,500
|
|
5,743,365
|
|
BB&T Corp.
|
|
80,000
|
|
2,564,800
|
|
US Bancorp
|
|
188,300
|
|
6,093,388
|
|
Wachovia Corp.
|
|
50,900
|
|
1,374,300
|
|
|
|
|
|
15,775,853
|
|
DIVERSIFIED FINANCIAL SERVICES 2.1%
|
|
|
|
|
|
Citigroup
|
|
100,500
|
|
2,152,710
|
|
JPMorgan Chase & Co.
|
|
65,000
|
|
2,791,750
|
|
|
|
|
|
4,944,460
|
|
TOTAL FINANCIAL
|
|
|
|
20,720,313
|
|
|
|
|
|
|
|
INDUSTRIAL 8.7%
|
|
|
|
|
|
BUILDING PRODUCTS 1.0%
|
|
|
|
|
|
Masco Corp.
|
|
115,300
|
|
2,286,399
|
|
|
|
|
|
|
|
CONTAINERS & PACKAGING 1.5%
|
|
|
|
|
|
Bemis Co.
|
|
68,000
|
|
1,729,240
|
|
Sonoco Products Co.
|
|
58,900
|
|
1,686,307
|
|
|
|
|
|
3,415,547
|
|
DIVERSIFIED MANUFACTURING 3.1%
|
|
|
|
|
|
General Electric Co.
|
|
100,000
|
|
3,701,000
|
|
Leggett & Platt
|
|
73,800
|
|
1,125,450
|
|
3M Co.
|
|
29,200
|
|
2,311,180
|
|
|
|
|
|
7,137,630
|
|
|
|
|
|
|
|
|
2
|
|
Number
of Shares
|
|
Value
|
|
ENVIRONMENTAL CONTROL 0.9%
|
|
|
|
|
|
Waste Management
|
|
64,300
|
|
$
|
2,157,908
|
|
METAL FABRICATE/HARDWARE 2.2%
|
|
|
|
|
|
Worthington Industries
|
|
295,300
|
|
4,981,711
|
|
TOTAL INDUSTRIAL
|
|
|
|
19,979,195
|
|
|
|
|
|
|
|
REAL ESTATE 30.9%
|
|
|
|
|
|
DIVERSIFIED 5.4%
|
|
|
|
|
|
Douglas Emmett
|
|
93,500
|
|
2,062,610
|
|
Entertainment Properties Trust
|
|
106,400
|
|
5,248,712
|
|
Vornado Realty Trust
|
|
59,200
|
|
5,103,632
|
|
|
|
|
|
12,414,954
|
|
HEALTH CARE 1.4%
|
|
|
|
|
|
Ventas
|
|
70,399
|
|
3,161,619
|
|
|
|
|
|
|
|
OFFICE 8.3%
|
|
|
|
|
|
Alexandria Real Estate Equities
|
|
29,900
|
|
2,772,328
|
|
Boston Properties
|
|
65,000
|
|
5,984,550
|
|
Brookfield Properties Corp.
|
|
144,450
|
|
2,789,330
|
|
Kilroy Realty Corp.
|
|
43,000
|
|
2,111,730
|
|
SL Green Realty Corp.
|
|
67,015
|
|
5,459,712
|
|
|
|
|
|
19,117,650
|
|
RESIDENTIALAPARTMENT 4.1%
|
|
|
|
|
|
AvalonBay Communities
|
|
66,400
|
|
6,408,928
|
|
Essex Property Trust
|
|
25,100
|
|
2,860,898
|
|
|
|
|
|
9,269,826
|
|
SELF STORAGE 2.4%
|
|
|
|
|
|
Public Storage
|
|
62,300
|
|
5,521,026
|
|
|
|
|
|
|
|
SHOPPING CENTER 9.3%
|
|
|
|
|
|
COMMUNITY CENTER 2.0%
|
|
|
|
|
|
Developers Diversified Realty Corp.
|
|
47,596
|
|
1,993,320
|
|
Kimco Realty Corp.
|
|
69,100
|
|
2,706,647
|
|
|
|
|
|
4,699,967
|
|
|
|
|
|
|
|
|
3
|
|
Number
of Shares
|
|
Value
|
|
REGIONAL MALL 7.3%
|
|
|
|
|
|
General Growth Properties
|
|
77,500
|
|
$
|
2,958,175
|
|
Macerich Co.
|
|
102,400
|
|
7,195,648
|
|
Simon Property Group
|
|
70,100
|
|
6,512,991
|
|
|
|
|
|
16,666,814
|
|
TOTAL SHOPPING CENTER
|
|
|
|
21,366,781
|
|
TOTAL REAL ESTATE
|
|
|
|
70,851,856
|
|
|
|
|
|
|
|
TECHNOLOGYSEMICONDUCTORS 0.9%
|
|
|
|
|
|
Intel Corp.
|
|
95,000
|
|
2,012,100
|
|
|
|
|
|
|
|
TELECOMMUNICATIONS 5.3%
|
|
|
|
|
|
AT&T
|
|
156,727
|
|
6,002,644
|
|
Verizon Communications
|
|
168,600
|
|
6,145,470
|
|
|
|
|
|
12,148,114
|
|
UTILITIES 20.4%
|
|
|
|
|
|
DIVERSIFIED 3.4%
|
|
|
|
|
|
National Fuel Gas Co.
|
|
52,200
|
|
2,464,362
|
|
OGE Energy Corp.
|
|
173,500
|
|
5,407,995
|
|
|
|
|
|
7,872,357
|
|
ELECTRICINTEGRATED 11.7%
|
|
|
|
|
|
Dominion Resources
|
|
101,200
|
|
4,133,008
|
|
Exelon Corp.
|
|
29,200
|
|
2,373,084
|
|
FirstEnergy Corp.
|
|
33,900
|
|
2,326,218
|
|
FPL Group
|
|
32,900
|
|
2,064,146
|
|
NSTAR
|
|
192,300
|
|
5,851,689
|
|
PPL Corp.
|
|
92,900
|
|
4,265,968
|
|
SCANA Corp.
|
|
157,000
|
|
5,743,060
|
|
|
|
|
|
26,757,173
|
|
MULTI UTILITIES 1.0%
|
|
|
|
|
|
Public Service Enterprise Group
|
|
54,800
|
|
2,202,412
|
|
|
|
|
|
|
|
NATURAL GASDISTRIBUTION 4.3%
|
|
|
|
|
|
AGL Resources
|
|
159,400
|
|
5,470,608
|
|
|
|
|
|
|
|
|
4
|
|
Number
of Shares
|
|
Value
|
|
ONEOK
|
|
98,200
|
|
$
|
4,382,666
|
|
|
|
|
|
9,853,274
|
|
TOTAL UTILITIES
|
|
|
|
46,685,216
|
|
TOTAL COMMON STOCK
(Identified cost$217,029,417)
|
|
|
|
227,966,495
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount
|
|
|
|
COMMERCIAL PAPER 0.4%
|
|
|
|
|
|
|
San Paolo US Financial, 1.30%, due 4/1/08
(Identified cost$887,000)
|
|
|
$
|
887,000
|
|
887,000
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS
(Identified cost$217,916,417)
|
99.8
|
%
|
|
|
228,853,495
|
|
|
|
|
|
|
|
|
OTHER ASSETS IN EXCESS OF LIABILITIES
|
0.2
|
%
|
|
|
476,384
|
|
|
|
|
|
|
|
|
NET ASSETS (Equivalent to $17.91 per share
based on 12,805,250 shares of common stock outstanding)
|
100.0
|
%
|
|
|
$
|
229,329,879
|
|
|
|
|
|
|
|
|
|
|
Note: Percentages indicated are based on the
net assets of the fund.
(a)
Non-income
producing security.
5
Note
1. Portfolio Valuation:
Investments in securities that are
listed on the New York Stock Exchange are valued, except as indicated below, at
the last sale price reflected at the close of the New York Stock Exchange on
the business day as of which such value is being determined. If there has been
no sale on such day, the securities are valued at the mean of the closing bid
and asked prices for the day or, if no asked price is available, at the bid
price.
Securities not listed on the New York Stock Exchange but listed on
other domestic or foreign securities exchanges or admitted to trading on the National
Association of Securities Dealers Automated Quotations, Inc. (Nasdaq)
national market system are valued in a similar manner. Securities traded on
more than one securities exchange are valued at the last sale price on the
business day as of which such value is being determined as reflected on the
tape at the close of the exchange representing the principal market for such
securities.
Readily marketable securities traded in the over-the-counter market,
including listed securities whose primary market is believed by Cohen &
Steers Capital Management, Inc. (the advisor) to be over-the-counter, but
excluding securities admitted to trading on the Nasdaq National List, are
valued at the official closing prices as reported by Nasdaq, the National
Quotation Bureau, or such other comparable sources as the Board of Directors
deem appropriate to reflect their fair market value. If there has been no sale
on such day, the securities are valued at the mean of the closing bid and asked
prices for the day, or if no asked price is available, at the bid price. Where
securities are traded on more than one exchange and also over-the-counter, the
securities will generally be valued using the quotations the Board of Directors
believes most closely reflect the value of such securities.
Securities for which market prices are unavailable, or securities for
which the advisor determines that bid and/or asked price does not reflect
market value, will be valued at fair value pursuant to procedures approved by
the funds Board of Directors. Circumstances in which market prices may be
unavailable include, but are not limited to, when trading in a security is
suspended, the exchange on which the security is traded is subject to an
unscheduled close or disruption or material events occur after the close of the
exchange on which the security is principally traded. In these circumstances,
the fund determines fair value in a manner that fairly reflects the market
value of the security on the valuation date based on consideration of any information
or factors it deems appropriate. These may include recent transactions in
comparable securities, information relating to the specific security and
developments in the markets.
The funds use of fair value pricing may cause the net asset value of fund
shares to differ from the net asset value that would be calculated using market
quotations. Fair value pricing involves subjective judgments and it is possible
that the fair value determined for a security may be materially different than
the value that could be realized upon the sale of that security.
Short-term debt securities, which have a maturity date of 60 days or
less, are valued at amortized cost, which approximates value.
The Fund adopted
Financial Accounting Standards Board Statement of Financial Accounting
Standards No. 157, Fair Value Measurements (FAS 157), effective January 1,
2008. In accordance with FAS 157, fair value is defined as the price that the
Fund would receive to sell an investment or pay to transfer a liability in a
timely transaction with
6
an independent buyer in the principal market, or in the absence of a
principal market the most advantageous market for the investment or liability.
FAS 157 establishes a single definition of fair value, creates a three-tier
hierarchy as a framework for measuring fair value based on inputs used to value
the Funds investments, and requires additional disclosure about fair
value. The hierarchy of inputs is
summarized below.
·
Level 1 quoted prices in
active markets for identical investments
·
Level 2 other significant
observable inputs (including quoted prices for similar investments, interest
rates, prepayment speeds, credit risk, etc.)
·
Level 3 significant
unobservable inputs (including the Funds own assumptions in determining the
fair value of investments)
The inputs or
methodology used for valuing securities are not necessarily an indication of
the risk associated with investing in those securities.
The following is a
summary of the inputs used as of March 31, 2008 in valuing the Funds
investments carried at value:
|
|
|
|
Fair Value Measurements at March 31, 2008 Using
|
|
|
|
|
|
Quoted Prices In
|
|
Significant
|
|
Significant
|
|
|
|
|
|
Active Market for
|
|
Other Observable
|
|
Unobservable
|
|
|
|
|
|
Identical Assets
|
|
Inputs
|
|
Inputs
|
|
|
|
Total
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
|
Investments in
Securities
|
|
$
|
228,853,495
|
|
$
|
227,966,495
|
|
$
|
887,000
|
|
$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7
Note 2.
Income Tax Information
As of March 31, 2008,
the federal tax cost and net unrealized appreciation were as follows:
Gross unrealized appreciation
|
|
$
|
27,473,341
|
|
Gross unrealized depreciation
|
|
(16,536,263
|
)
|
Net unrealized appreciation
|
|
$
|
10,937,078
|
|
|
|
|
|
Cost for federal income tax purposes
|
|
$
|
217,916,417
|
|
8
Item 2.
Controls and Procedures
(a)
The
registrants principal executive officer and principal financial officer have
concluded that the registrants disclosure controls and procedures (as defined
in Rule 30a-3(c) under the Investment Company Act of 1940) are
effective based on their evaluation of these disclosure controls and procedures
required by Rule 30a-3(b) under the Investment Company Act of 1940
and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange
Act as of a date within 90 days of the filing of this report.
(b)
During
the last fiscal quarter, there were no changes in the registrants internal
control over financial reporting (as defined in Rule 30a-3(d) under
the Investment Company Act of 1940) that has materially affected, or is reasonably
likely to materially affect, the registrants internal control over financial
reporting.
Item 3. Exhibits.
(a)
Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
COHEN & STEERS DIVIDEND MAJORS FUND,
INC.
By:
|
/s/ Adam M. Derechin
|
|
|
|
|
Name: Adam M. Derechin
|
|
|
|
|
Title: President
|
|
|
|
|
|
|
|
|
|
Date: May 30, 2008
|
|
|
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By:
|
/s/ Adam M. Derechin
|
|
By:
|
/s/ James Giallanza
|
|
Name: Adam M. Derechin
|
|
|
Name: James Giallanza
|
|
Title: President and principal
|
|
|
Title: Treasurer and principal
|
|
executive officer
|
|
|
financial officer
|
|
|
|
|
|
|
Date: May 30, 2008
|
|
|
|
Cohen & Steers Dividend Majors Fund (NYSE:DVM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cohen & Steers Dividend Majors Fund (NYSE:DVM)
Historical Stock Chart
From Jul 2023 to Jul 2024