Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMicah Zimmerman, The Motley FoolSat, July 4, 2026 at 2:35 PM GMT+2 5 min readWhen a stock is removed from the S&P 500, the immediate reaction is mechanical: Every index fund and exchange-traded fund (ETF) tracking the benchmark must sell it. That creates a short window of artificial selling pressure, pressure that has nothing to do with the underlying business.For dividend investors willing to look past the noise, that moment can be worth a close look.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »On June 22, two companies were shown the door by S&P Dow Jones Indices: The Campbell's Company (NASDAQ: CPB) and Pool Corporation (NASDAQ: POOL). Both were replaced by semiconductor and electronics names -- a signal of how far the S&P 500 has tilted toward tech. Both Campbell's and Pool Corp. are in the S&P SmallCap 600 now, which means they're not disappearing from the market. They're just less visible.Image source: Getty Images.1. Campbell's: The 7% yield storyCampbell's carries a dividend yield north of 7% right now. The stock has been under pressure for over a year, plagued by weaker volumes, lingering costs from its 2024 Sovos Brands acquisition, and an ERP system conversion that created operational headwinds. Markets punished the stock, and the yield climbed as the share price fell.The dividend itself has been in place for 51 years. The payout ratio sits at roughly 76% of earnings -- not lean, but covered. Cash-flow coverage is even healthier. When a 51-year dividend streak is backed by both earnings and cash flow, it carries weight.What