N-Q 1 a10-16716_1nq.htm N-Q

 

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:

September 30, 2010

 

 



 

Item 1. Schedule of Investments

 


 


 

COHEN & STEERS DIVIDEND MAJORS FUND, INC.

 

Schedule of Investments

September 30, 2010 (Unaudited)

 

 

 

Number 
of Shares

 

Value

 

COMMON STOCK 99.1%

 

 

 

 

 

BASIC MATERIALS 0.3%

 

 

 

 

 

Dow Chemical Co.

 

15,200

 

$

417,392

 

CONSUMER—CYCLICAL 4.3%

 

 

 

 

 

APPAREL 0.7%

 

 

 

 

 

NIKE (a)

 

14,000

 

1,121,960

 

AUTO PARTS EQUIPMENT 0.5%

 

 

 

 

 

Genuine Parts Co.

 

9,500

 

423,605

 

Johnson Controls (a)

 

14,400

 

439,200

 

 

 

 

 

862,805

 

MEDIA 0.8%

 

 

 

 

 

Comcast Corp.

 

22,900

 

414,032

 

The Walt Disney Co.

 

25,200

 

834,372

 

 

 

 

 

1,248,404

 

RETAIL 2.3%

 

 

 

 

 

Nordstrom

 

25,500

 

948,600

 

Ross Stores

 

18,200

 

994,084

 

Wal-Mart Stores (a)

 

35,700

 

1,910,664

 

 

 

 

 

3,853,348

 

TOTAL CONSUMER—CYCLICAL

 

 

 

7,086,517

 

CONSUMER—NON-CYCLICAL 6.2%

 

 

 

 

 

AGRICULTURE 0.3%

 

 

 

 

 

Philip Morris International

 

7,700

 

431,354

 

APPAREL 0.4%

 

 

 

 

 

VF Corp.

 

7,900

 

640,058

 

BEVERAGE 1.0%

 

 

 

 

 

PepsiCo

 

24,700

 

1,641,068

 

COSMETICS/PERSONAL CARE 1.1%

 

 

 

 

 

Procter & Gamble Co.

 

30,100

 

1,805,097

 

FOOD 0.5%

 

 

 

 

 

Kraft Foods-Class A

 

27,400

 

845,564

 

 

1



 

 

 

Number 
of Shares

 

Value

 

RESTAURANT 1.0%

 

 

 

 

 

McDonald’s Corp. (a)

 

22,800

 

$

1,698,828

 

RETAIL 1.5%

 

 

 

 

 

Costco Wholesale Corp.

 

14,000

 

902,860

 

CVS Caremark Corp. (a)

 

49,200

 

1,548,324

 

 

 

 

 

2,451,184

 

SPECIALTY RETAIL 0.4%

 

 

 

 

 

Home Depot

 

19,200

 

608,256

 

TOTAL CONSUMER— NON-CYCLICAL

 

 

 

10,121,409

 

ENERGY 5.7%

 

 

 

 

 

OIL & GAS 5.1%

 

 

 

 

 

Apache Corp. (a)

 

12,400

 

1,212,224

 

Chevron Corp. (a)

 

26,500

 

2,147,825

 

ConocoPhillips

 

7,500

 

430,725

 

Devon Energy Corp. (a)

 

9,700

 

627,978

 

Exxon Mobil Corp. (a)

 

34,600

 

2,137,934

 

Marathon Oil Corp.

 

23,600

 

781,160

 

Occidental Petroleum Corp.

 

13,200

 

1,033,560

 

 

 

 

 

8,371,406

 

OIL & GAS REFINING & MARKETING 0.1%

 

 

 

 

 

Valero Energy Corp. (a)

 

9,100

 

159,341

 

OIL & GAS SERVICES 0.5%

 

 

 

 

 

Schlumberger Ltd.

 

12,900

 

794,769

 

TOTAL ENERGY

 

 

 

9,325,516

 

 

2



 

 

 

Number 
of Shares

 

Value

 

FINANCIAL 8.9%

 

 

 

 

 

BANK 2.9%

 

 

 

 

 

Bank of America Corp. (a)

 

101,500

 

$

1,330,665

 

Bank of New York Mellon Corp. (a)

 

24,500

 

640,185

 

PNC Financial Services Group (a)

 

3,500

 

181,685

 

Toronto-Dominion Bank (Canada)

 

10,900

 

788,711

 

US Bancorp (a)

 

45,900

 

992,358

 

Wells Fargo & Co. (a)

 

28,900

 

726,257

 

 

 

 

 

4,659,861

 

CREDIT CARD 1.0%

 

 

 

 

 

American Express Co.

 

10,200

 

428,706

 

Visa-Class A

 

15,800

 

1,173,308

 

 

 

 

 

1,602,014

 

DIVERSIFIED FINANCIAL SERVICE 2.9%

 

 

 

 

 

BlackRock (a)

 

2,300

 

391,575

 

Citigroup (b)

 

158,400

 

617,760

 

Franklin Resources (a)

 

6,100

 

652,090

 

Goldman Sachs Group

 

6,800

 

983,144

 

JPMorgan Chase & Co. (a)

 

41,800

 

1,591,326

 

Morgan Stanley (a)

 

23,500

 

579,980

 

 

 

 

 

4,815,875

 

INSURANCE 2.1%

 

 

 

 

 

Aflac(a)

 

17,300

 

894,583

 

HCC Insurance Holdings

 

23,200

 

605,288

 

MetLife

 

32,400

 

1,245,780

 

Power Corp., (Canada)

 

29,200

 

760,580

 

 

 

 

 

3,506,231

 

TOTAL FINANCIAL

 

 

 

14,583,981

 

HEALTH CARE 5.9%

 

 

 

 

 

HEALTH CARE PROVIDERS & SERVICES 0.5%

 

 

 

 

 

UnitedHealth Group

 

25,100

 

881,261

 

 

3



 

 

 

Number 
of Shares

 

Value

 

HEALTHCARE PRODUCTS 3.0%

 

 

 

 

 

Baxter International(a)

 

20,300

 

$

968,513

 

Becton Dickinson & Co.(a)

 

8,400

 

622,440

 

Covidien Ltd.

 

30,900

 

1,241,871

 

Johnson & Johnson(a)

 

22,700

 

1,406,492

 

Medtronic

 

22,600

 

758,908

 

 

 

 

 

4,998,224

 

PHARMACEUTICAL 2.4%

 

 

 

 

 

Abbott Laboratories

 

20,700

 

1,081,368

 

Merck & Co.

 

33,300

 

1,225,773

 

Pfizer (a)

 

91,300

 

1,567,621

 

 

 

 

 

3,874,762

 

TOTAL HEALTH CARE

 

 

 

9,754,247

 

INDUSTRIAL 5.4%

 

 

 

 

 

AEROSPACE & DEFENSE 2.6%

 

 

 

 

 

Boeing Co. (a)

 

6,200

 

412,548

 

General Dynamics Corp. (a)

 

16,700

 

1,048,927

 

L-3 Communications Holdings (a)

 

12,700

 

917,829

 

Lockheed Martin Corp. (a)

 

15,500

 

1,104,840

 

United Technologies Corp.

 

11,500

 

819,145

 

 

 

 

 

4,303,289

 

DIVERSIFIED MANUFACTURING 1.7%

 

 

 

 

 

3M Co.

 

9,800

 

849,758

 

General Electric Co.

 

119,600

 

1,943,500

 

 

 

 

 

2,793,258

 

ENVIRONMENTAL CONTROL 0.3%

 

 

 

 

 

Waste Management

 

12,100

 

432,454

 

 

4



 

 

 

Number 
of Shares

 

Value

 

TRANSPORTATION 0.8%

 

 

 

 

 

Norfolk Southern Corp. (a)

 

11,100

 

$

660,561

 

United Parcel Service

 

10,200

 

680,238

 

 

 

 

 

1,340,799

 

TOTAL INDUSTRIAL

 

 

 

8,869,800

 

MATERIALS 1.2%

 

 

 

 

 

CHEMICALS 0.8%

 

 

 

 

 

Ecolab

 

16,800

 

852,432

 

Sigma-Aldrich Corp.

 

7,600

 

458,888

 

 

 

 

 

1,311,320

 

METALS & MINING 0.4%

 

 

 

 

 

Freeport-McMoRan Copper & Gold

 

8,700

 

742,893

 

TOTAL MATERIALS

 

 

 

2,054,213

 

REAL ESTATE 48.6%

 

 

 

 

 

DIVERSIFIED 4.1%

 

 

 

 

 

Duke Realty Corp.

 

98,323

 

1,139,564

 

Forest City Enterprises (b)

 

128,346

 

1,646,679

 

Lexington Realty Trust

 

171,700

 

1,229,372

 

Vornado Realty Trust

 

31,151

 

2,664,345

 

 

 

 

 

6,679,960

 

HEALTH CARE 6.2%

 

 

 

 

 

Brookdale Senior Living (a),(b)

 

79,842

 

1,302,223

 

Cogdell Spencer

 

106,385

 

672,353

 

Emeritus Corp. (b)

 

38,100

 

649,986

 

HCP

 

45,200

 

1,626,296

 

Health Care REIT

 

63,700

 

3,015,558

 

LTC Properties

 

47,000

 

1,199,440

 

Nationwide Health Properties

 

43,300

 

1,674,411

 

 

 

 

 

10,140,267

 

 

5



 

 

 

Number 
of Shares

 

Value

 

HOTEL 2.8%

 

 

 

 

 

Chesapeake Lodging Trust

 

57,087

 

$

933,943

 

Hersha Hospitality Trust

 

256,491

 

1,328,623

 

Host Hotels & Resorts

 

106,068

 

1,535,865

 

Hyatt Hotels Corp.-Class A (b)

 

21,200

 

792,668

 

 

 

 

 

4,591,099

 

INDUSTRIAL 1.5%

 

 

 

 

 

EastGroup Properties

 

19,600

 

732,648

 

First Industrial Realty Trust (b)

 

11,400

 

57,798

 

ProLogis

 

142,152

 

1,674,551

 

 

 

 

 

2,464,997

 

OFFICE 5.2%

 

 

 

 

 

Boston Properties

 

49,000

 

4,072,880

 

Douglas Emmett

 

102,941

 

1,802,497

 

Hudson Pacific Properties

 

48,028

 

786,218

 

Liberty Property Trust

 

44,300

 

1,413,170

 

SL Green Realty Corp.

 

8,100

 

512,973

 

 

 

 

 

8,587,738

 

OFFICE/INDUSTRIAL 1.6%

 

 

 

 

 

PS Business Parks

 

46,200

 

2,613,534

 

RESIDENTIAL 9.8%

 

 

 

 

 

APARTMENT 8.5%

 

 

 

 

 

Apartment Investment & Management Co.

 

55,700

 

1,190,866

 

Associated Estates Realty Corp.

 

96,203

 

1,344,918

 

AvalonBay Communities

 

18,100

 

1,881,133

 

BRE Properties

 

52,100

 

2,162,150

 

Colonial Properties Trust

 

52,300

 

846,737

 

Equity Residential

 

74,100

 

3,524,937

 

Home Properties

 

16,504

 

873,061

 

UDR

 

100,132

 

2,114,788

 

 

 

 

 

13,938,590

 

 

6


 

 


 

 

 

Number 
of Shares

 

Value

 

MANUFACTURED HOME 1.3%

 

 

 

 

 

Equity Lifestyle Properties

 

40,500

 

$

2,206,440

 

TOTAL RESIDENTIAL

 

 

 

16,145,030

 

SELF STORAGE 2.4%

 

 

 

 

 

Public Storage

 

41,400

 

4,017,456

 

SHOPPING CENTER 12.6%

 

 

 

 

 

COMMUNITY CENTER 5.8%

 

 

 

 

 

Acadia Realty Trust

 

93,698

 

1,780,262

 

Developers Diversified Realty Corp.

 

148,944

 

1,671,152

 

Kimco Realty Corp.

 

135,675

 

2,136,881

 

Regency Centers Corp.

 

20,700

 

817,029

 

Tanger Factory Outlet Centers

 

19,700

 

928,658

 

Urstadt Biddle Properties-Class A

 

39,213

 

708,971

 

Weingarten Realty Investors

 

70,000

 

1,527,400

 

 

 

 

 

9,570,353

 

FREE STANDING 0.5%

 

 

 

 

 

Excel Trust

 

68,400

 

770,868

 

REGIONAL MALL 6.3%

 

 

 

 

 

Macerich Co.

 

54,106

 

2,323,853

 

Simon Property Group

 

87,171

 

8,084,238

 

 

 

 

 

10,408,091

 

TOTAL SHOPPING CENTER

 

 

 

20,749,312

 

SPECIALTY 2.4%

 

 

 

 

 

Digital Realty Trust

 

19,789

 

1,220,981

 

DuPont Fabros Technology

 

50,449

 

1,268,793

 

Rayonier

 

29,600

 

1,483,552

 

 

 

 

 

3,973,326

 

TOTAL REAL ESTATE

 

 

 

79,962,719

 

 

7



 

 

 

Number 
of Shares

 

Value

 

TECHNOLOGY 9.2%

 

 

 

 

 

COMPUTERS 1.5%

 

 

 

 

 

Hewlett-Packard Co.

 

25,600

 

$

1,076,992

 

International Business Machines Corp.

 

10,800

 

1,448,712

 

 

 

 

 

2,525,704

 

INTERNET SERVICE PROVIDER 0.5%

 

 

 

 

 

Google (b)

 

1,600

 

841,264

 

IT SERVICES 0.5%

 

 

 

 

 

Automatic Data Processing (a)

 

19,500

 

819,585

 

SEMICONDUCTORS 2.0%

 

 

 

 

 

Intel Corp. (a)

 

58,600

 

1,126,878

 

Microchip Technology (a)

 

14,100

 

443,445

 

Texas Instruments

 

64,800

 

1,758,672

 

 

 

 

 

3,328,995

 

SOFTWARE 2.7%

 

 

 

 

 

Microsoft Corp. (a)

 

82,200

 

2,013,078

 

Oracle Corp.

 

89,100

 

2,392,335

 

 

 

 

 

4,405,413

 

TELECOMMUNICATION EQUIPMENT 2.0%

 

 

 

 

 

Corning

 

64,500

 

1,179,060

 

Harris Corp.

 

18,600

 

823,794

 

QUALCOMM

 

27,300

 

1,231,776

 

 

 

 

 

3,234,630

 

TOTAL TECHNOLOGY

 

 

 

15,155,591

 

TELECOMMUNICATION SERVICES 1.3%

 

 

 

 

 

AT&T (a)

 

54,400

 

1,555,840

 

Verizon Communications

 

20,400

 

664,836

 

 

 

 

 

2,220,676

 

UTILITIES 2.1%

 

 

 

 

 

ELECTRIC UTILITIES 0.5%

 

 

 

 

 

NextEra Energy

 

15,500

 

843,045

 

 

8



 

 

 

Number 
of Shares

 

Value

 

MULTI UTILITIES 1.6%

 

 

 

 

 

PG&E Corp.

 

17,600

 

$

799,392

 

Sempra Energy

 

15,600

 

839,280

 

Wisconsin Energy Corp.

 

17,900

 

1,034,620

 

 

 

 

 

2,673,292

 

TOTAL UTILITIES

 

 

 

3,516,337

 

TOTAL COMMON STOCK (Identified cost—$140,593,744)

 

 

 

163,068,398

 

SHORT-TERM INVESTMENTS 1.4%

 

 

 

 

 

MONEY MARKET FUNDS

 

 

 

 

 

Federated Government Obligations Fund, 0.06%(c)

 

1,150,380

 

1,150,380

 

State Street Institutional Liquid Reserves Fund, 0.26%(c)

 

1,151,543

 

1,151,543

 

TOTAL SHORT-TERM INVESTMENTS (Identified cost—$2,301,923)

 

 

 

2,301,923

 

 

 

 

 

 

 

TOTAL INVESTMENTS (Identified cost—$142,895,667)

 

100.5

%

 

 

165,370,321

 

 

 

 

 

 

 

 

 

WRITTEN CALL OPTIONS

 

(0.5

)

 

 

(795,860

)

 

 

 

 

 

 

 

 

LIABILITIES IN EXCESS OF OTHER ASSETS

 

0.0

 

 

 

(43,635

)

 

 

 

 

 

 

 

 

NET ASSETS (Equivalent to $13.03 per share based on 12,625,748 shares of common stock outstanding)

 

100.0

%

 

 

$

164,530,826

 

 

9



 

 

 

Number of
Contracts

 

Value

 

WRITTEN CALL OPTIONS

 

 

 

 

 

S&P 500 Index, Strike Price 1,135, 10/16/10 (0.5)%

 

88

 

$

(195,360

)

S&P 500 Index, Strike Price 1,140, 10/16/10

 

124

 

(223,200

)

S&P 500 Index, Strike Price 1,130, 10/16/10

 

154

 

(377,300

)

TOTAL WRITTEN CALL OPTIONS
(Premiums Received—$644,352)

 

 

 

$

(795,860

)

 

Glossary of Portfolio Abbreviation

 

REIT

 

Real Estate Investment Trust

 


Note: Percentages indicated are based on the net assets of the Fund.

(a) All or a portion  of the security is pledged in connection with written option contracts: $ 20,579,252 has been pledged to brokers.

(b) Non-income producing security.

(c) Rate quoted represents the seven day yield of the fund.

 

10


 

 


 

COHEN & STEERS DIVIDEND MAJORS FUND, INC.

 

NOTES TO FINANCIAL STATEMENTS (Unaudited)

 

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.  Exchange traded options are valued at their last sale price as of the close of options trading on applicable exchanges.  In the absence of a last sale, options are valued at the average of the quoted bid and asked prices as of the close of business.  Over-the-counter options quotations are provided by the respective counterparty.

 

Securities not listed on the New York Stock Exchange but listed on other domestic or foreign securities exchanges 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. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certain foreign securities may be fair valued pursuant to procedures established by the Board of Directors.

 

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 investment manager) to be over-the-counter, are valued at the official closing prices as reported by 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. However, certain fixed-income securities may be valued on the basis of prices provided by a pricing service when such prices are believed by the Board of Directors to reflect the fair market value of such securities.

 

Securities for which market prices are unavailable, or securities for which the investment manager determines that the bid and/or asked price does not reflect market value, will be valued at fair value pursuant to procedures approved by the Fund’s 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, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.

 

The Fund’s 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.

 

11



 

COHEN & STEERS DIVIDEND MAJORS FUND, INC.

 

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

 

Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates value. Investments in open-end mutual funds are valued at their closing net asset value.

 

Fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability.  The hierarchy of inputs that are used in determining the fair value of the Fund’s investments 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, credit risk, etc.)

·                  Level 3 – significant unobservable inputs (including the Fund’s 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 September 30, 2010 in valuing the Fund’s investments carried at value:

 

 

 

Total

 

Quoted Prices In 
Active Market for 
Identical Assets 
(Level 1)

 

Significant 
Other 
Observable 
Inputs 
(Level 2)

 

Significant 
Unobservable 
Inputs

 (Level 3)

 

Common Stock

 

$

163,068,398

 

$

163,068,398

 

$

 

 

Money Market Funds

 

2,301,923

 

 

2,301,923

 

 

Total Investments

 

$

165,370,321

 

$

163,068,398

 

$

2,301,923

 

 

 

 

 

 

 

 

 

 

 

 

Other Financial Instruments*

 

$

(795,860

)

$

(795,860

)

 

 

 


* Other financial instruments are written option contracts.

 

12



 

COHEN & STEERS DIVIDEND MAJORS FUND, INC.

 

NOTES TO FINANCIAL STATEMENTS (Unaudited) (Continued)

 

Note 2Derivative Instruments:

 

The following is a summary of the market valuations of the Fund’s derivative instruments as of September 30, 2010:

 

Written Option Contracts

 

$

(795,860

)

 

Options:  The Fund may write put or covered call options on an index or a security with the intention of earning option premiums. Option premiums may increase the Fund’s realized gains and therefore may help increase distributable income. When a Fund writes (sells) an option, an amount equal to the premium received by the Fund is recorded in the Statement of Assets and Liabilities as a liability. The amount of the liability is subsequently marked-to-market to reflect the current market value of the option written. When an option expires, the Fund realizes a gain on the option to the extent of the premiums received. Premiums received from writing options which are exercised or closed, are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss.  If a put option on a security is exercised, the premium reduces the cost basis of the securities purchased by the Fund.  The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the underlying index or security. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contract.

 

Note 3. Income Tax Information

 

As of September 30, 2010, the federal tax cost and net unrealized appreciation on securities were as follows:

 

Gross unrealized appreciation

 

$

25,458,051

 

Gross unrealized depreciation

 

(2,983,397

)

Net unrealized appreciation

 

$

22,474,654

 

 

 

 

 

Cost for federal income tax purposes

 

$

142,895,667

 

 

13


 


 

Item 2. Controls and Procedures

 

(a)                                 The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s 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 registrant’s 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 registrant’s 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: November 24, 2010

 

 

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 Executive Officer

 

 

    Title: Treasurer and Principal Financial Officer

 

 

 

 

Date: November 24, 2010