TGT - My Best Dividend Aristocrats For April 2024
2024-03-30 08:42:53 ET
Summary
- The ProShares S&P 500 Dividend Aristocrats ETF rebounds in February, finishing up 2.72%. March was also an excellent month for the Fund.
- I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term.
- After 32 months of tracking these strategies, all three of the strategies are beating NOBL, and one is beating SPY.
2024 Review
February was a solid month for the ProShares S&P 500 Dividend Aristocrat ETF ( NOBL ), the fund posted a gain of 2.72%. The good streak extended through March with NOBL being up another 4.19% (not factoring in the dividend payment). This has been NOBL's best first quarter of the year since 2021.
Several dividend aristocrats have started 2024 on an even better note than NOBL. Let's take a look at which individual aristocrats are driving the ETFs return through month-end February. The following 35 aristocrats are all outperforming NOBL (+2.24%) this year:
- Brown & Brown ( BRO ) +18.62%
- Grainger ( GWW ) +17.70%
- AbbVie ( ABBV ) +14.69%
- International Business Machines ( IBM ) +14.15%
- Caterpillar ( CAT ) +13.47%
- Fastenal ( FAST ) +13.37%
- Ecolab ( ECL ) +13.35%
- Walmart ( WMT ) +11.53%
- Sysco ( SYY ) +11.46%
- Chubb ( CB ) +11.36%
- Cardinal Health ( CAH ) +11.09%
- Hormel ( HRL ) +10.97%
- Nucor ( NUE ) +10.49%
- Emerson Electric ( EMR ) +10.33%
- Cincinnati Financial ( CINF ) +10.18%
- Linde PLC ( LIN ) +9.28%
- Colgate ( CL ) +9.19%
- Procter & Gamble ( PG ) +9.15%
- Lowes ( LOW ) +8.70%
- Genuine Parts Company ( GPC ) +8.49%
- Clorox ( CLX ) +8.42%
- Abbott Labs ( ABT ) +8.31%
- Target (TGT) +8.16%
- Dover Corporation ( DOV ) +7.86%
- Automatic Data Processing ( ADP ) +7.80%
- Pentair ( PNR ) +7.33%
- Sherwin Williams ( SHW ) +6.70%
- Church & Dwight ( CHD ) +6.18%
- General Dynamics ( GD ) +5.79%
- Exxon Mobil ( XOM ) +5.52%
- Brown-Forman ( BF.B ) +5.49%
- T. Rowe Price Group ( TROW ) +5.26%
- Cintas ( CTAS ) +4.54%
- Johnson & Johnson ( JNJ ) +3.74%
- Chevron ( CVX ) +2.98%