CCEP - My Top 10 High Yield Dividend Stocks For February 2024

2024-02-02 14:19:41 ET

Summary

• Vanguard's High Dividend Yield ETF had a modest gain of 0.75% to start 2024, while the SPDR S&P 500 ETF Trust gained 1.59%.
• The top 10 stocks on the watchlist for February 2024 offer a 3.55% dividend yield, more than double the S&P 500.
• My top 10 list of high dividend yield stocks has generated an annualized rate of return of 14.57% since its inception in November 2020.

Market Recap

The strong returns from the last two months of 2023 did not extend into the new year, Vanguard's High Dividend Yield ETF ( VYM ) mustered a mere 0.75% gain to start 2024. The SPDR S&P 500 ETF Trust ( SPY ) kicked off the year with a more impressive gain of 1.59%. My watchlist, on the other hand, did not get off to a great start, it posted a loss of 1.55% during the month of January. Despite this poor start, since inception, the watchlist remains very competitive with both VYM and SPY. The annualized return for the watchlist declined, yet remains at a respectable level, 14.57%, compared to 14.8% for VYM and 14.51% for SPY....

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