WEC - My Top 10 High Yield Dividend Stocks For May 2024

2024-05-03 01:23:39 ET

Summary

• Despite a setback in April, the Vanguard High Dividend Yield ETF is still positive this year +4.91%, while the SPDR S&P 500 ETF Trust is up +5.94%.
• The top 10 stocks on the watchlist for May 2024 offer a 3.59% 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 15.61% since its inception in November 2020.

Market Recap

After a solid Q1 in 2024 with the S&P 500 posting positive returns each month, the market cools off to start Q2. The SPDR S&P 500 ETF Trust ( SPY ) fell by 4.03% in April, erasing nearly 40% of gains this year. Vanguard's High Dividend Yield ETF ( VYM ) moved in the same direction, falling by 3.74% last month. My watchlist faired a little better, the 10 chosen stocks for April delivered a modest loss of 0.89%, outpacing both SPY and VYM. However, the watchlist trailed both benchmarks in January, and following April slides slightly ahead of VYM but continue to trail SPY year-to-date....

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