ELV - My Top 15 High Growth Dividend Stocks For April 2024

2024-04-01 13:47:51 ET

Summary

• The SPDR S&P 500 ETF Trust had a 3.27% return in March, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares.
• The top 15 dividend growth stocks for April 2024 offer an average dividend yield of 1.44% and appear to be about 24% undervalued based on dividend yield theory.
• Since its inception in September 2020, the watchlist has been rocking a cool 12.99% annualized return, beating VIG by 1.13% but trailing SPY by 0.71%.

Quality Stocks

The SPDR S&P 500 Trust ETF ( SPY ) posted a 3.27% return in March, finishing Quarter 1 with a double digit gain. Vanguard's Dividend Appreciation Index Fund ETF Shares ( VIG ) locked in a lower gain of 2.37% last month. My watchlist underperformed both, posting a very weak return of 0.50%. Frankly it's been struggling to get off the ground this year. After two strong months of outperformance to cap off 2023 the watchlist is experiencing a pullback in 2024. As we all know, some months are better than others, I remain optimistic the watchlist will remain competitive in 2024....

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