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

2024-06-03 11:46:52 ET

Summary

• The SPDR S&P 500 ETF Trust had a 5.06% gain in May, outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, +3.33%.
• The top 15 dividend growth stocks for June 2024 offer an average dividend yield of 1.37% and appear to be about 28% undervalued based on dividend yield theory.
• Since its inception in September 2020, the watchlist has achieved an 11.12% annualized return, beating VIG by 0.10% but trailing SPY by 2.18%.

Quality Stocks

The market woes from April were quickly forgotten as the S&P 500 got back on track in May. The SPDR S&P 500 Trust ETF ( SPY ) posted a strong gain of 5.06%, turning its Q2 return positive. Vanguard's Dividend Appreciation Index Fund ETF Shares ( VIG ) posted a more modest gain of 3.33%, not quite enough to erase the losses from April. Meanwhile, my watchlist underperformed both benchmarks, posting a very modest gain of 1.58%. 2024 has not been a strong year for the watchlist, following May it is down 5.5% on the year, relative to a gain of 6.16% for VIG and 11.30% for SPY....

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