SIRI - My Top 15 High Growth Dividend Stocks For May 2024

2024-05-03 13:49:33 ET

Summary

• The SPDR S&P 500 ETF Trust had a 4.03% loss in April, slightly outperforming Vanguard's Dividend Appreciation Index Fund ETF Shares, -4.13%.
• The top 15 dividend growth stocks for May 2024 offer an average dividend yield of 1.23% and appear to be about 26% undervalued based on dividend yield theory.
• Since its inception in September 2020, the watchlist has achieved a 10.91% annualized return, beating VIG by 0.62% but trailing SPY by 1.19%.

Quality Stocks

Following 5 months of positive gains for the S&P 500, investors get their first taste of a pullback in April. The SPDR S&P 500 Trust ETF ( SPY ) fell by 4.03%, starting off Q2 on a sour note. Vanguard's Dividend Appreciation Index Fund ETF Shares ( VIG ) posted a slightly worse loss of 4.13%. Meanwhile, my watchlist underperformed both benchmarks, falling by 5.62% last month. 2024 has not been a kind year for my quality strategy, the watchlist sits 6.97% in the red year-to-date, relative to +2.74% for VIG and +5.94% for SPY....

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