2024-05-24 17:52:10 ET
Summary
- U.S. companies paid record dividends in Q1 2024, with expectations of another strong period in Q2.
- I have a buy rating on Vanguard Dividend Appreciation Index Fund ETF Shares given its strong yield and exposure to a diversified mix of U.S. dividend payers.
- With a strong chart and favorable seasonal trends, I highlight key price levels to watch.
It was just reported that U.S. companies paid out a record amount of dividends in the first quarter of 2024. This shouldn’t come as a surprise, considering the stout levels of profits and free cash flow domestic large caps are generating as AI investment runs wild and U.S. employment trends remain very healthy. ...
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VIG: Record US Dividends, Firms Hiking Payouts Bode Well For Dividend Aristocrats