π Dividend Heroes Update: 26% YTD Return Despite Volatile Week
As of October 3, 2024, the Dividend Heroes have posted an impressive year-to-date return of +26%, even after a challenging final week in which they saw a modest 0.7% decline. Out of the 25 Dividend Heroes, only two stocks are currently in the red for the year, with Dillard's (DDS) standing out as the biggest laggard, shedding around 10% of its value.
On the positive side, one stock, which will soon be revealed as our Focus Stock on Dividend Hike, has nearly doubled in price. Moreover, 18 out of the 25 Heroes boast double-digit gains, reflecting the overall resilience of this dividend-focused group.
Below you see the current 25 Heroes with several companies blurred that we will disclose in the next couple of months as a Focus Stock or in a new Dividend Heroes update.
Currently, the average dividend yield of the Dividend Heroes sits at 1.6%, while the payout ratio remains comfortably low at 38.1%. The average price-to-earnings (P/E) ratio stands at 19.1, suggesting solid fundamentals across the board.
With strong gains and healthy dividend metrics, the Dividend Heroes continue to be a compelling choice for income-seeking investors in 2024. Stay tuned for more updates and the reveal of our Focus Stock!
We are planning a paid Dividend Heroes website with full access to all Heroes, including those from Europe and Globally. If you are interested in this, please let us know in the comments or do a pledge for a future substack subscription. We thank you for your support!
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.