Dividend Heroes

Dividend Heroes

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Dividend Heroes
Dividend Heroes
Meet the Dividend Heroes Selection

Meet the Dividend Heroes Selection

Here is the full portfolio with all 25 top ranked US dividend stocks for 2024

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Dividend Hike
Aug 19, 2024
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Dividend Heroes
Dividend Heroes
Meet the Dividend Heroes Selection
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This screenshot shows you part of the 2024 Dividend Heroes Portfolio

In 2016, we launched the Dividend Heroes Portfolio, a selection of the 25 best dividend growth stocks based on our proprietary formula. Dividend growth is crucial, but it’s not just about stocks with 25 years or more of growth or companies with a minimum market cap. We have combined these elements into a super portfolio that includes both small-cap and large-cap stocks, featuring many new names that are set to become the Dividend Aristocrats of the future.

🚨⚠️ Dividend Heroes are like Dividend Aristocrats on steroids: not the weaklings that offer minimal dividend increases, but only the absolute best dividend growers. ⚠️🚨

The portfolio is completely refreshed at the end of each year based on the Dividend Hike stats accumulated over the year. As a paid ‘Dividend Hero plan’ subscriber, you will get access to the full portfolio with all 25 current dividend stocks.

Dividend Hike is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

2024 Dividend Heroes Stats

  • Total Return: +18.6% (as of August 16)

As of August 16, 2024, the Dividend Heroes portfolio has achieved a notable gain of 18.6%. Here are the key factors contributing to this performance:

Semiconductor Stocks

Semiconductor stocks have been a major driver of the portfolio's success this year. Companies in this sector are benefiting from strong demand for advanced technologies, including artificial intelligence and 5G infrastructure. Two Dividend Hero semiconductor stocks are:

  • Broadcom (AVGO): +49.9% YTD

  • KLA Corp (KLAC): +44.7% YTD

Dividend Aristocrats

Several Dividend Aristocrats have also performed exceptionally well. These companies are known for their consistent history of increasing dividend payments, contributing positively to our overall returns. The Dividend Heroes Portfolio includes some of the best performing Aristocrats with two Dividend Aristocrats doubling as a Dividend Hero in 2024:

  • Aflac (AFL): +25.8% YTD

  • Cintas (CTAS): +28.2% YTD

Hidden Gems

The portfolio has included several 'Hidden Gems'—smaller-cap companies with potential for future dividend growth. These stocks are not yet widely recognized by larger investors but are showing promising performance. Actually the best performing Dividend Hero year to date (+64.5%) is a little known compounder with now 12 consecutive years of dividend increases with an average hike of 26% annually. Other less known Heroes include two of our Focus Stocks:

  • Nexstar Media (NXST): +5.6% YTD

  • Discover Financial (DFS): +17.6% YTD

Out of the 25 Dividend Heroes, only 3 have underperformed in 2024, with Dillard’s (DDS) leading the way with a 13.5% YTD loss.

👉 If you want to see the full Dividend Heroes Portfolio, up-to-date with the latest data and stats, please consider upgrading or subscribing to our Dividend Hero Annual Plan.

Financials have the biggest weight with 28%, followed by Industrials (20%), Technology (12%) and Materials (12%). The average market cap for all 25 Dividend Heroes is $109.5 billion as of August 25 with an average annual dividend payment of $1.7 billion.

The average Dividend Hero Yield now stands at 1.7% based on a payout ratio of 35.1% with an estimated p/e of 18.2. The 5 year CAGR for the dividend for all heroes together is 16.8%. Finally the Heroes have a 19.1% average ROIC and a 20.1% average EBIT-margin.

Now let’s dive into the Full Dividend Heroes Portfolio!

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