👑 Dividend Heroes update: +20% YTD
Aflac strongest performer | average yield is 1.7%
The Dividend Heroes USA portfolio is up exactly 20% YTD as of August 29, 2024. The average dividend yield for the 25 top ranked US dividend growth stocks is 1.7%.
This week’s top performer was insurer Aflac (AFL) with the stock touching a new all time high. At a stock price of $109.57 the dividend yield for Aflac is 1.8%. We especially love the company for its massive annual combined buybacks and dividend hikes.
Mind you, according to our calculations Aflac repurchased about 40% of its stock in the last decade with a 10 year CAGR of 10.5% for the dividend.
Dividend growth actually picked up the last five years, including a 19% dividend hike by Aflac in 2023. This November a new double digit increase looks likely for the Dividend Aristocrat.
Next week we will highlight another Dividend Hero.
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.