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VIG: A Dividend Growth ETF That's Built For Just This Type Of Market

Published Mon, 23 Sep 2019 21:11:42 -0400 on Seeking Alpha

This stock market has been an exercise in trying to determine if you should bet on the optimism of a potential trade war resolution or the pessimism surrounding a global economy that continues to look progressively worse. The S&P 500 (SPY) currently sits less than 2% from its all-time high so traders are clearly putting more weight into the former than the latter.
That doesn't mean you should follow the crowd and pile into risk assets. This has been an incredibly narrow rally that's been limited mostly to large-cap growth stocks. The small-cap underperformance is an indication that investors don't want to commit to too much risk in a slowing economy and are sticking mostly with high quality, highly liquid large-cap names.
Data by YCharts
We can see that preference for relative safety in the dividend growth universe too. Despite most Treasuries yielding less than 2%, investors have been hesitant to reach into high yield equities (with the notable exception of REITs). Dividend growth stocks and their sometimes decades-long history of giving shareholders steady pay hikes are more consistent with the broader market sentiment that favors quality over all else.
There are a number of terrific dividend growth ETFs that come to mind. The iShares Core Dividend Growth ETF (DGRO) and the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) both come to mind and you'd get no arguments from me for choosing either one.
My ETF of choice in this space, however, is the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
3M 170.58   20.6 8.28 5.76 3.41
VANGUARD HIGH DIVIDEND YIELD ETF 89.75   0.0 0.00 0.00 2.79
UNION PACIFIC 167.71   19.9 8.42 3.88 2.32
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82
MICROSOFT 137.52   27.1 5.07 1.84 1.35

3M - MMM
3M - MMM  


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