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The Dividend Report - January 2024

By Charles Payne CEO & Principal Analyst

Dividend Trends

According to the Dividend Growth Investor, 64 out of 68 ‘Aristocrats’ hiked payouts in 2023, three left unchanged, and one company lowered its payout.


Higher Yields Not Enough

It was a tough year for dividend-payers until the October 26th low that became a tide that lifted all ships. In the end, other stocks were more attractive to buyers.

Due to that massive wave of equity buying, the S&P 500 Dividend Aristocrats Exchange-Traded Fund (ETF) edged higher for the year. The ETF was also bouncing off key support held in the past, so that it might have saved a much bigger rout. The challenge now is how to break through historic resistance.

To read full report contact your account representative or email Info@wstreet.com. 

Charles Payne
Wall Street Strategies


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