PEY: Dividend Growth Stocks With Double The Yield

By Dave Dierking Up until recently, dividend stock performance has been a mixed bag with high yielders being notable underachievers. A COVID vaccine-inspired economic recovery in 2021 could put value stocks, dividend payers and cyclicals back into market leadership positions. PEY is well-positioned in the themes that are poised to outperform over the next 12 months. Requiring 10+ year dividend growth histories to qualify for the portfolio adds a degree of safety should the market turn sideways. The current 4.5% dividend yield is well over double that of the S&P 500 and the dividend aristocrat universe.