2 “Dead Money” Dividend Aristocrats to Avoid (and 2 to Buy Instead)

Wall Street’s supposedly elite group of stocks that have increased their annual payouts every year for at least a quarter-century – the “Dividend Aristocrats” – are peddled by advisers and pundits alike as supreme plays for income portfolios. And sure, a select few of them are. We’ll discuss two later today. But a whole lot more of them are simply “dead money.” The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) , which invests in the whole lot of dividend royalty, yields 1.9% as I write this. Even a million dollars parked in this fund is generating less than $20,000 in investment income annually.… Read more