{"id":17654,"date":"2023-06-03T09:02:28","date_gmt":"2023-06-03T13:02:28","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/my-top-15-high-growth-dividend-stocks-for-june-2023\/"},"modified":"2023-06-03T09:02:30","modified_gmt":"2023-06-03T13:02:30","slug":"my-top-15-high-growth-dividend-stocks-for-june-2023","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=17654","title":{"rendered":"My Top 15 High Growth Dividend Stocks For June 2023"},"content":{"rendered":"
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Quality Stocks<\/h2>\n

May was not a great month for my watchlist as the 15 chosen stocks from last month collectively fell by 5.09%. This was grossly worse than the SPDR S&P 500 Trust ETF (SPY) that posted a gain of 0.46%. And even Vanguard’s Dividend Appreciation ETF (<\/span>VIG) managed to offer a superior return, posting a loss of 2.74%. Year-to-date my watchlist is still in the green, up 3.28%, compared to a gain of 1.42% for VIG and 9.69% for SPY.<\/span><\/p>\n

Following May, the watchlist sees its long-term annualized return decrease to 11.31%, once again falling below my long term target of 12%. This isn’t the first time the long term return dipped below 12% and I remain optimistic that it will exceed my target in the future.<\/p>\n

The main focus of this watchlist is to find the best combination of quality companies trading for attractive prices. I believe this is the optimal long-term strategy to building wealth.<\/span><\/p>\n

The top 15 dividend growth stocks for June offer an average dividend yield of 1.56%. Collectively, they have increased dividend payments at a rate of 29.33% during the last 5 years. Based on dividend yield theory, these 15 stocks are about 36% undervalued right now, and I think they are poised to offer strong long-term returns.<\/p>\n

I would recommend two approaches to dividend investing. The first is to dollar-cost average into at least 10-20 or more quality dividend-paying stocks across multiple sectors and industries. By dollar-cost averaging, you eliminate the risk of trying to value a stock and over a long enough period, theoretically, you will buy shares at market highs, lows, and in-between resulting in an average cost basis somewhere in the middle. The second method carries a little more risk. Invest in undervalued stocks, also dollar-cost averaging into at least 10-20 unique quality companies across multiple sectors and industries. The additional risk with this approach comes from the chance that your valuation method proves to be incorrect. However, by investing in multiple unique stocks, the odds that you accurately identify at least a few undervalued stocks increases. The resulting upside from a few correct picks may more than offset the underperformance from the bad ones.<\/p>\n

Watchlist Criteria<\/h2>\n

The criteria used to determine which stocks are included in my high-growth dividend stock watchlist remains unchanged for June 2023. It is made up of the 8 factors listed below that have historically outperformed the broad universe of dividend-paying stocks when analyzed collectively.<\/p>\n