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SA Charts: SPY maintains Q1 dividend growth by raising payout 7%
Seeking Alpha News (Fri, 2-May 10:49 AM ET)
The WisdomTree U.S. Quality Dividend Growth Index is a fundamentally weighted index that consists of dividend-paying stocks with growth characteristics. The primary starting screening universe for this index is the constituents of the WisdomTree U.S. Dividend Index with market capitalization of at least $2 billion. The Index is comprised of the 300 companies in the WisdomTree U.S. Dividend Index with the best combined rank of growth and quality factors. The growth factor ranking is based on long-term earnings growth expectations, while the quality factor ranking is based on three year historical averages for return on equity and return on assets. The Index is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year.
WisdomTree U.S. Quality Dividend Growth trades on the NASDAQ stock market under the symbol DGRW.
As of May 5, 2025, DGRW stock price declined to $78.48 with 516,114 million shares trading.
DGRW has a beta of 0.83, meaning it tends to be less sensitive to market movements. DGRW has a correlation of 0.93 to the broad based SPY ETF.
DGRW has a market cap of $14.63 billion. This is considered a Large Cap stock.
In the last 3 years, DGRW traded as high as $85.89 and as low as $53.69.
DGRW has underperformed the market in the last year with a price return of +9.0% while the SPY ETF gained +13.0%. However, in the short term, DGRW had mixed performance relative to the market. It has outperformed in the last 3 months, returning -5.4% vs -6.1% return in SPY. But in the last 2 weeks, DGRW shares have been beat by the market, returning +4.4% compared to an SPY return of +7.0%.
DGRW support price is $77.65 and resistance is $80.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DGRW shares will trade within this expected range on the day.