Bullish on $PEY: dividend plus appreciation tilt — ~4% yield with ~8.1% dividend growth.
PEY is pitched as a combined dividend and dividend-growth plus equity-price appreciation strategy, paying around ~4% with about ~8.1% dividend growth on average over the last decade (as stated).
The thesis is that PEY screens not only for consistent dividend increases but also for dividend growth alongside stock-price appreciation. The disclosed ~4% dividend yield and ~8.1% average dividend growth make it an income approach designed to benefit from both cash flow and valuation support.
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