Overview
Tracks the Morningstar US Dividend Growth Index, screening for companies with at least 5 consecutive years of dividend growth and a payout ratio below 75%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MSFT | Microsoft Corp. | 3.8% |
| AAPL | Apple Inc. | 3.6% |
| JPM | JPMorgan Chase | 3.4% |
| JNJ | Johnson & Johnson | 3.2% |
| UNH | UnitedHealth Group | 3.1% |
| PG | Procter & Gamble | 2.9% |
| V | Visa Inc. | 2.8% |
| HD | Home Depot | 2.6% |
| ABBV | AbbVie Inc. | 2.5% |
| KO | Coca-Cola | 2.3% |
Fund Details
Investment Thesis
DGRO sits between SCHD and VIG in the dividend growth spectrum. The payout ratio screen eliminates dividend traps, while the 5-year growth requirement ensures consistency.
Who It's For
Income investors who want broad dividend growth exposure at the lowest possible cost. DGRO's wider universe of 400 holdings provides more diversification than SCHD while maintaining quality screens. Suitable for taxable accounts seeking qualified dividend income and investors in the accumulation phase building a dividend growth portfolio.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $28.42 | -- |
| 2017 | $34.18 | +20.3% |
| 2018 | $31.82 | -6.9% |
| 2019 | $39.84 | +25.2% |
| 2020 | $46.28 | +16.2% |
| 2021 | $58.42 | +26.2% |
| 2022 | $50.18 | -14.1% |
| 2023 | $57.82 | +15.2% |
| 2024 | $64.48 | +11.5% |
| 2025 | $69.82 | +8.3% |
| Year | Yield |
|---|---|
| 2016 | 2.28% |
| 2017 | 2.08% |
| 2018 | 2.28% |
| 2019 | 2.08% |
| 2020 | 1.92% |
| 2021 | 1.72% |
| 2022 | 2.12% |
| 2023 | 1.92% |
| 2024 | 1.82% |
| 2025 | 1.88% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2B | -- |
| 2017 | $4B | +100.0% |
| 2018 | $5B | +25.0% |
| 2019 | $8B | +60.0% |
| 2020 | $12B | +50.0% |
| 2021 | $19B | +58.3% |
| 2022 | $18B | -5.3% |
| 2023 | $24B | +33.3% |
| 2024 | $30B | +25.0% |
| 2025 | $32B | +6.7% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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