The S&P 500 Dividend Aristocrats ($NOBL) uses the S&P 500 as its basis and targets the index’s components that have increased their dividends annually for at least the past 25 years. The benchmark includes a minimum of 40 names and be equal weighted with no individual sector comprising more than 30% of the fund’s assets.

This index should form a major part of your long term portfolio for its multi-decade dividend payout track record.

Shorter term, it is likely to trade up to $59 & slightly above before hitting long term channel resistance.

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