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When it comes to great dividend shares, there are two key factors that I consider. The obvious one is the income generation, usually observed by the dividend yield. The second factor is the share price performance over a period of time. Here are two stocks I’ve noted that are both above average when compared to the main index.
Insuring profitability
Firstly, let’s establish the benchmark. The average dividend yield for the FTSE 100 is 3.55%. The index is up 8.61% over the past year. So, ideally, I need to select shares that are ahead of both of these metrics. If not, then I’m better off investing in a tracker fund that distributes the income.
One stock that is well ahead of this is Aviva (LSE:AV). The insurance and wealth management provider has a current yield of 7.13%, with the stock also up by 17% over the past year.
In the H1 2024 report, it recorded double-digit…
