Summary of "미국주식 배당투자 풀버전, 이 영상하나로 끝!"

This video provides a comprehensive guide and analysis of U.S. dividend growth investing, focusing on identifying strong dividend-paying companies, categorizing dividend stocks, and selecting the best candidates for long-term investment. The presenter, Spam from Sophetv, emphasizes the importance of dividend growth rate, current dividend yield, and company fundamentals in building a robust dividend portfolio.

Main Financial Strategies and Insights

Dividend Growth Investing Overview:
- Investing in ETFs like SCHD is akin to investing in 100 dividend growth companies.
- However, individual companies like Lowe’s can outperform SCHD both in stock price appreciation and dividend payouts.
- Dividend growth companies are categorized into:
  - Achievers: 10+ years of consecutive dividend increases (~370 companies, e.g., Apple, Microsoft).
  - Aristocrats: 25+ years of dividend increases (68 companies).
  - Royalty Stocks: 50+ years of dividend increases (49 companies, e.g., Lowe’s).
Risk and Reward in Dividend Growth Stocks:
- Not all long-term dividend increasers are good investments (e.g., 3M’s stock price fell despite dividend growth).
- Important to analyze dividend growth rate, stock price trends, and company fundamentals rather than just dividend history.
- Companies with dividend growth rates barely above inflation may not be ideal.
Selection Methodology for Dividend Stocks:
Step-by-step filtering process:
- Start with companies that have increased dividends for 50+ years and are in the S&P 500 (28 companies).
- Filter out companies with:
  - Dividend yield below 2%.
  - Excessive stock price volatility (increase >25% or decrease >30% in last 2 years).
- Select companies with a 5-year average dividend growth rate above 10-15%.
- Further filters include:
  - Dividend payout ratio under 50% (to ensure sustainability).
  - Market capitalization above a certain threshold (to avoid volatility).
Top Dividend Growth Companies:
- Examples of strong dividend growth companies include Lowe’s (20.7% dividend growth rate, 2% yield), AbbVie, ASML, Medifast, Tractor Supply.
- ASML stands out with a 44% average annual dividend growth rate but has a low current yield (~1%).
- Medifast and Fidelity National Financial have high yields but volatile or declining fundamentals, requiring caution.
- Dividend aristocrats and royalty stocks like Lowe’s, AbbVie, and FB (AbbVie’s healthcare patent expiration noted as a risk) are highlighted.
Dividend Growth Rate and Compounding:
- Dividend growth compounds over time, significantly increasing income from dividends.
- Example: A company increasing dividends by 10% annually can more than double dividend income over a few years.
- Long-term holding is essential to benefit from compounding dividends.
Dividend Yield vs. Dividend Growth Trade-off:
- High current dividend yield stocks may offer immediate income but might have lower growth.
- High dividend growth stocks may have lower initial yield but offer higher income over time.
- The video compares investing in a “Royal Family” dividend stock vs. an ETF like SCHD, showing that dividend growth stocks can outperform in the long term, especially after 20+ years.
Sector and Company-Specific Insights:
- Lowe’s benefits from trends like increased home improvement due to more leisure time and remote work.
- Healthcare companies like AbbVie require monitoring due to patent expirations.
- Retail companies like Target are actively buying back shares and have solid dividend growth.
- Semiconductor equipment company ASML is a high-growth dividend payer with strong industry demand.
Dividend Timing and Monthly Income Strategy:
- By investing in companies with staggered dividend payout months (e.g., Lowe’s, Target, Illinois Tool Works), investors can receive dividends monthly.
- The average dividend yield of selected companies is about 2.26%, with a dividend growth rate of ~14.5%.
Cautions and Risks:
- High dividend yields can sometimes be a sign of falling stock prices or company troubles.
- Volatility and market cycles affect dividend stocks differently; cyclical sectors require careful timing.
- Continuous monitoring of sales, net income, and operating cash flow is crucial to ensure dividend sustainability.

Summary of Methodology for Selecting Dividend Growth Stocks

Start with a universe of dividend achievers (10+ years), aristocrats (25+ years), or royalty stocks (50+ years).
Filter criteria:
- Dividend yield > 2%
- Stable stock price (no extreme volatility: +/- 25-30% in last 2 years)
- Dividend payout ratio < 50%