First-level investors are at it again, crowing that now is a great time to give the vaunted Dividend Aristocrats another look.
(You’ve probably heard of these darlings of the income world: they’re the 53 stocks that have hiked their dividends for 25 straight years or more.)
Desperate for a Deal
So why is now supposedly a great time to buy these payout poster boys?
Because according to a recent Barron’s article, the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), the passive fund that holds all 53 of these stocks, is trading at 18.1 times forecast earnings for this fiscal year. That’s below the average of 18.8 over the last three years.…