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Vanguard Dividend Growth Inv Message Board

  • victor08091 victor08091 Aug 29, 2009 1:05 PM Flag

    Is not the time?

    I'd like to get into a large cap mutual fund that offers a flow of dividends... I'm tired of making 1.5% in online savings.
    This fund is up about 25% from its low in March and is priced just above $12. Is this too high? Where does everyone see this going in the next 2 to 5 years???

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    • I have held this for awhile..go to profile and you can see top 10 holdings..I have added to it on dips and market corrections over the years and is core holding for this date of reply, I expect some sort of correction to happen this year and would wait for that and buy then..Vanguards low fees another plus for real return..I have been very happy with this fund over the years...

      • 1 Reply to tonasket75
      • GROWING UP NEAR THE FAMOUS LEXINGTON-BATTLE green outside Boston, fund-manager Don Kilbride was drawn to the lore of the Revolutionary War. One Continental officer became a personal favorite: an unsung lieutenant of General George Washington's by the name of Nathanael Greene, a trusted associate who was described as cautious and thoughtful -- yet ready to take on any task. As Washington's quartermaster, Greene helped American troops survive the winter of 1777 at Valley Forge. He later led the Continental army's Southern campaign. "I look up to him as a man who was very focused on a single mandate and delivering on promises," says the head of the Vanguard Dividend Growth Fund (ticker: VDIGX).

        Kilbride, who's managed the $2.8 billion Vanguard fund since 2006 through its Boston subadvisor Wellington Management, has experienced the financial equivalent of battle. As chronicled in Barron's, the nation's largest corporations, including Citigroup (C), General Electric (GE) and CBS (CBS), laid siege to dividend payouts in the financial crisis. In 2008, according to Standard & Poor's analyst Howard Silverblatt, members of the S&P 500 announced 62 dividend cuts, slicing $40.6 billion from their payouts to shareholders. Last year, S&P 500 denizens reduced payouts 78 times, and slashed some $48 billion from funds distributed to shareholders.

        Yet the Vanguard manager survived in far better shape than many of his peers. As of Thursday, Vanguard Dividend Growth's five-year average annual total return of 3.09% topped the S&P 500 by 3.5 percentage points and ranked in the top 4% of Morningstar's tally for its group. Its 10-year annualized tally, 1.72%, bettered the large-cap benchmark by 2.8 percentage points and placed the fund in the top 21%.....

    • Don't know about this one, but my finance guy has me into Pimco Total Return (PTTCX).
      Less$, higher dividends and climbing.

    • Manager was featured in Barron's this week. Go get a copy and you can decide. It's a solid fund, but that's just MHO.

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