Target Annual Yield: 6% at purchase
Designed for clients who want to maximize current income.
The High Dividend portfolio by Pier LLC consists of companies that pay a strong dividend with a history of increasing dividends. The three-year average annual dividend growth rate is 3.6%.
It is comprised of three groups of investments. The first group of stocks have high yield and moderate risk. The second group consists of companies with slow, steady growth and a solid record of profits and dividends (such as utility companies.) The last group is companies with a long history of increasing dividends.