DGRO
DGRO Research
iShares Core Dividend Growth ETF
1.76%
Forward yield
$1.324 / yr per share
Yield percentile (5y)
P 4
2.0% (P10)2.2% (med)2.4% (P90)
Expense ratio
0.08%
Growth-screened ETF · annual cost
Annual / share
$1.324
Quarterly · next ex-date 06-16 (12d)
vs 5y P90 reference
+18%
$75.35 vs $62.00 (5y P90 price)
Refreshed 2026-06-04Data coverage High — 13y history
01Fundamentals
DGRO offers a robust dividend growth framework, screening ~430 US stocks for 5+ consecutive years of growth and excluding top 10% highest-yielding stocks, all for a low 0.08% expense ratio. While its 2.00% forward yield significantly lags the 4.2% SGOV risk-free rate, the fund boasts a strong 17.00%/yr 5-year distribution growth and 13 consecutive years of distributions.
Bull caseThe fund's methodology, screening for 5+ years of dividend growth and avoiding yield traps, coupled with a 17.00%/yr 5-year distribution growth and a very low 0.08% expense ratio, ensures durable income growth from a diversified portfolio with 26.5% top 10 concentration.
Bear caseThe 2.00% forward yield is notably below the 4.2% SGOV risk-free rate, meaning investors sacrifice significant current income for equity exposure, and the methodology's exclusion of REITs removes a key high-yield asset class for some income mandates.
02Holdings & methodology
| Expense ratio | 0.08% |
| Top 10 concentration | 26.5%10 holdings shown |
| Distribution frequency | quarterly13 consecutive years |
| 5y distribution growth (DGR) | 17.00% / yr |
| Equity position | 99.75%remainder in cash / bonds |
Top 10 holdings
| AVGOBroadcom Inc | 3.2% |
| JPMJPMorgan Chase & Co | 3.0% |
| AAPLApple Inc | 2.9% |
| MSFTMicrosoft Corp | 2.9% |
| XOMExxon Mobil Corp | 2.9% |
| JNJJohnson & Johnson | 2.6% |
| ABBVAbbVie Inc | 2.5% |
| UNHUnitedHealth Group Inc | 2.3% |
| PGProcter & Gamble Co | 2.1% |
| PMPhilip Morris International Inc | 1.9% |
Sector weights (top 6 non-zero)
| financial services | 21.1% |
| technology | 19.4% |
| healthcare | 16.5% |
| consumer defensive | 11.5% |
| industrials | 10.8% |
| utilities | 6.9% |
Selection methodology
- Growth screen
- ✓requires dividend growth in selection rule
- Quality screen
- Payout ratio < 75% + positive earnings + exclude top 10% highest-yielding (yield-trap filter)
- Continuity requirement
- ≥ 5 years of consecutive dividend growth
- Excludes
- REIT
- Weighting
- Dividend dollar-weighted within sector constraints
- Rebalanced
- Annually with quarterly review
Tracks the Morningstar US Dividend Growth Index. Selects ~430 US stocks with at least 5 consecutive years of dividend growth, payout ratio below 75%, positive earnings, and excludes the top 10% highest-yielding stocks (filtering yield traps). Dividend dollar-weighted within sector constraints. No REITs.Methodology source: BlackRock iShares / Morningstar · refreshed 2026-05
03Price reference
$10,000at current price →$176/ yr in dividends
Math: 1.76% forward yield. Historical 5y DGR is 17.0%/yr — past growth does not guarantee future results.
Below are statistical price references from the last 5 years of trading, anchored to historical drawdown events. They describe where the price has been — not where it should be.
$44.44
$62.00
$75.35
5y P10
5y P90
Now
| Current price | $75.35 |
| 5y P90 reference (high-yield 10% tail) | $62.00 — 17.7% lower |
| 5y P10 reference (low-yield 10% tail) | $44.44 — 41.0% lower |
| 5y max observed yield (at P10 price) | 2.6% |
| Annual dividend (frozen forward) | $1.324 / share · 1.76% yield |
Historical anchor · 2020-03 COVID Sell-off
Low $24.15 · drawdown 837 days · yield reached 3.4%
COVID pandemic triggered global liquidity panic, market plunged 34% in 3 weeks
Important — this is reference data, not investment advice.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.