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股息策略已经获得了一个带有市场参与者的立足点，寻求潜在的表现优于和有吸引力的收益率。
虽然近年来，传统的高股息付款人强烈表现，但它们变得非常昂贵。以前的低利率环境为许多这些企业铺平了债务的方式，同时继续支付高股息。因此，许多这些公司可能会在速度上升时受到压力。
另一方面，股息增长历史的股票可以在潜在波动和速度上升的环境中提出一个引人注目的投资机会。拥有可持续和增长股息的公司的分配可以提供高质量的股票和更大的收入随着时间的推移。
这个论点超出了国内大帽股的传统领域。它还适用于小型和中型股票，也可以应用于国际市场。标准普尔高产股息贵族专门区旨在追踪一篮子的S＆P综合1500，每年至少增加其股息至少20年。
为什么股息种植者？
在盈利质量和杠杆率方面，股息增长股往往比更广泛的市场更高。
虽然包含在标准普尔高产股息贵族指数纳入中的障碍是股息的20秒，但指数平均为34.5岁。此外，还有八个成分，连续53多年的股息增加。
股息增长股也可能对市场参与者寻找纪律的公司，这些公司可以相对较好地享受困难的市场和经济环境。
特别是，股息种植者可以在看跌市场期间提供一些下行保护。看着1999年12月31日至2016年9月30日的时期，当市场（由标准普尔综合1500代表下降，标准普尔高产股息贵族表现出了标准普尔综合1500，以及标准普尔500次高股息指数平均每月165个BPS和每月54个BPS。
此外，股息增长策略可能会解决围绕高股份支付者在上升率环境中的担忧。由于重点增加股息而不是高产，因此股息种植者的表现与高股息付款人相比的价值因素较少。其次，与许多纯净产量策略不同，这往往集中在公用事业，消费者主食和财务等行业中，股息增长策略往往跨部门更多样化，扇区组成趋势趋于稳定。
总之，对于专注于美国股票的市场参与者，但担心波动性和速度上升的潜力，标准普尔高产股息辅助区可以提供股息增长解决方案。
S&P Dow Jones Indices contributors:
天寅成，副主任，战略指数
vinit srivastava，战略和波动指数负责人
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