Is DMF or DGRO a better dividend investment in 2026?

DMF currently yields 13.47% with a 5% 5-year dividend growth rate. DGRO yields 2.13% with 9.5% growth. The better choice depends on your goal: DMF offers higher current income.

What is the dividend yield difference between DMF and DGRO?

DMF has a forward dividend yield of 13.47% ($0.94/share annually). DGRO yields 2.13% ($1.47/share annually). The yield gap is 11.34 percentage points.

Home › Compare › DMF vs DGRO

DMF vs DGRO: Dividend Comparison 2026

DMF yields 13.47% · DGRO yields 2.13%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 DGRO wins by $9.5K in total portfolio value· pulled ahead in Year 2

INVESTMENT

TIME HORIZON10 years

DMF

● Live price

13.47%

Share price

$6.98

Annual div

$0.94

5Y div CAGR

-50%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$22.1K

Annual income

$1.48

Full DMF calculator →

DGRO

iShares Core Dividend Growth ETF

● Live price

2.13%

Share price

$68.98

Annual div

$1.47

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$31.6K

Annual income

$239.96

Full DGRO calculator →

Portfolio growth — DMF vs DGRO

📍 DGRO pulled ahead of the other in Year 2

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	DMF	DGRO
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, DMF + DGRO cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

DMF pays

DGRO pays

Both pay

Neither

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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

DMF

Annual income on $10K today (after 15% tax)

$1,144.70/yr

After 10yr DRIP, annual income (after tax)

$1.26/yr

DGRO

Annual income on $10K today (after 15% tax)

$181.24/yr

After 10yr DRIP, annual income (after tax)

$203.97/yr

At 15% tax rate, DGRO beats the other by $202.71/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

What's the optimal mix of DMF + DGRO for your $10,000?

DMF: 50%DGRO: 50%

100% DGRO50/50100% DMF

Portfolio after 10yr

$26.9K

Annual income

$120.72/yr

Blended yield

0.45%

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

DMF buys

DGRO buys

No recent congressional trades found for DMF or DGRO in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricDMFDGRO

Forward yield	13.47% ✓	2.13%
Annual dividend / share	$0.94	$1.47 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	-50%	0% ✓
Portfolio after 10y	$22.1K	$31.6K ✓
Annual income after 10y	$1.48	$239.96 ✓
Total dividends collected	$1.4K	$2.3K ✓
Payment frequency	quarterly	quarterly
Sector	Stock	ETF

Year-by-year: DMF vs DGRO ($10,000, DRIP)

Year	DMF Portfolio	DMF Income/yr	DGRO Portfolio	DGRO Income/yr	Gap
1	$11,373	$673.35	$11,293	$213.22	+$80.00 → DMF
2← crossover	$12,527	$357.86	$12,730	$217.32	$203.00 → DGRO
3	$13,588	$184.19	$14,326	$221.10	$738.00 → DGRO
4	$14,633	$93.36	$16,098	$224.56	$1.5K → DGRO
5	$15,704	$46.98	$18,064	$227.74	$2.4K → DGRO
6	$16,827	$23.56	$20,246	$230.65	$3.4K → DGRO
7	$18,017	$11.80	$22,666	$233.30	$4.6K → DGRO
8	$19,284	$5.90	$25,349	$235.73	$6.1K → DGRO
9	$20,637	$2.95	$28,325	$237.94	$7.7K → DGRO
10	$22,083	$1.48	$31,624	$239.96	$9.5K → DGRO

DMF vs DGRO: Complete Analysis 2026

DMF — Stock

BNY Mellon Municipal Income, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Municipal Income, Inc. BNY Mellon Municipal Income, Inc. was formed on October 24, 1988 and is domiciled in the United States.

Full DMF Calculator →

DGRO — ETF

The iShares Core Dividend Growth ETF seeks to track the investment results of an index composed of U.S. equities with a history of consistently growing dividends.

Full DGRO Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.