Is DMF or HDV a better dividend investment in 2026?

DMF currently yields 13.47% with a 5% 5-year dividend growth rate. HDV yields 2.92% with 4.8% growth. The better choice depends on your goal: DMF offers higher current income.

What is the dividend yield difference between DMF and HDV?

DMF has a forward dividend yield of 13.47% ($0.94/share annually). HDV yields 2.92% ($3.96/share annually). The yield gap is 10.55 percentage points.

Home › Compare › DMF vs HDV

DMF vs HDV: Dividend Comparison 2026

DMF yields 13.47% · HDV yields 2.92%● Live data

vsPost on X →

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

🏆 HDV wins by $2.2K in total portfolio value· pulled ahead in Year 5

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 →

HDV

iShares Core High Dividend ETF

● Live price

2.92%

Share price

$135.39

Annual div

$3.96

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$24.3K

Annual income

$352.73

Full HDV calculator →

Portfolio growth — DMF vs HDV

📍 HDV pulled ahead of the other in Year 5

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	HDV
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%.

📅

Dividend Calendar Overlap

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

DMF pays

HDV pays

Both pay

Neither

💰

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

HDV

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

$248.52/yr

After 10yr DRIP, annual income (after tax)

$299.82/yr

At 15% tax rate, HDV beats the other by $298.56/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

DMF: 50%HDV: 50%

100% HDV50/50100% DMF

Portfolio after 10yr

$23.2K

Annual income

$177.10/yr

Blended yield

0.76%

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

DMF buys

HDV buys

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

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

MetricDMFHDV

Forward yield	13.47% ✓	2.92%
Annual dividend / share	$0.94	$3.96 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	-50%	0% ✓
Portfolio after 10y	$22.1K	$24.3K ✓
Annual income after 10y	$1.48	$352.73 ✓
Total dividends collected	$1.4K	$3.2K ✓
Payment frequency	quarterly	quarterly
Sector	Stock	ETF

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

Year	DMF Portfolio	DMF Income/yr	HDV Portfolio	HDV Income/yr	Gap
1	$11,373	$673.35	$11,002	$292.38	+$371.00 → DMF
2	$12,527	$357.86	$12,084	$300.36	+$443.00 → DMF
3	$13,588	$184.19	$13,250	$308.02	+$338.00 → DMF
4	$14,633	$93.36	$14,506	$315.35	+$127.00 → DMF
5← crossover	$15,704	$46.98	$15,858	$322.35	$154.00 → HDV
6	$16,827	$23.56	$17,313	$329.04	$486.00 → HDV
7	$18,017	$11.80	$18,878	$335.42	$861.00 → HDV
8	$19,284	$5.90	$20,560	$341.49	$1.3K → HDV
9	$20,637	$2.95	$22,367	$347.25	$1.7K → HDV
10	$22,083	$1.48	$24,307	$352.73	$2.2K → HDV

DMF vs HDV: 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 →

HDV — ETF

The iShares Core High Dividend ETF seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities.

Full HDV Calculator →

📬

Get this DMF vs HDV comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

DMF vs SCHD DMF vs JEPI DMF vs O DMF vs KO DMF vs MAIN DMF vs VYM DMF vs DVY DMF vs SPHD

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