The MP 63 Fund (DRIPX)
| Fund Assets | 90.59M |
| Expense Ratio | 0.72% |
| Min. Investment | $500 |
| Turnover | 17.74% |
| Dividend (ttm) | 1.63 |
| Dividend Yield | 5.60% |
| Dividend Growth | 99.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 29.08 |
| YTD Return | 6.33% |
| 1-Year Return | 5.06% |
| 5-Year Return | 47.00% |
| 52-Week Low | 24.77 |
| 52-Week High | 796.00 |
| Beta (5Y) | 0.83 |
| Holdings | 66 |
| Inception Date | Mar 2, 1999 |
About DRIPX
The MP 63 Fund, Inc. is an open-end mutual fund designed to provide long-term growth by investing predominantly in dividend-paying common stocks. Launched in 1999, the fund is structured to appeal to investors who value the discipline of a Dividend Reinvestment Plan (DRIP), favoring gradual accumulation of holdings in companies recognized for shareholder-friendly practices and robust dividend policies. The portfolio primarily consists of large-cap U.S. companies across diverse sectors including technology, industrials, financial services, and consumer staples. Notable holdings have included industry leaders such as Microsoft, Caterpillar, and Home Depot, reflecting a focus on stability and consistent dividend payments. The fund commits to maintaining at least 80% of its assets in firms that offer direct investment and dividend reinvestment features. With a relatively low expense ratio and modest portfolio turnover, The MP 63 Fund, Inc. emphasizes efficiency and long-term value, appealing to investors seeking exposure to established, dividend-generating companies without the need for frequent trading.
Performance
DRIPX had a total return of 5.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.80%.
Top 10 Holdings
26.91% of assets| Name | Symbol | Weight |
|---|---|---|
| The Travelers Companies, Inc. | TRV | 3.22% |
| Microsoft Corporation | MSFT | 3.17% |
| RTX Corporation | RTX | 2.95% |
| Waste Management, Inc. | WM | 2.84% |
| Alphabet Inc. | GOOGL | 2.68% |
| Caterpillar Inc. | CAT | 2.61% |
| Paychex, Inc. | PAYX | 2.50% |
| QUALCOMM Incorporated | QCOM | 2.36% |
| Corning Incorporated | GLW | 2.30% |
| NextEra Energy, Inc. | NEE | 2.28% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $1.62805 | Dec 27, 2024 |
| Dec 28, 2023 | $0.81563 | Dec 28, 2023 |
| Dec 29, 2022 | $1.08348 | Dec 29, 2022 |
| Dec 30, 2021 | $1.02601 | Dec 30, 2021 |
| Dec 30, 2020 | $0.86551 | Dec 30, 2020 |
| Dec 30, 2019 | $0.82342 | Dec 30, 2019 |