Core Viewpoint - The article discusses the performance of the dividend index, highlighting its annualized return of 11.31% and its varying performance across different market phases [2]. Performance Summary - From 2020 to early 2021, the growth style bull market saw dividend stocks underperforming the market, with lower gains compared to the overall market [3]. - From early 2021 to 2024, during a bear market phase, dividend stocks demonstrated relative stability and are expected to reach historical highs in the second half of 2024 [3]. - The period from 2025 to early February 2026 is anticipated to be a bull market, suggesting potential for growth in dividend stocks [3].