It is not an either or, in my view. I think well constructed DG portfolio will have some of both - and some high yield, high growth companies like LMT as well.
There are many utilities and REITs on the Dividend Champions, Contenders and Challengers list. It is a good place to start a search for higher yield, acceptable growth and number of years of dividend increases. These are dividend growth companies. There is no set percentage a company has to hit in order to be a dividend growth company, it just needs to have a history of increasing the dividend. One could certainly use the Chowder number to set theor own, personal definition.
Me, I have a couple of what I call emerging DGR companies - a history of fewer than 3 years of increases
There are many utilities and REITs on the Dividend Champions, Contenders and Challengers list. It is a good place to start a search for higher yield, acceptable growth and number of years of dividend increases. These are dividend growth companies. There is no set percentage a company has to hit in order to be a dividend growth company, it just needs to have a history of increasing the dividend. One could certainly use the Chowder number to set theor own, personal definition.
Me, I have a couple of what I call emerging DGR companies - a history of fewer than 3 years of increases