0% found this document useful (0 votes)
37 views9 pages

Many Choices of US Dividend ETFs PDF

There are currently more than 90 dividend focused US ETFs with over $450 billion under management. If you are seeking dividend income from your ETFs, which should you take a close look at? That’s the objective of the analysis in today’s research blog entry. Some of the funds have higher performance, or higher income, but rarely both. Some have much more attractive fees than others. Data on 15 major dividend oriented ETFs are compared and analyzed. BLOG.VALUENGINE.COM for more research articles.

Uploaded by

ValuEngine.com
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
37 views9 pages

Many Choices of US Dividend ETFs PDF

There are currently more than 90 dividend focused US ETFs with over $450 billion under management. If you are seeking dividend income from your ETFs, which should you take a close look at? That’s the objective of the analysis in today’s research blog entry. Some of the funds have higher performance, or higher income, but rarely both. Some have much more attractive fees than others. Data on 15 major dividend oriented ETFs are compared and analyzed. BLOG.VALUENGINE.COM for more research articles.

Uploaded by

ValuEngine.com
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

‭ 2/13/2024 ValuEngine.

com Blog‬
1
‭The Many Choices of US Dividend ETFs‬
‭ s classified by ETF Database (etfdb.com) by VettaFi, there are currently 92 dividend‬
A
‭focused US ETFs with nearly $460 billion under management. If you are seeking‬
‭dividend income from your ETFs, which should you take a close look at? That’s the‬
‭objective of the analysis in today’s research blog entry.‬

‭All 5,200+ stocks US and Canadian stocks, 16 sector groups, 200+ industries, and 600+ ETFs‬
‭have been updated:‬

‭Two-week free trial:‬‭www.ValuEngine.com‬

‭ETFdb divides these ETFs into subcategories as shown by this pie chart:‬

‭ he largest category is large cap ETFs, constituting about 45% of the total. Next in line‬
T
‭are all-cap dividend ETFs which includes small- and mid-cap dividend-paying stocks but‬
‭their allocations still tend to be dominated by large cap stocks. I was somewhat‬
‭surprised to find that there are as many as 20 small cap dividend ETFs since most‬
‭people think of small cap stocks as rarely paying dividends. The fact that there are five‬
v‭ olatility hedged dividend ETFs, tailored for risk-averse dividend investors seems more‬
‭intuitive. Finally, the other category includes international stocks, midcaps, sectors and‬
‭leveraged ETFs.‬

‭ his analysis starts with the top 10 dividend-focused ETFs ranked by Assets Under‬
T
‭Management (AUM).‬

‭Here is a brief description of each with the help of ETFdb:‬

‭Current ValuEngine reports on all covered stocks and ETFS can be viewed‬‭HERE‬

‭ anguard Dividend Appreciation Fund‬‭(‬‭VIG‬‭) - tracks‬‭the performance of‬


V
‭the NASDAQ US Dividend Achievers Select Index.‬‭VIG‬‭offers exposure to dividend‬
‭paying large-cap US companies that exhibit growth characteristics. Securities are‬
‭chosen for inclusion in the fund based on their history of increasing dividends; only‬
‭companies that have increased payouts for at least ten consecutive years are included‬
‭in the fund. This methodology focuses more on dividend safety and steady growth of‬
‭companies likely to have accompanying price appreciation that keeps dividend yield‬
‭stable rather than high current yield. This is an excellent strategy for buy-and-hold‬
‭investors that wish to reduce price volatility and increase holdings’ quality, but not so‬
‭good for high current dividend yield. As a result,‬‭VIG‬‭has a dividend yield of 1.7%, just‬
‭slightly higher than‬‭SPY‬‭(the SPDR Trust ETF representing‬‭the S&P 500), but with‬
‭higher potential for capital preservation in a bear market.‬

‭ chwab US Dividend Equity ETF‬‭(‬‭SCHD‬‭) - offers exposure‬‭to dividend-paying U.S.‬


S
‭equities, making SCHD a potentially useful tool for either enhancing current returns‬
‭derived from the equity portion of a portfolio or for scaling back risk exposure within a‬
‭portfolio. The underlying index methodology requires a long track record of distributions,‬
‭meaning that‬‭SCHD‬‭is unlikely to include speculative‬‭firms that are offering an attractive‬
‭distribution yield because their stock price has been depressed. The methodology also‬
‭considers multiple metrics, including dividend growth and dividend yield, resulting in a‬
‭portfolio that generally offers an above average payout ratio. Its current yield of 3.5%‬
‭ranks second highest among the top 10.‬
‭ anguard High Dividend Yield Index‬‭(‬‭VYM‬‭) - is linked‬‭to the FTSE High Dividend Yield‬
V
‭Index, which offers exposure to dividend paying large-cap companies that exhibit value‬
‭characteristics within the U.S. equity market.‬‭VYM‬‭is‬‭linked to an index consisting of‬
‭roughly 440 holdings and exposure is tilted most heavily towards consumer, energy, and‬
‭industrials. Securities are chosen for inclusion in the fund based on their current yield;‬
‭only the highest yielding companies are chosen. Thanks to this focus, ‬‭VYM‬‭offers‬
‭investors broad exposure to dividend paying companies. Its current dividend yield of‬
‭2.8% ranks it fourth highest out of 10 in this group.‬
i‭Shares Core Dividend Growth Index ETF‬‭(‬‭DGRO‬‭) - tracks an index of US stocks that‬
‭are selected by dividends, dividend growth and payout ratio, then weighted by dividend‬
‭dollars. The focus on dividend growth rather than yield makes it more similar to‬‭VIG‬‭and‬
‭NOBL‬‭(description further down). Its current 2.2%‬‭dividend yield represents the median‬
‭for this group.‬
‭ PDR S&P Dividend ETF (‬‭SDY‬‭)‬‭- is linked to the S&P‬‭High Yield Dividend Aristocrats‬
S
‭Index, which offers exposure to dividend paying large-cap companies that exhibit value‬
‭characteristics within the U.S. equity market. Securities are chosen for inclusion in the‬
‭fund based on their current yield; only the highest yielding companies are chosen, and‬
‭these firms must have increased dividends every year for at least 25 consecutive years.‬
‭Its current yield is 2.4%.‬
i‭Shares Select Dividend ETF (‬‭DVY‬‭)‬‭- is linked to‬‭a Dow Jones index that screens the‬
‭equity universe by factors such as dividend per share growth rate, dividend payout‬
‭percentage rate, and dividend yield.‬ ‭DVY‬‭can be used‬‭as a long-term strategic holding‬
‭as its 100 stock portfolio is well balanced from a sector perspective. It also may serve‬
‭as a tactical tool, shifting holdings towards companies that will often exhibit lower‬
‭volatility in certain environments. It offers a competitive yield of 3.4% currently.‬
‭ chwab Fundamental US Quality Large Company ETF‬‭(‬‭FNDX‬‭)‬‭– is linked to the RAFI‬
S
‭Fundamental High Liquidity Index. It is a non-price-weighted index strategy that aims to‬
‭deliver excess returns versus the cap-weighted benchmark. This “smart beta” strategy,‬
‭also referred to as “contrarian rebalancing,” uses fundamental measures of company‬
‭size to select and weight to systematically rebalance against “overbought” stocks and‬
‭toward undervalued ones. This combination currently results in a yield of 4.2%, highest‬
‭in the group.‬
‭ isdom Tree US Quality Dividend Growth Fund‬‭(‭D
W ‬ GRW‬‭)‬‭- tracks the performance of‬
‭an index that invests in large- and mid-cap dividend-paying US common stocks with‬
‭growth characteristics. With a current dividend yield of just 1.5% that is just equal to that‬
‭of‬‭SPY‬‭, this ETF fits in the quality-first, low-volatility‬‭second category along with‬‭VIG‬
‭and‬‭NOBL.‬ ‭This conservative strategy does not deliver‬‭high income but ranks strongly‬
‭for capital preservation and low price volatility.‬
‭ irst Trust Rising Dividend Achievers ETF‬‭(‬‭RDVY‬‭) –‬‭tied to the NASDAQ US Rising‬
F
‭Dividend Achievers Index,‬‭RDVY‬‭is comprised of securities‬‭that have increased their‬
‭dividend value over the previous three year and five year annual periods, while being‬
‭best positioned to continue the dividend increases. Eligible securities receive 3 ranks:‬
‭by five year dollar dividend increase; by current dividend yield; and by payout ratio.‬
‭Those ranks are equally combined and the top 50 stocks comprise the portfolio. Its‬
‭current dividend yield is the second lowest of the group at 1.7%.‬
‭ roShares S&P 500 Dividend Aristocrats ETF‬‭(‭N
P ‬ OBL‬‭) is tied to the oldest in-use index‬
‭to institutionalize the rising-every-year-for-25-years methodology now mimicked by so‬
‭many others. The twist is that it is equally-weighted, and no sector can comprise more‬
‭than 30% of the portfolio. The methodology keeps NOBL diversified across most‬
‭segments of the economy. Its current yield is 2.0%.‬
‭The table below shows how the ETFs compare in eight different categories.‬
‭Current ValuEngine reports on all covered stocks and ETFS can be viewed‬‭HERE‬

‭ anked by assets under management, ranging from $20 Billion to $80 Billion, the top 10‬
R
‭ETFs are all in either the large cap or the all-cap categories, Within the categories,‬
‭however, are three different “smart beta” strategies. The current dividend yield for the‬
‭top 10 has a fairly high range, from 1.5% to 4.2%.‬
‭ ix of the 10, Wisdom Tree US Quality Dividend Growth Fund (‬‭DGRW‬‭), First Trust‬
S
‭Dividend Achievers (‬‭RDVY‬‭), Vanguard Dividend Appreciation ETF (‬‭VIG‬‭), ProShares‬
‭S&P 500 Dividend Aristocrats (‬‭NOBL‬‭), iShares Core‬‭Dividend Growth ETF (‬‭DGRO‬‭)‬
‭and SPDR S&P Dividend (‬‭SDY‬‭) focus on dividend stream‬‭consistency and/or steady‬
‭dividend growth. These ETFs tend to distribute less income than ETFs focused primarily‬
‭on high dividend yield.‬

‭ lternatively, Vanguard High Dividend Yield (‬‭VYM‬‭)‬‭and iShares Select Dividend ETF‬
A
‭(‬‭DVY‬‭) focus primarily on aggregating high current‬‭dividend yield companies using‬
‭different weighting rules. Finally, Schwab US Dividend Equity ETF (‬‭SCHD‬‭) and Schwab‬
‭Fundamental Large Company ETF (‬‭FNDX‬‭) focus on high‬‭dividend paying companies‬
‭that pass fundamental quality screens to identify value stocks. The last category‬
‭delivered the highest current dividend yields amongst this group.‬

‭ anking by recent price performance, the ETFs with the two lowest dividend yields‬
R
‭ranked first in the three price return categories‬ ‭RDVY‬‭has enjoyed the highest‬
‭year-to-date price gain of 22% as well as the highest 1-month price gain of nearly 3%.‬
‭DGRW‬‭, holding up the best in 2022, has the best 3-year‬‭annualized gain of 11.6%.‬
‭FNDX‬‭and‬‭DVY‬‭also finished in the top four in all‬‭three time frames. On the other end‬
‭of the spectrum, the worst one month loss, -2.8%, was posted by‬‭SDY‬‭, just below the‬
‭-2.7% posted by‬‭NOBL‬‭. The latter posted the lowest‬‭return on a year-to-date basis as‬
‭well as for the 3-year period.‬

‭ ne thing that struck me as unexpected is that ranking the list of ETFs by AUM did not‬
O
‭closely mimic the list’s ranking by average daily Trading dollar volume. For example,‬
‭VIG‬‭, ranked #1 by AUM, ranked just 4th in daily volume.‬‭Meanwhile‬‭DGRO‬‭ranked 4‬‭th‬ ‭in‬
‭AUM but 2‬‭nd‬ ‭in trading volume.‬ ‭SCHD,‬‭second to‬‭VIG‬‭in assets under management, is‬
‭the trading volume titan by a six-to-one margin over second-place‬‭DGRO‬‭and roughly‬
‭12-to-1 versus‬‭VIG‬‭, the AUM leader.‬

‭ rom a volatility lens, there is little difference amongst 8 of the 10 ETF with price‬
F
‭volatility betas between 0.84 and 0.89. As expected, the eight ETFs exhibit‬
‭below-average volatility in response to market movements.‬‭FNDX‬‭exhibits price volatility‬
‭identical to‬‭SPY‬‭at 1.00. The real outlier in volatility‬‭is‬‭RDVY‬‭with a Beta of 1.15‬
‭indicating it will respond to market moves with 15% greater volatility.‬

‭ DVY‬‭is also the outlier in the wrong direction on‬‭expense ratio, by far the highest at‬
R
‭0.49%. The five other “smart beta” ETFs have expense ratios between 0.25% and‬
‭0.38%.‬ ‭FNDX‬‭by Schwab has the low end of that range‬‭and‬‭DVY‬‭by iShares has the‬
‭high end. The three ETFs with the highest amount of assets under management also‬
‭have the lowest expense ratios that most large institutions prefer, 0.06%. These include‬
‭Vanguard’s‬‭VIG‬‭, Schwab’s‬‭SCHD‬‭and Vanguard’s‬‭VYM.‬‭Just behind these three in‬
‭AUM,‬‭DGRO‬‭by iShares‬ ‭has a fee of 0.08%.‬
‭ ow that we’ve thoroughly covered the past, what lies ahead? According to‬
N
‭ValuEngine’s predictive model, indicated by the VE Rating column in the table above,‬
‭DVY‬‭is ranked highest in projected price performance‬‭with‬‭5‬‭(Strong Buy).‬ ‭VYM‬‭and‬
‭FNDX‬‭are also ranked highly with ranks of‬‭4‬‭(Buy).‬ ‭Please visit the reports on these‬
‭three to learn more. On the other end of the spectrum, despite strong performance in‬
‭the two most recent periods,‬‭RDVY‬‭gets our lowest‬‭predictive rating of‬‭1‬‭(Strong Sell).‬
‭AUM leader‬‭VIG‬‭and #10 in AUM‬‭NOBL‬‭are also ranked‬‭as having below average price‬
‭gain prospects with‬‭2‬‭(Sell) ratings.‬ ‭SCHD‬‭,‬‭DGRO‬‭and‬‭SDY‬‭are all rated‬‭3‬‭(Hold)‬
‭which is in the middle of the spectrum.‬

‭ eyond the top 10, are there any US Stock ETFs that give investors a chance at higher‬
B
‭yields without using options, futures or swaps? The answer is yes so let’s take a quick‬
‭look at 5 smaller high-dividend-yield ETFs as ranked by yield and screened to include‬
‭only ETFs without derivatives or foreign stocks.‬

‭Current ValuEngine reports on all covered stocks and ETFS can be viewed‬‭HERE‬

I‭nvesco KBW High Dividend Yield Financial ETF‬‭(‬‭KBWD‬‭)‬‭is a financial sector ETF only‬
‭in the broadest interpretation of the term. It invests primarily in Business Development‬
‭Companies (BDCs) and Special Purpose Acquisition Companies (SPACs). Both are‬
‭highly speculative and are at least as prone to capital depreciation than appreciation.‬
‭As such, this highest yielding ETF in the category is NOT recommended to most‬
‭investors for further research except for the most speculative in search of yield.‬

I‭nvesco S&P Small Cap High Dividend Low Volatility ETF‬‭(‭X‬ SHD)‬‭tracks an index of 60‬
‭dividend-paying U.S. small-caps which are less susceptible to market swings. In doing‬
‭so, it combines three smart beta factors.‬

‭ lobal X Super Dividend ETF‬‭(‬‭DIV‬‭) accesses 50 of the‬‭highest dividend paying equities‬


G
‭in the US subject to a volatility screen based on beta.‬

‭ ranklin US Low Volatility High Dividend Index ETF‬‭(‭L


F ‬ VHD‬‭) tracks an index of roughly‬
‭50-100 US stocks selected from across the market cap spectrum. Stocks are selected‬
‭and weighted to emphasize profitability, high dividends, low price volatility and low‬
‭earnings volatility.‬

I‭nvesco High Yield Equity Dividend Achievers ETF‬‭(‬‭PEY)‬‭focuses on‬‭a select group of‬
‭companies that have a solid track record as a source of consistent dividends and may‬
‭offer attractive current yields relative to the broader market. Stocks are selected based‬
‭on dividend yield and consistent dividend growth, resulting in a portfolio that should‬
‭exhibit a beta less than 1.0 along with a high dividend yield.‬
‭Once again, the table below shows how the ETFs compare in eight different categories.‬

‭ vg.‬
A ‭ E‬
V ‭‬
1 ‭ TD‬
Y ‭ Year‬
3 ‭Div‬
‭Daily‬ ‭Ratin‬ ‭Month‬ ‭Price‬ ‭Return‬ ‭ xp.‬
E ‭ ield‬
Y
‭Sym‬ ‭Name‬ ‭Vol‬ ‭g‬ ‭Return‬ ‭Change‬ ‭s‬ ‭Ratio‬ ‭%‬ ‭Beta‬
I‭nvesco KBW High‬
‭Dividend Yield‬
‭KBWD‬ ‭Financial ETF‬ ‭163,432‬ ‭3‬ ‭0.08%‬ ‭6.15%‬ ‭0.55%‬ ‭2.02%‬ ‭12.0%‬ ‭1.40‬
‭Invesco S&P‬
‭SmallCap High‬
‭Dividend Low‬
‭ SHD‬ ‭Volatility ETF‬
X ‭51,809‬ ‭-‬ ‭-0.85%‬ ‭-2.20%‬ ‭-6.27%‬ ‭0.30%‬ ‭7.3%‬ ‭1.14‬
‭ lobal X‬
G
‭SuperDividend‬
‭DIV‬ ‭U.S. ETF‬ ‭142,268‬ ‭2‬ ‭0.89%‬ ‭14.99%‬ ‭3.83%‬ ‭0.45%‬ ‭5.8%‬ ‭1.02‬
‭Franklin U.S. Low‬
‭Volatility High‬
‭Dividend Index‬
‭LVHD‬ ‭ETF‬ ‭48,303‬ ‭4‬ ‭-0.95%‬ ‭15.26%‬ ‭6.28%‬ ‭0.27%‬ ‭4.7%‬ ‭0.76‬
I‭nvesco High Yield‬
‭Equity Dividend‬
‭PEY‬ ‭Achievers ETF‬ ‭183,939‬ ‭5‬ ‭-0.02%‬ ‭8.97%‬ ‭7.72%‬ ‭0.53%‬ ‭4.6%‬ ‭0.87‬

‭Current ValuEngine reports on all covered stocks and ETFS can be viewed‬‭HERE‬

‭ he first thing that struck me looking at this table is how much the expense ratio of The‬
T
‭Invesco KBW High Dividend Yield ETF (‬‭KBWD‬‭) is out‬‭of whack with all the other ETFs.‬
‭This is because special vehicles such as BDCs are already managed companies, and‬
‭the 2.02% ER accumulates the fees charged by Invesco with the acquired fund fees.‬
‭The 12.0% yield is certainly attractive and its historical returns for the three time frames‬
‭combined with that yield would certainly be acceptable going forward if that were a‬
‭reasonable expectation. The problem is that BDCs, SPACs and REITs are more‬
‭vulnerable to recession than companies in most other sectors and it is not uncommon to‬
‭see many companies in these categories simply go out of business. The credit risk and‬
‭leverage ratios are through the roof on these entities. Its beta of 1.40 shows how much‬
‭higher its volatility is during good times. It would be even higher in a recession. On the‬
‭other hand, if no recession comes in the next two years, then the total returns including‬
‭the income are very attractive. The ValuEngine model currently rates‬‭KBWD‬‭to perform‬
‭in line with the market. Its rating is 3 (Hold).‬
‭ SHD‬‭has been this group’s worst performer in all three periods. The ultra-high‬
X
‭dividend yield and the relatively low expense ratio enhance its appeal somewhat.‬
‭However, it’s been the worst performer of the group in the past five years. Its projected‬
‭future performance is also subpar according to ValuEngine’s model with a‬‭2 (‬‭Sell)‬
‭rating. It’s also disconcerting to see an ETF with “Low Volatility” in its name with a beta‬
‭that is 14% above the market.‬

‭ he Global X SuperDividend US ETF (‬‭DIV‬‭) combines an‬‭excellent track record during‬


T
‭the free time frames measured that is even more impressive when it is combined with a‬
‭well-above average dividend yield of 5.8%. Another plus for investors looking to use‬‭DIV‬
‭to generate income is that it pays its dividend monthly rather than quarterly. For an ETF‬
‭with a volatility screen a beta of 1.02 indicates slightly more volatility than the S&P 500,‬
‭which is not what one would expect. And as ETFdb notes, an Expense Ratio of 0.45%‬
‭seems a bit excessive compared to current industry norms for an ETF with a simple‬
‭index algorithm and no special data. Our predictive model ranks it below average. Its‬
‭ValuEngine rating is‬‭2‬‭(Sell).‬

‭ he next two ETFs are more interesting to our predictive model even though the yields‬
T
‭are lower. Franklin Templeton’s Franklin U.S. Low Volatility High Dividend Index ETF‬
‭(‬‭LVHD‬‭) is performing quite well with a very low fee‬‭ratio of 0.27% for an ETF that‬
‭combines smart beta factors. Although it was the group’s worst performer on a 1-month‬
‭basis, it is the best performer year-to-date, and it is the second best performer for the‬
‭three-year period. Its 4.7% dividend yield is higher than any of the ETFs we looked at in‬
‭the earlier group of 10 which topped out with 4.2% by Schwab’s‬‭FNDX.‬ ‭Its beta of 0.76‬
‭makes it the least volatile of all 15 dividend-focused ETFs reviewed here. Its‬
‭ValuEngine rating is‬‭4‬‭(Buy). The only caution flag‬‭is that its average daily dollar trading‬
‭volume is the lowest among the 15 with an average of just above 48,000 shares per‬
‭day. Therefore, it is not the type of ETF you want to trade in and out of, but it should be‬
‭fine for a long-term buy-and-hold in a strategic equity allocation. I always advise to use‬
‭limit orders when purchasing ETFs to ensure you are getting a price close to Net Asset‬
‭Value. That rule would especially apply here. The underlying stocks are very liquid so if‬
‭the bid-ask spread looks wide and you are purchasing 500 shares or more, use the‬
‭number on the ETFs prospectus to call the fund. They may be able to get a market‬
‭maker to get you a price at NAV. Beyond liquidity,‬‭LVHD‬‭appears to be a solid candidate‬
‭to investigate for dividend investors. Its ValuEngine rating is‬‭4‬‭(Buy).‬

‭ inally, the Invesco High Yield Dividend Achievers ETF (‬‭PEY‬‭) uses a multifactor smart‬
F
‭beta index by Research Affiliates from an index family they call RAFI. The F stands for‬
‭fundamental-weighting and tilts toward undervalued stocks with low price volatility. Its‬
‭3-year annualized return of 7.72% is tops in this ultra-high dividend group. It also has‬
‭the highest possible ValuEngine rating of‬‭5‬‭(Strong‬‭Buy) for projected performance to‬
‭go along with a dividend yield of 4.6%. Its unusual methodology is worthy of reading‬
‭more about before considering any action on‬‭PEY.‬ ‭Its fee structure for an indexed ETF‬
i‭s very high at 0.59%. However, the intricate weighting scheme and need to purchase,‬
‭vet and process fundamental data may justify that fee in an investor’s eyes. As with‬
‭everything else in investing, tradeoffs must be considered before making decisions.‬

‭Financial Advisory Services based on ValuEngine research available:‬


‭www.ValuEngineCapital.com‬

‭ aving reviewed 15 of the 92 dividend focused ETFs, I hope this gives many readers a‬
H
‭good window for what to look for in evaluating these products. To recap, the most‬
‭timely ETFs now according to our predictive model are‬‭DVY‬‭from iShares by Blackrock‬
‭and‬‭PEY.‬ ‭However, as both have above-average expense‬‭ratios, fee-conscious‬
‭investors who also want to take ValuEngine rating into consideration could delve into‬
‭the more modestly priced‬‭VYM.‬ ‭We rate it‬‭4‬‭(Buy)‬‭and it ties for the lowest expense‬
‭ratio of 0.06%. its yield of 2.8% is about double that of the S&P 500. The two other‬
‭ETFs we covered that are rated‬‭4‬‭(Buy) are Schwab’s‬‭FNDX‬‭and Franklin’s‬‭LVHD.‬‭Both‬
‭have yields above 4% and strong recent historical performance along with solid‬
‭methodologies. As you can see, dear reader, this is a highly competitive, some say too‬
‭crowded, segment of the indexed ETF market. There are also many other ETFs geared‬
‭to derive dividend payout income from the market. In such a crowded market, research‬
‭is the investor’s best friend.‬
‭________________________________________________________________‬

‭By Herbert Blank‬

‭Senior Quantitative Analyst, ValuEngine Inc‬

‭www.ValuEngine.com‬

‭support@ValuEngine.com‬

‭ ll of the over 4,200 stocks, 16 sector groups, over 250 industries, and 600 ETFs have been‬
A
‭updated on‬‭www.ValuEngine.com‬

‭ inancial Advisory Services based on ValuEngine research available through‬‭ValuEngine Capital‬


F
‭Management, LLC‬

‭Free Two-Week Trial to all 5,000 plus equities covered by ValuEngine‬‭HERE‬

‭Subscribers log in‬‭HERE‬

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy