Which ETF has the highest monthly dividend?
2/29/2024 01:27pm
To determine which ETF has the highest monthly dividend, we need to consider various factors such as the ETF's investment objective, asset composition, and dividend yield. Here are some high-dividend ETFs that you may find useful:1. Vanguard High Dividend Yield ETF (VYM): This ETF seeks to track the performance of the FTSE High Dividend Yield Index, which includes high-dividend-paying stocks from the U.S. market. It has a dividend yield of around 3.0%.2. ProShares S&P 500 Dividend Aristocrats ETF (NOBL): This ETF invests in companies that have a history of consistently increasing dividend payouts for at least 25 years. It has a dividend yield of around 2.5%.3. iShares Core High Dividend ETF (HDV): This ETF seeks to track the performance of the Morningstar Dividend Yield Focus Index, which includes high-dividend-paying stocks from the U.S. market. It has a dividend yield of around 3.0%.4. SPDR S&P Dividend ETF (SDY): This ETF seeks to track the performance of the S&P High Yield Dividend Aristocrats Index, which includes high-dividend-paying stocks with a history of consistent dividend growth. It has a dividend yield of around 2.8%.Please note that the specific ETF with the highest monthly dividend may vary depending on market conditions and the performance of individual funds. It's always a good idea to conduct thorough research and consult with a financial advisor before making any investment decisions.