which dividend etfs pay monthly

The Global X SuperDividend ETF (SDIV) offers a monthly dividend with a yield of 4.06% and an expense ratio of 0.58%.

Oct 12, 2024 at 07:36 pm

Monthly Dividend ETFs: A Comparison

Dividend ETFs offer investors a way to earn regular income from their investments. Dividend ETFs are passively managed funds that track a particular dividend index. They are typically less expensive than actively managed funds and offer the potential for high returns.

There are a number of factors to consider when choosing a dividend ETF, including the following:

• Dividend Yield: The dividend yield is the annual dividend paid by the ETF expressed as a percentage of the current share price. A higher dividend yield is often seen as more attractive, but keep in mind that dividend yields can change over time.
• Expense Ratio: The expense ratio is the annual fee charged by the ETF to cover its operating costs. A lower expense ratio is always preferable.
• Dividend Frequency: The dividend frequency is the number of times per year that the ETF pays dividends, with monthly dividend ETFs paying out their dividends on a monthly basis.
• Historical Performance: The historical performance of the ETF can give you some insight into its long-term track record.

Here are some of the best monthly dividend ETFs on the market:

1. Global X SuperDividend ETF (SDIV)

• Expense Ratio: 0.58%
• Dividend Yield: 4.06%
• Historic Performance: Since inception in 2013, SDIV has a cumulative return of over 4%
• Monthly dividend payments with a monthly dividend yield of 0.06%.

2. iShares Core High Dividend ETF (HDV)

• Expense Ratio: 0.08%
• Dividend Yield: 3.45%
• Historic Performance: Since inception in 2001, HDV has a cumulative return of over 10%
• Monthly dividend payments with a monthly dividend yield of 0.08%

3. Vanguard High Dividend Yield ETF (VYM)

• Expense Ratio: 0.06%
• Dividend Yield: 2.45%
• Historic Performance: Since inception in 2006, VYM has a cumulative return of over 8%
• Monthly dividend payments with a monthly dividend yield of 0.05%.

4. SPDR S&P Dividend ETF (SDY)

• Expense Ratio: 0.35%
• Dividend Yield: 2.66%
• Historic Performance: Since inception in 1994, SDY has a cumulative return of over 17%
• Monthly dividend payments with a monthly dividend yield of 0.06%.

5. Invesco Monthly Income ETF (MNA)

• Expense Ratio: 0.30%
• Dividend Yield: 2.78%
• Historic Performance: Since inception in 2001, MNA has a cumulative return of over 6%
• Monthly dividend payments.

These are just a few of the best monthly dividend ETFs on the market. When choosing a monthly dividend ETF, it is important to consider the factors listed above and to find an ETF that meets your specific investment goals.