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Vanguard Dividend Appreciation ETF (VIG)

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  • Nov. 26, 2013, 11:22 AM
    | 6 Comments
  • Nov. 15, 2013, 9:22 AM
    | 1 Comment
  • Oct. 23, 2013, 2:58 PM
    | 2 Comments
  • Oct. 21, 2013, 3:05 PM
    • Dividend stocks have historically worked because of their value tilt, says ace researcher and portfolio manager Mebane Faber. A rash of fund offerings have distorted the asset class though - typically trading at a 20-40% valuation discount to the broad market, high yielders from defensive sectors are now at premiums, and record premiums at that. Buyer beware.
    • Faber himself runs the actively-managed Cambria Shareholder Yield ETF (SYLD), which adds buybacks and debt repayments to dividends to create a "shareholder yield" from which selections are made.
    • Dividend ETFs: VIG, FDL, FVD, MDIV, QDF, QDYN, QDEF, DIV, CVY, DVY, HDV, IYLD, PEY, PFM, SCHD, SDY, SDYL, DVYL, VYM, DHS, DTD, SYLD, KBWD, SPHD, DLN, DON, HILO.
    | 3 Comments
  • Oct. 13, 2013, 9:01 AM
    • ETFs which have expanded their view of "yield" to include shareholder-friendly activity such as buybacks and paying down debt continue to outperform the general dividend universe as well as the broader market.
    • Mebane Faber's 5-month old $122M Cambria Shareholder Yield ETF (SYLD) has a forward dividend yield of 2.9% - slightly higher than VIG or SDY, and a bit less than DVY - but what Faber calls "a net buyback yield" of 5.6%. It's up 9.2% in its short history vs. 2% or less for the other funds and 3% for the S&P 500.
    • TrimTabs' Float Shrink ETF (TTFS) goes even further - disregarding dividends entirely to pick 100 of the Russell 3000 companies rapidly reducing outstanding shares while also screening for profitability and low debt. And reducing shares doesn't just mean buybacks: Carl Icahn's Herbalife investment put more than 15% of the stock outside of the free float according to TTFS' managers, thus allowing its inclusion in the fund. Sirius XM Radio was added after Liberty Media's decision to convert its preferred stake into common. The fund's nimbleness makes it pricey with a 0.99% expense ratio. It's ahead of the S&P 500 by more than 1000 bps YTD.
    • See also: PowerShares' Buyback Achievers Fund (PKW), the oldest and largest of the group, and ahead of the S&P by 1300 basis points this year.
    • Dividend ETFs: FDL, FVD, MDIV, QDF, QDYN, QDEF, DIV, CVY, DVY, HDV, IYLD, PEY, PFM, SCHD, SDY, SDYL, DVYL, VYM, DHS, DTD, SYLD, KBWD, SPHD, DLN, DON, HILO.
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  • Oct. 10, 2013, 3:02 PM
    • The S&P 500 Aristocrats ETF (NOBL) launched today - the fund homepage outlines the fund strategy of holding only S&P 500 companies that have increased their dividends consistently over the past 25 years.
    • To differentiate from current sector leader, SDY, (both have expense ratios of .35%) NOBL places an importance on equal weighting and not allowing any one sector to occupy more than 30% of the fund.
    • Relevant dividend growth ETFs: DGRS, SDY, DNL, EMDG, DGRW, VIG, DGRE, NOBL.
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  • Sep. 23, 2013, 8:04 AM
    • Vanguard Dividend Appreciation ETF (VIG) announces quarterly distribution of $0.357.
    • 30-day SEC yield of 2.17% (as of 09/20/2013).
    • For shareholders of record Sep. 25; Payable Sep. 27; Ex-div date Sep. 23.
    | 1 Comment
  • Sep. 12, 2013, 1:39 PM
    • Dividend payers may be a good place to hide out from rising interest rates, but those stocks sporting the highest yields - telecoms and utilities - tend to have slow payment growth, making them less-attractive as rates rise. Checking back to the 1994 bond bear market, telecoms and utilities were among the market's worst performers.
    • Better to shop for modest payers, but above-average payment growth. Barron's screens for those characteristics combined with reasonable overall valuation and turns up three names: Boeing (BA), CVS Caremark (CVS), and GE.
    • Certain dividend ETFs employ this strategy as well, with Vanguard's Dividend Appreciation (VIG) - almost zero exposure to telecoms and utilities  - and WisdomTree's U.S. Dividend Growth ETF (DGRW) coming to mind. Others include DGRS, DNL, EMDG, DGRE.
    • Other dividend ETFs: FDL, FVD, MDIV, QDF, QDYN, QDEF, DIV, CVY, DVY, HDV, IYLD, PEY, PFM, SCHD, SDY, SDYL, DVYL, VYM, DHS, DTD, SYLD, KBWD, SPHD, DLN, DON, HILO.
    • Telecom and utility ETFs: IYZ, XTL, VOX, LTL, TLLIDU, PUI, XLU, VPU, RYU, FXU, PSCU, UPW, SDP, UTLT.
    | 4 Comments
  • Jul. 22, 2013, 12:40 PM
    ProShares files regulatory paperwork for the S&P500 Aristocrats ETF - a dividend strategy selecting at least 40 market-cap-weighted stocks that have paid increasing dividends for at least 25 years. The selections will be equally weighted with no sector allowed more than a 30% allocation - pretty plain-vanilla stuff for ProShares which prides itself on alternative strategies. Popular dividend ETFs: DVY, SDY, VYM, VIG, HDV, DLN.
    | 4 Comments
  • Jun. 25, 2013, 3:59 PM
    Dividend-focused portfolios (DVY, SDY, VYM, VIG, HDV, DLN, IDV) got a bit of stress test over the past few weeks, writes Morningstar's Dan Culloton. The results are what one might have expected: Don't chase yield. The worst performing dividend funds were those having the highest trailing 12-month yield and bigger allocations to favorites like utilities, telecommunications, and real estate. The better-performing funds had larger stakes in healthcare and financials. Also of interest - the top-performers on average invested in stocks with less relative debt on their balance sheets.
    | 1 Comment
  • Jun. 24, 2013, 8:03 AM
    Vanguard Dividend Appreciation ETF (VIG) announces quarterly distribution of $0.345. 30-day SEC yield of 2.11% (as of 06/21/2013). For shareholders of record June 26. Payable June 28. Ex-div date June 24.
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  • Jun. 4, 2013, 12:14 PM
    Popular dividend ETFs - HDV, VYM, VIG, SDY, DVY among them - have fared worse than the SPY as interest rates have risen of late. Credit Suisse narrows the risk down further, identifying 20 stocks with the biggest share of their float held by dividend ETFs. This basket includes Cincinnati Financial (CINF) and Pitney Bowes (PBI) and it's off 3.4% since Ben Bernanke's May testimony, twice as much as the broad market. We'll post the other 18 as they come available.
    | 10 Comments
  • May. 29, 2013, 10:10 AM
    Vanguard's popular Dividend Appreciation ETF (VIG) gets even cheaper, the annual fee dropping to 0.10% from 0.13%. It's the 56th Vanguard ETF to drop fees this year vs. a total of 65 run by the company. Competitors include: DVY, SDY, VYM, HDV, DLN.
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  • May. 24, 2013, 12:45 PM
    Multi-asset income ETFs are here to stay, writes Paul Britt, as Guggenheim's CVY crosses $1B in AUM. It's been around since 2006, but a new entrant, MDIV has pulled in $440M in less than a year. These income funds have no mandate in their search for yield and roam across dividends (DVY), high-yield (HYG), REITs (IYR, VNQ), and MLPs (AMJ) as necessary. One drawback is their somewhat high expense ratios - in the 60-80 bp range, compared, for example, to DVY at 40 bps. Other M-A ETFs: INKM, IYLD, GYLD, HGI.
    | 2 Comments
  • May. 21, 2013, 3:55 PM
    WisdomTree (WETF) plans a Wednesday launch for its U.S. Dividend Growth Fund (DGRW) - tracking a fundamentally-weighted index of about 300 dividend payers with annual cost of 0.28%. Among the eligibility requirements: Regular dividends for 12 consecutive months and market cap of at least $2B. Individual security weighting is capped at 5%, with sector allocation capped at 20%. Among the large selection of other dividend funds: VIG, PFM, DHS, DTN. More here.
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  • May. 21, 2013, 5:40 AM
    Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T).
    | 11 Comments
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VIG Description
Vanguard Dividend Appreciation ETF seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.
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