Vanguard High Dividend Yield ETF seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yields.
See more details on sponsor's website
Tuesday, May 21, 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.
Comment![Financials]
Tuesday, May 21, 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).
10 Comments
Monday, April 29, 12:13 PM
"Which has a higher P/E - Procter & Gamble (PG) or Google (GOOG)," asks the WSJ's Tom Lauricella. Enthusiasm for anything with yield has driven the P-E ratios of dividend payers (DVY) like P&G maybe way too high. Techs (XLK) with double-digit earnings growth, no debt, and massive cash balances trade at 12x, says MFS' James Swanson, while a utility (XLU) in Ohio is at 16x. "How far do you go with this game?" "Pretty far," says Templeton's Donald Taylor. "The macro environment (causing this) is not at all likely to change anytime soon."
7 Comments[Quick Ideas]
Wednesday, April 17, 1:54 PM
"The reach-for-yield forces have strengthened," writes Barclays' Barry Knapp, recommending investors stick with "bond-like" stocks. Stocks geared to global growth have been underperforming since February, he says, and now domestic cyclicals are starting to show pockets of weakness. DVY's total return is about 130 bps greater than the S&P 500 YTD.
Comment![Quick Ideas]
Monday, April 1, 12:23 PM
The S&P 500 (SPY) paid out $7.954/share in dividends in Q1, a 12.2% increase from a year ago, wrties Eddy Elfenbein, the 9th consecutive quarter of double-digit gains. As opposed to the last 2 bull markets, stocks and dividends have moved pretty much together, keeping the index's dividend yield right around 2%.
1 Comment
Thursday, March 21, 8:17 AMVanguard High Dividend Yield ETF (VYM) announces quarterly distribution of $0.361. 30-day SEC yield of 3.13% (as of 03/20/2013). For shareholders of record Mar. 26. Payable Mar. 28. Ex-div date Mar. 22.
4 Comments[Dividends]
Friday, March 8, 1:00 PM
S&P 500 companies are expected to pay out at least $300B in dividends this year, surpassing 2012's record of $282B. The number could go quite a bit higher depending on what Apple intends to do, and what the largest banks may be allowed to do (though Citi elected not to boost their dividend). DVY +8.1% YTD, not including the 3.4% yield.
Comment!
Tuesday, February 26, 3:36 PM
Vanguard cuts the annual expense ratio on its High Dividend Yield ETF (VYM) to 0.10% from 0.13%. The lower fee is enabled by asset growth - AUM more than doubled to $4.2B in the year ended Oct. 31.
Comment!
Wednesday, February 20, 7:34 AM
Guggenheim announces it will shutter 9 ETFs "in order to focus resources on products that have demonstrated greater marketplace demand." Final day of trading to be March 15 with liquidation expected to be "on or around" March 22. The affected funds (with direct competitors in parentheses) are: ABCS (SDIV, VYM), EWEF, EWMD, EWSM, FAA, RSU (SSO), RSW (SDS),WFVK and WXSP. (PR)
13 Comments
Tuesday, February 19, 9:49 PM
All of the slide presentations from IU"s InsideETFs conference are now available. One of interest shows how eligibility requirements on certain dividend indexes will keep out stalwarts like MSFT, IBM, ORCL, INTC, CSCO, and AAPL for years to come even as the same stocks account for significant holdings of other indexes with the name dividend on them.
1 Comment
Tuesday, February 19, 10:29 AM
Of the $37.5B of flows into ETFs this year, 92% has gone into stock funds, according to ConvergEx, well above the typical ratio of 65-70%. U.S. stocks garnered the biggest share at 42%, while Japanese ETFs (see WETF) saw 8%. Dividend ETFs (DVY) have received nearly $4B already this year vs. $9B for all of 2012. Previous: "Fear fatigue."
Comment!
Monday, February 11, 10:39 AMStocks outdo bonds as the 1.6K companies in the MSCI World Index yield 2.7% vs. 2.6% on the BAML Global Corporate Index, according to Bloomberg. Yielding just 6.1% the gap of junk bonds over equities is at its lowest since 1995. "Increasingly, dynamic capital allocators are being forced to consider equities," says one bullish strategist.
1 Comment
Monday, January 7, 11:33 AMMore on dividend increases: In 2012, 2,883 firms increased their dividends, against 275 lowering their dividends. Forward yield hit an all-time high and actual cash payments increased 18% in 2012. The yield increased throughout 2012 ending flat at 2.80%. The report expects 2013 to be setting another record for regular cash dividends.
Comment!
Monday, January 7, 11:16 AMNet dividend increases totaled $8.4B in Q4, according to S&P. 1,262 firms increased their dividends, up 94.5% Y/Y, vs. just 154 lowering. Of more import, the payout ratio remains at 36% against long-term average of 52%.
1 Comment[Dividends]
Sunday, January 6, 8:56 AM
While the preferred stock (PFF) led the income pack in 2012 with a total return of 18.2%, the current risk-reward profile isn't great, says Barclays' Shobhit Gupta, with the upside capped by the issuer call option, and significant downside if rates rise. One overlooked class for investors: Convertible Bonds (CWB). Barron'soverview of the income sector.
26 Comments[Quick Ideas]
Thursday, January 3, 9:02 AM
Dividend stocks are attractive following the Cliff deal, says BlackRock's Russ Koesterich, noting just a modest bump in dividend tax rates affecting just a small ratio of taxpayers. Current low payout ratios give companies ample room to raise payouts. Avoid Treasurys, he says, and focus on credit sectors (HYG, PDI, IVR - just to name a few), and municipals (MUB).
6 Comments[Quick Ideas]
neobliviscar: Rem visiting Macau before the big casinos & thinking it was a hot humid armpit. Then again, what was Las Vegas back when. Casinos=Ugly love.
12/10/12
•!Report Abuse
Hillbilly Stock Star: MPEL, Galaxy, Genting et al seem to want to play in big boy league in ie Macau Tripping.
12/10/12
•!Report Abuse
O. Young Kwon TANER Vanguard Model [TVM] Momentum 13/10/2012 (Monday): (1-2-3) Vanguard Industrials ETF ($VIS) Vanguard High Dividend Yield ETF ($VYM) <c>