7 of the Best High-Dividend ETFs

 Continuing on this weekend's ETF theme:   

APRIL 21, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks slip as Tesla reports shrinking profits, and the SpaceX rocket test launch ends in an explosion. Highlights of today's newsletter include our market insights plus these new articles: 7 of the Best High-Dividend ETFs 10 Best Value Stocks to Buy Now U.S. Debt-Ceiling Deadline 2023: What Investors Should Know 7 Best Stocks to Buy for Rising Interest Rates 9 of the Best Stocks for a Starter Portfolio 7 Best REIT ETFs to Buy for 2023 Preferred Stock vs. Common Stock: What's the Difference? TODAY'S FEATURED STORY 7 of the Best High-Dividend ETFs Thanks to rising interest rates, fixed-income investors can once again enjoy competitive yields on assets like Treasury bills and certificates of deposit, or CDs. That being said, for equity investors willing to take on more risk, dividend stocks still remain a viable option. An easy way of gaining exposure is via an exchange-traded fund, or ETF, that selects a basket of high-yielding equities by tracking an external index, using a proprietary quantitative screening methodology, or via the fund manager's discretion. Here's a look at seven of the best high-yield dividend ETFs on the market right now: Vanguard High Yield Dividend ETF (ticker: VYM). Like many of Vanguard's ETFs, VYM is passively managed, tracking the FTSE High Dividend Yield Index. By doing so, the ETF provides broad exposure to 440 U.S. large-cap dividend stocks screened for high yields. Coincidently, VYM's dividend screener also ensures decent exposure to large-cap value stocks. The ETF charges a 0.04% expense ratio. Dividend yield: 3.1% iShares Core High Dividend ETF (HDV). HDV tracks 75 U.S. dividend stocks selected by the Morningstar Dividend Yield Focus Index. In addition to screening holdings for attractive dividend yields over the last 12 months, HDV's index also screens for strong financial quality by assessing the sustainability of a company's competitive advantage, operating and financial leverage, sales sensitivity, pricing power and share price volatility. HDV charges a reasonable 0.08% expense ratio. Dividend yield: 3.9% Click here to continue reading.