7 of the Best High-Dividend ETFs to Buy Now

Continuing on this weekend's theme of the latest and greatest investment opportunities, here are the best ETFs right now for high dividends, for those of you wishing to invest for income.  

APRIL 26, 2024 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks slide as first-quarter GDP comes in lower than expected and inflation remains sticky. Highlights of today's newsletter include our market insights plus these new articles: 7 of the Best High-Dividend ETFs to Buy Now 7 of the Best Tax-Free Municipal Bond Funds What Are Bitcoin Runes? Meme Coins Come to Bitcoin TODAY'S FEATURED STORY 7 of the Best High-Dividend ETFs to Buy Now It's easy to explain the popularity of high-dividend ETFs: High dividends equal high yields and a reliable cash flow. People who have current income as a primary investment objective are especially attracted to exchange-traded funds, or ETFs, that pay superior income, but dividends can be a boon to any investor. Dividends can enhance a holding's total return, which includes both capital appreciation and income. Additionally, they can act as a cushion on the downside by providing cash payouts during downturns. Most high-dividend ETFs invest in income-producing stocks or bonds that have above-average yields compared to their peers. Others hold different types of securities like preferred stock, bank loans and collateralized loan obligations (CLOs) that emphasize income and dividends. Still others use aggressive or creative strategies like covered-call writing to generate even more income for shareholders. All high-dividend ETFs provide professional management and a measure of diversification. Some invest in securities across many different sectors while others specialize in just one or a few kinds of securities from a smaller number of sectors. Whatever their particular methodology, the objective remains the same: consistently high dividend distributions. Here are seven of the best high-dividend ETFs to buy today. Click here to continue reading.   ETF ASSETS UNDER MANAGEMENT TRAILING 12-MONTH DIVIDEND YIELD Invesco High Yield Equity Dividend Achievers ETF (ticker: PEY) $1.2 billion 4.9% SPDR Portfolio S&P 500 High Dividend ETF (SPYD) $7 billion 4.5% iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) $917 million 19.2% VanEck IG Floating Rate ETF (FLTR) $1.4 billion 6.2% Janus Henderson AAA CLO ETF (JAAA) $7.5 billion 6.3% VanEck Preferred Securities ex-Financials ETF (PFXF) $1.6 billion 7.9% Global X S&P 500 Covered Call ETF (XYLD) $2.9 billion 9.5%