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7 ETFs for Investors Mourning BP's Dividend

Published Thu, 17 Jun 2010 15:53:10 -0400 on Seeking Alpha

Almost two months after an offshore explosion sparked one of the worst environmental disasters in U.S. history, the White House has stepped in to ensure that British oil giant BP is held accountable for cleanup efforts and the economic damage done. With public outrage towards the oil industry reaching new highs, BP (BP) has had little leverage to resist the measures proposed by lawmakers. BP hastily agreed to set up a $20 billion escrow fund to pay claims and suspend at least three dividends. The company hopes to resume its dividend payments in 2011, but it remains to be seen if that will be a politically or financially viable option. The suspension of the dividend was a victory for the Obama administration and was cheered by environmentalists who feared that BP would prioritize payments to shareholders over claims to those impacted by the spill. But for pension funds and other investors who had come to rely on a dividend yield as high as 5% in recent years, the development was devastating. “Clearly, income investors are out in the cold; one of their safest bets has come spectacularly unstuck,” writes David Cottle. “So, for fund managers and all, the race will be on to make up any shortfall the loss of BP’s dividend represents before the next dividend distribution period.”... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
VANGUARD HIGH DIVIDEND YIELD ETF 86.63   0.0 0.00 0.00 3.44
POWERSHARES INTERNATIONAL DIVIDEND ACHIEVERS PORTFOLIO 16.15   0.0 0.00 0.54 3.34
ISHARES DOW JONES SELECT DIVIDEND INDEX FUND 98.50   0.0 0.00 4.07 3.23
VANGUARD DIVIDEND APPRECIATION ETF 109.87   0.0 0.00 0.00 2.13
ISHARES DOW JONES INTERNATIONAL SELECT DIVIDEND INDEX FUND 31.61   0.0 0.00 0.00 0.00

VANGUARD HIGH DIVIDEND YIELD ETF - VYM
VANGUARD HIGH DIVIDEND YIELD ETF - VYM  


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