Published Wed, 26 Jun 2019 13:57:03 -0400 on Seeking Alpha
In Part 1 of this two-article series, I featured the fact that many investors, and particularly those of retirement age, see great benefit in having an income stream each month. This can easily be accomplished using ETFs. However, most of these tend to be bond ETFs, the list of stock ETFs that pay monthly dividends isn't nearly as long.
For over 21 years now, the SPDR Dow Jones Industrial Average ETF (DIA) has given investors one such option in a stock ETF. For a little over seven of those years, I have owned this ETF in my personal portfolio.
At the same time, it is good not to get complacent. A lot has happened since DIA debuted in 1998. Might there be other, better, options? In my research, I found five such ETFs that intrigued me. In this first part of the series, we considered four of the five.
In this article, I will take a close look at the fifth ETF and then share some very interesting comparative historical results. Based on all of this, I'll conclude by offering my personal ranking of all six (including DIA).
But First - A Handy Table
To make things as easy as possible for readers, I have recreated below the same summary overview table I included in Part 1. I start with DIA. I next list our five challengers, sorted alphabetically by symbol. Please note that, in each case, the ETF's name is actually a link, which will take you directly to the provider's web page in the event you wish to take a closer look.
ETF and Symbol Inception Date AUM Expense... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||272.28||0.0||0.00||5.63||2.06|
Older articles featuring Spdr Dow Jones Industrial Average Etf Trust (DIA):The Fed And The Yield Curve
The Inverted Yield Curve Is About To Revert
Beware The Yield Curve
Negative-Yielding Debt: Monetary Contagion Spreads
5 ETFs Challenge DIA For Best Monthly-Dividend Payer - Part 1
P/E Ratios And Yields By Country
The Dollar, High-Yield Bond Market And S&P 500 Revenue Growth
The Recent Bond Yield And SPX Declines (And Now Bitcoin) Tend To Recur Year After Year
Two Yield Spreads Are Better Than One For Business Cycle Analysis
Yield Curve Inversion May Not Be A Done Deal