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||272.32||0.0||0.00||5.67||2.10|
Older articles featuring Spdr Dow Jones Industrial Average Etf Trust (DIA):On The Yield Curve Inversion Signaling Recession
Does An Inverted Yield Curve Always Mean Recession?
Weekly High Frequency Indicators: Commodities And A Steepening Yield Curve Help A Bullish Forecast
Upside-Down Week As REITs Stumble And Yields Surge
This May Not Be Your Father's Inverted Yield Curve
With Treasury Yields Tanking, The Japanese Yen May Be A Better Hedge For Stocks
Pay Attention To The Message The Yield Curve Is Sending
Weighing The Week Ahead: Yield Curve Inversion And The Jackson Hole Agenda
Weekly High Frequency Indicators: Corporate Bond Yields Make Another New Expansion Low
P/E Ratios And Yields By Country