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iShares Core High Dividend ETF: Attractive 3.25%-Yielding Dividend But Fairly Valued

Published Tue, 03 Sep 2019 13:37:18 -0400 on Seeking Alpha

ETF Overview
iShares Core High Dividend (HDV) invests in 75 high-quality dividend-paying stocks in the U.S. The fund tracks the Morningstar Dividend Yield Focus Index. The fund has a good mix of defensive (about 55%) and cyclical sectors (about 45%). Its exposure to defensive sectors will provide some stability to its fund price in a market downturn. Stocks in HDV’s portfolio are also stocks with competitive positions over their peers. Therefore, these stocks should continue to thrive in the long term. HDV currently pays a dividend with a dividend yield of 3.25%. We believe this is a nice stock to own in the long term. However, these stocks are fairly valued at the moment. Therefore, a pullback will provide a better buying opportunity.

Data by YCharts
Fund Analysis
A portfolio of cyclical and defensive sectors
HDV has a portfolio of stocks in different sectors. As can be seen from the chart below, not a single sector represents over 25% of the total portfolio. The fund has a good mix of cyclical and defensive sectors. In fact, cyclical sectors represent about 45% of HDV’s portfolio. These sectors include energy (22.39% of the portfolio), financials (9.82%), industrials (7.57%), information technology (3.23%), and consumer discretionary (2.00%). On the other hand, defensive sectors represent about 54.5% of HDV’s portfolio. These sectors include consumer staples (20.19%), healthcare (18.29%), utilities (8.51%), and communication (7.46%). We like HDV’s... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
WILLIAMS 24.29   303.6 0.08 1.52 6.12
SCHLUMBERGER 36.90   24.6 1.50 2.00 5.34
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
WELLS FARGO 48.65   10.0 4.84 2.04 4.22
VERIZON COMM 60.43   15.8 3.83 2.46 4.04
DUKE ENERGY 94.96   21.0 4.52 3.78 4.02
CHEVRON 121.42   15.7 7.72 4.76 3.91
PFIZER 37.28   17.0 2.19 1.44 3.85
PHILLIPS 66 102.19   8.8 11.56 3.60 3.50
3M 170.58   20.6 8.28 5.76 3.41
AMGEN 194.00   15.4 12.62 5.80 2.95
COCA-COLA 55.11   33.6 1.64 1.60 2.94
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
PEPSICO 137.29   15.2 9.02 3.82 2.81
MERCK & CO 83.31   23.3 3.57 2.20 2.69
U.S. BANCORP 55.73   13.1 4.25 1.48 2.65
PROCTER & GAMBLE 122.77   90.3 1.36 2.98 2.49
TEXAS INSTRUMENTS 130.22   23.8 5.47 3.08 2.42
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31

PHILIP MORRIS INTERNATIONAL - PM
PHILIP MORRIS INTERNATIONAL - PM  


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