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High Yield And Capital Gains In A Recovering Economy: S&P 500 High Dividend ETF

Published Sun, 29 Nov 2020 04:03:09 -0500 on Seeking Alpha

Seeking AlphaETF AnalysisHigh Yield And Capital Gains In A Recovering Economy: S&P 500 High Dividend ETFNov. 29, 2020 4:03 AM ET|| About: SPDR Portfolio S&P 500 High Dividend ETF (SPYD), Includes: AVGO, CMA, DIV, FGD, FITB, HBI, IP, IVZ, IWM, JNK, LEG, PEY, PSA, QQQ, RDIV, RF, SPHD, SPY, TLT, VIAC, VNQ, VYM, XLE, XLF, XLUby: Paul FrankePaul Franke Contrarian, Long/Short Equity, Momentum, Deep ValueSummaryThe SPDR S&P 500 High Dividend ETF has witnessed a streak of buy interest since summertime, as investors focus on a better 2021 economy.
The trailing 4.6% yield has room to grow as an economic expansion takes hold, assuming the coronavirus problem peaks into February.
SPYD is unique choice for low management expense, diversified design, high current yield, and upside price potential when life gets back to normal.
The SPDR Portfolio S&P 500 High Dividend Index ETF (SPYD) is designed to track the performance of the top 80 high dividend-yielding companies within the S&P 500 index. This ETF focused on yield began trading in October 2015. After just five years, the product has $2.3 billion in assets under management. It carries an ultra-low 0.07% management expense annually, and is designed with nearly equal weightings of 80 stocks. The holdings are rebalanced twice a year in January and July.
Perhaps the best-in-class hybrid of blue-chips with higher than normal stock market cash yields, with rates and risks similar to the A-rated corporate bond market, is the Vanguard High Dividend Yield ETF (VYM). The biggest difference between the leading Vanguard ETF and SPYD is the latter’s holding of lower quality companies, with even higher yields. The average market capitalization of the 80 companies is about $37 billion. The SPDR ETF is honestly akin to a high-yield corporate bond fund with underlying credit ratings between A and B, crossed with equity ownership characteristics that gain in value during stronger economic periods. As a result of the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
INVESCO 17.26   11.8 1.46 1.24 7.28
SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF 108.94   0.0 0.00 6.07 5.58
INTERNATIONAL PAPER 42.33   10.8 3.93 2.00 4.85
COMERICA 64.76   8.3 7.79 2.68 4.18
REGIONS FINANCIAL 16.25   10.1 1.61 0.62 3.87
HANESBRANDS 15.91   10.3 1.55 0.60 3.86
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
FIFTH THIRD BANCORP 28.03   9.5 2.94 0.96 3.44
PUBLIC STORAGE 249.58   29.8 8.38 8.00 3.20
VANGUARD HIGH DIVIDEND YIELD ETF 89.75   0.0 0.00 0.00 2.79
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82
POWERSHARES QQQ TRUST SERIES 1 193.23   0.0 0.00 1.49 0.78

INVESCO - IVZ
INVESCO - IVZ  


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