"If it's strong income and growth you're after, you may want to consider dividend-paying exchange-traded funds (ETFs), especially those that focus on paying consistent or growing dividend yields. All of which can help provide you with passive, regular income. We can consider high-yield dividend funds, which target companies with above-average yields in high-growth sectors such as consumer staples and telecommunications."
"With an expense ratio of 0.06%, the ETF tracks the total return of the Dow Jones U.S. Dividend Index. It also yields 3.93%, and has holdings in Amgen, AbbVie, Home Depot, Cisco Systems, Broadcom, Chevron, UPS, and Coca-Cola, to name just a few. The ETF includes a total of 103 dividend stocks. The SCHD ETF just paid a dividend of just over 26 cents on June 30."
Dividend-paying ETFs provide passive, regular income while offering potential capital growth by focusing on consistent or rising dividend yields. High-yield dividend funds target companies with above-average yields in sectors such as consumer staples and telecommunications. Dividend growth funds target companies with a history of steadily increasing payouts, including Dividend Kings and Dividend Aristocrats. Schwab US Dividend Equity ETF (SCHD) carries a 0.06% expense ratio, yields 3.93%, holds 103 dividend stocks including Amgen and Coca-Cola, and recently paid roughly $0.26 and $0.24 dividends. Vanguard Dividend Appreciation ETF (VIG) carries a 0.05% expense ratio, yields 1.59%, holds 337 stocks with large weightings in information technology, financials, and health care, and recently paid roughly $0.86 and $0.87 dividends.
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