"The Vanguard Dividend Appreciation Index Fund ETF tracks the performance of the S&P U.S. Dividend Growers Index and invests in 337 stocks from companies that have a history of increasing the dividend payments for at least 10 years. The passively managed fund invests in large-cap stocks and has a low expense ratio of 0.05%. It pays a quarterly dividend and has a yield of 1.59%, and its most recent payment was $0.86 per share."
"The fund has the highest allocation in the information technology sector (27.30%), followed by the financial sector (22.20%) and healthcare (15.20%). The top 10 stocks form 33.3% of the portfolio and include industry stalwarts such as Broadcom, Microsoft, Apple, Oracle, Walmart, and Eli Lily. Over the last five years, VIG has grown its dividend payments by 10% annually. Besides the dividend payments, the fund has generated an average return of 12.83% per year in the last decade."
Extra income during retirement can be secured by investing in income-generating assets. Schwab U.S. Dividend Equity ETF (SCHD) is popular, but Vanguard Dividend Appreciation ETF (VIG), Vanguard High Dividend Yield ETF (VYM), and JPMorgan Equity Premium Income ETF (JEPI) offer higher yield and upside potential for retirees. VIG tracks the S&P U.S. Dividend Growers Index, holding 337 large-cap stocks with at least ten years of dividend increases, charges a 0.05% expense ratio, and pays a quarterly dividend with a 1.59% yield. VIG allocates heavily to information technology, financials, and healthcare; top holdings include Broadcom, Microsoft, Apple, Oracle, Walmart, and Eli Lilly. VIG has grown dividends roughly 10% annually over five years and averaged 12.83% per year during the past decade.
Read at 24/7 Wall St.
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