Retirees seeking stable income should consider dividend-paying ETFs, which provide diversification and lower costs. The Invesco High Yield Equity Dividend Achievers ETF (PEY) stands out with a 4.8% yield and a low expense ratio of 0.53%. Its diverse portfolio of 52 stocks results in variable monthly dividends. Additionally, other ETFs like EFAA and RSPA offer even higher yields, reaching 8.31% and 9.44%, respectively. As retirees navigate their financial futures, these options represent effective strategies for maintaining steady income streams without added stress.
Exchange-traded funds that invest in dividend-paying stocks can be simple one-stop solutions for income seekers, providing instant diversification and low-cost options.
With an expense ratio of 0.53% and a monthly yield of 4.8%, the PEY ETF invests primarily in dividend payers from the Dividend Achievers Index.
The PEY ETF just paid a dividend of $0.08549 per share, showcasing variability based on its diversified portfolio of 52 different stocks.
EFAA and RSPA offer solid yields of 8.31% and 9.44%, making them worth considering for those looking to maximize retirement income.
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