The Vanguard High Dividend Yield ETF (VYM) tracks the FTSE High Dividend Yield Index, allowing investors to access high dividend yielding stocks efficiently.
With a 2.70% dividend yield and an expense ratio of .06%, VYM stands out as a cost-effective option for passive income seekers.
VYM's strong performance this past year, gaining 28.02% in share price, reflects a trend where dividend yields drop even as total distributions increase.
By investing in 537 diverse stocks, VYM offers broad sector exposure, making it suitable for those desiring both stable returns and portfolio diversification.
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