If you’re looking for some payouts in addition to returns, you could do a lot worse than to explore dividend exchange traded funds (ETFs). These companies can generate the returns investors crave at a better rate than the broad market.

There are more than 30 dividend ETFs trading today (you can find them all on our ETF Analyzer), but they’re not all created equal.

Charles Lewis Sizemore for Benzinga reports that there are three different strategies to choose from to complement your investing goals:

  • High dividend yield. Exposure to this type can be found in iShares Dow Jones Select Dividend Index (NYSEArca: DVY), which focuses on stocks that pay the highest current yields.
  • High dividend growth rate. This kind of dividend can be found in Vanguard Dividend Appreciation ETF (NYSEArca: VIG). It looks beyond dividend yield, choosing stocks with a demonstrated history of rising dividends. Selection criteria differs from fund to fund.
  • Dividend weighting. You can get this in WisdomTree LargeCap Dividend ETF (NYSEArca: DLN). DLN does not follow market-cap weighted strategy nor equal weight strategy for deciding the size of its respective stock positions; instead, it calculates the amount of cash each company pays in dividends and weights its portfolio accordingly.

With the economy still looking wobbly and many sectors of the stock market looking extended, stocks that pay consistent dividends have never looked more attractive. [Dividend ETFs: Ignore At Your Own Expense.]

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.