Assets are divided evenly among the rest of the holdings, and the companies that have added to the ETFs performance over the past year include General Electric (NYSE: GE), Altria (NYSE: MO) and Philip Morris (NYSE: PM). [Dividend ETFs in Focus as S&P 500 Yield Exceeds 10-Year]
The dividend yield on the S&P 500 is about equal to the yield on a 10-year Treasury bond, around 2.2%. About 89 companies within the S&P 500 are yielding more than the Treasury bonds, with about 50 of those yielding 4% or more. This paints an even more convincing picture for investors to consider dividend ETFs. [S&P’s Best Dividend ETF Picks]
Vanguard High Dividend Yield ETF
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own DVY.