Dividend exchange traded funds are still an investor favorite in this low-yield, income-starved environment. Investors have a number of fund choices to pick from that will complement an income-producing strategy.

“There are a lot of reasons to recommend dividend investing. For one, dividends, or the promise of them, are the soundest reason to buy equities–any other rationale relies in part on ‘greater fool’ thinking. Dividend investors also buy the main driver of historical stock returns, income today instead of the promise of capital appreciation tomorrow,” Samuel Lee wrote for Morningstar.

For example, the iShares Dow Jones Select Dividend ETF (NYSEArca: DVY) chooses only companies that have rising dividends and strong payouts. The highest yielding companies are sorted by those that have current dividends than the 5-year averages, and payout 60% or less of their earnings as dividends, reports Dan Caplinger for The Motley Fool. DVY pays out a yield of 3.7%. [More Dividend ETFs Hitting the Market Amid Strong Demand]

The Vanguard Dividend Appreciation (NYSEArca: VIG) allows investors to access companies that have raised their dividend payouts every year for the past decade. This ensures stability, a guaranteed payout and peace of mind, however, the 2.1% yield comes at the price of low risk. [Dividend ETFs: Yields Falling as Market Rallies]

Next page: Three more dividend ETFs