When it comes to dividend exchange traded funds, regular income payouts are an attractive feature, but the investments also provide portfolios with diversified, long-term market exposure.

Investors can utilize dividend ETFs to access a diverse range of dividend-paying stocks with one single trade, instead of picking out a couple company stocks that could tank or cut dividends.

Lawrence Meyers for InvestorPlace points out a couple of broad dividend ETF options.

The Consumer Staples Select Sector SPDR Fund (NYSEArca: XLP) tracks basic goods that people always purchases from companies like Procter & Gamble, Coca-Cola and Philip Morris, regardless of how the economy is doing. The fund includes 42 stock holdings. XLP has a 0.18% expense ratio and a 2.77% dividend yield. [Keeping up With the Consumer…With ETFs]

The iShares High Dividend ETF (NYSEArca: HDV) follows a group of companies screened for superior quality and financial health, and then tracks the top yielding stocks. The ETF tracks 75 holdings and the top components include stable names like AT&T, Chevron and Johnson & Johnson. HDV has a 0.40% expense ratio and a 3.21% 12-month yield.