Speaking of tech dividends, the First Trust NASDAQ Technology Dividend Index Fund (NasdaqGM: TDIV) has brought in $177 million of its almost $469 million in assets this year. TDIV, which has a 12-month distribution rate of 2.41%, has weathered the storm in Internet and social media stocks due to its exposure “old guard” tech names. TDIV is up 2.6% in the past month while higher beta tech offerings have floundered. [Old School Tech ETFs are Winning]
“Companies are being pressured to use their available cash, resulting in near record levels of total shareholder returns from public companies from both cash dividends and buybacks. The continuation of this trend indicates the potential for a strong year for dividends,” said Silverblatt.
Tom Lydon’s clients own shares of DVY.