However, PEY does allocate 36% of is weight to smaller stocks, the same weight the ETF devotes to larage-caps. The ETF tracks the NASDAQ US Dividend Achievers 50 Index, which includes only companies that have boosted payouts for at least 10 consecutive years. The result is a trailing 12-month yield of 3.3%. [A Durable Dividend ETF]
Due to its highly defensive nature (utilities and consumer staples names combine for almost 44% of its weight), PEY is pricey relative to the broader U.S. equity market with a P/E ratio of almost 18.4. PEY has brought in $46.15 million of its $436.4 million in assets under management just this year.
Both DES and PEY pay monthly dividends.
WisdomTree SmallCap Dividend Fund
Tom Lydon’s clients own shares of IWM.