The Vanguard High Dividend Yield ETF (NYSEArca: VYM) shows a 3.14% 12-month yield but 10.2% in energy names.
The WisdomTree High Dividend Fund (NYSEArca: DHS) has a 3.24% 12 -month yield and holds 15.7% in energy.
The PowerShares High Yield Equity Dividend Achievers Portfolio (NYSEArca: PEY) comes with a 3.37% 12-month yield and includes a 20.9% tilt toward the energy sector.
Alternatively, investors may look to dividend growth ETFs that focus on quality companies with a history of growing dividends. For instance, the Vanguard Dividend Appreciation ETF (NYSEArca: VIG) tracks U.S. stocks that have increased dividends on a regular basis for at least 10 consecutive years and has a 2.18% 12-month yield. The SPDR S&P Dividend ETF (NYSEArca: SDY) holds firms that have a minimum dividend increase streak of 20 years for inclusion and shows a 2.44% 12-month yield.
The ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL) only includes companies that have increased their dividends for at least 25 consecutive years and offers a 1.92% 12-month yield. Due to their indexing methodology, the dividend growth ETFs’ energy sector weights are less than 5% each.
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