Related: 4 Timely ETFs That Invest with a Purpose
The promise of large distributions from technology companies has lured greater investment interest for dividend ETFs. In the third quarter, Bloomberg projects tech companies could distribute about $20 billion in dividends to shareholders, followed by financials with $17 billion, health care at $14 billion and consumer staples at $13 billion.
“Investors are moving money into dividend funds that stand to gain from cash repatriation,” Todd Rosenbluth, director of ETF and mutual fund research at CFRA Research, told Bloomberg.
For more information on dividend-paying stocks, visit our dividend ETFs category.