It’s a Banking Crisis: Avoid These Dividend ETFs
Brett Owens, Chief Investment StrategistUpdated: May 10, 2023
The Wall Street Journal Reports:
Financial advisers say investors shouldn’t just go for the fund with the highest dividend yield
Gee, thanks. I have something to add, WSJ friends.
IT’S A BANKING CRISIS. DON’T BUY DIVIDEND ETFs AT ALL!
In a rising market, fine. I can hold my nose. Though, you know, even a popular ticker like Schwab US Dividend Equity ETF (SCHD) is a lazy option that’ll cost you.
SCHD owns 104 dividend stocks and PepsiCo (PEP) is its top holding. PEP pays a piddly 2.6% but its yearly dividend growth is decent—not great but not AT&T (T) awful, either.… Read more