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Best dividend stock or fund?
Posted on 5/19/21 at 8:58 am
Posted on 5/19/21 at 8:58 am
I'd like to start building a decent position in a good-paying dividend fund or stock and I'm leaning more towards a fund since I don't like the risk of one particular stock. What can y'all recommend to me? I'm looking long term and want reliability as well as growth of the share price. Is that a lot to ask for when considering a dividend position?
9
Posted on 5/19/21 at 8:59 am to TDsngumbo
The go to dividend fund from the internet is QYLD
Posted on 5/19/21 at 9:06 am to TDsngumbo
DGRO
Posted on 5/19/21 at 9:08 am to CarRamrod
quote:
The go to dividend fund from the internet is QYLD
That’s a different animal altogether. It’s an income generating strategy, not really a dividend fund.
Posted on 5/19/21 at 9:15 am to slackster
SCHD and its not really close.
Posted on 5/19/21 at 9:16 am to TDsngumbo
there are some pipeline stocks that pay out like 8%
Posted on 5/19/21 at 9:17 am to DVinBR
GLP pays out 9.65%
Posted on 5/19/21 at 9:19 am to DVinBR
Global X MLP ETF (MLPA)
9.97%
9.97%
This post was edited on 5/19/21 at 9:20 am
Posted on 5/19/21 at 9:40 am to STLhog
quote:
SCHD and its not really close.
Really good one as well. A slightly different take than DGRO.
Since inception of mid 2014, SCHD has outpaced DGRO by 10% cumulatively. However, that outperformance has only come since February of this year. SCHD lagged DGRO up to that point.
Hard to go wrong with either in this space.
Posted on 5/19/21 at 9:46 am to STLhog
quote:
SCHD and its not really close.
Another vote for SCHD. I also like VIG, but I think SCHD uses a more robust screening process. VTV is a different (value) strategy but has performed well as growth stocks have cooled off and pays a solid, safe dividend. These three together probably make up 50+% of my portfolio.
Posted on 5/19/21 at 9:47 am to TDsngumbo
You can have growth and small(er) dividends or large dividends and no growth (probably loss). You're not going to find a high paying dividend fund/etf that is also growing much.
VIG is a good one for growth but pays a pretty small dividend (2%)
VYM is a slight step up from VIG in that it wont grown quite as much, but has about 50% more dividend (3%). VYM gets into telecommunications which pay higher dividends with little to no growth in stock price itself.
Keep in mind VIG has kept pace way better with S&P 500 than VYM in recent times.
SPHD is a pretty common one you'll see as well, that pays closer to 4%-5% on dividend end, long term not as good as VYM but short term has been better than VYM.
SCHD is good and been recommended above, it has even beat VIG.
If this is for taxable account, definitely look into whatever fund you're looking at to see if it's a qualified dividend or not. Decent difference in the way it's taxed in qualified vs. not. If you're say a 22-24% tax bracket person, difference in type of dividend could be taxed at 22-24% vs. 15%. Assuming you're looking for income a bit not reinvestment?
VIG is a good one for growth but pays a pretty small dividend (2%)
VYM is a slight step up from VIG in that it wont grown quite as much, but has about 50% more dividend (3%). VYM gets into telecommunications which pay higher dividends with little to no growth in stock price itself.
Keep in mind VIG has kept pace way better with S&P 500 than VYM in recent times.
SPHD is a pretty common one you'll see as well, that pays closer to 4%-5% on dividend end, long term not as good as VYM but short term has been better than VYM.
SCHD is good and been recommended above, it has even beat VIG.
If this is for taxable account, definitely look into whatever fund you're looking at to see if it's a qualified dividend or not. Decent difference in the way it's taxed in qualified vs. not. If you're say a 22-24% tax bracket person, difference in type of dividend could be taxed at 22-24% vs. 15%. Assuming you're looking for income a bit not reinvestment?
This post was edited on 5/19/21 at 9:53 am
Posted on 5/19/21 at 9:54 am to thunderbird1100
Thank you to everyone posting. Seriously. I’m not able to look them all up at this time but when I get back home I will.
Please keep the info coming as I take this board’s opinion seriously when it comes to investing - not sure if that’s a good thing or a bad thing
Please keep the info coming as I take this board’s opinion seriously when it comes to investing - not sure if that’s a good thing or a bad thing
Posted on 5/19/21 at 9:55 am to thunderbird1100
quote:
Assuming you're looking for income a bit not reinvestment?
I’m young enough to just have the dividend reinvested now but when I retire I want the income from it.
Posted on 5/19/21 at 11:11 am to TDsngumbo
VDIGX is what I have for that purpose.
Posted on 5/19/21 at 11:18 am to TDsngumbo
I don’t play with dividends much, if I’m going for lower risk, its index funds and mutuals. But the stocks that make sense to me are Coca-Cola, Kellogg, and General Mills. Those guys own significant market space and very likely won’t give it up in the foreseeable future. Yield 3 -3.5% each
Posted on 5/19/21 at 12:05 pm to TDsngumbo
quote:
I'd like to start building a decent position in a good-paying dividend fund or stock
I jumped in to JEPI about seven months ago. It tracks SP 500 and provides decent dividends.
Worth a look.
Posted on 5/19/21 at 12:35 pm to stewie
Lots of good comments but if you want specific stocks (wish I grabbed a few of those mentioned March of last year:(
I picked up stock instead and got these
Abbv
Efc
Mo
Bti
Rdsb
Chevron
Xom
Vz
Ko
Wf( dividends were suspended but will come back and stock was low)
I picked up stock instead and got these
Abbv
Efc
Mo
Bti
Rdsb
Chevron
Xom
Vz
Ko
Wf( dividends were suspended but will come back and stock was low)
Posted on 5/19/21 at 3:41 pm to TDsngumbo
Finviz has a stock screener. One of the search criteria is dividend yield.
Make sure you check the financials on the ones you find so you don't roll the dice on one with a high debt yield.
Also, once you have a list, buy dips (the dividend is a higher percentage when the price drops). And diversify across sectors. If you're too heavy in one sector and that sector nosedives you're screwed.
For a specific dividend stock check into OKE.
Make sure you check the financials on the ones you find so you don't roll the dice on one with a high debt yield.
Also, once you have a list, buy dips (the dividend is a higher percentage when the price drops). And diversify across sectors. If you're too heavy in one sector and that sector nosedives you're screwed.
For a specific dividend stock check into OKE.
Posted on 5/19/21 at 7:05 pm to TDsngumbo
SPYD and MKDVX.
SPYD is the top 80 or so dividend stocks in the S&P500. It is heavy in financials.
JMO, I would wait for a good pull back before buying.
SPYD is the top 80 or so dividend stocks in the S&P500. It is heavy in financials.
JMO, I would wait for a good pull back before buying.
Posted on 5/19/21 at 8:02 pm to frogtown
Looks like CVX and VLO still have solid yields, even if they're up a fair amount from their 52 week low.
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