$SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$
High inflation can erode purchasing power over time. SPYD ETF can provide a hedge against inflation by generating a rising income stream and still appreciate in capital growth.
$SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$ offers a no nonsense ETF approach to capture high yields and dividend growth in the US large cap space within the S&P500 universe. This ETF ranks all dividend payers by indicated yield and selects the top 80 stocks. SPYD equally weights its portfolio.
The Top 10 holdings include Edison International, Franklin Resources, Public Services Enterprise, Chevron Corporation, Dominion Energy, Southern Company, Entergy Corp, Pinnacle West Capital, 3M Company and Principal Financial Group.
Total Top 10 Weightage is 13%
The SPYD ETF highest yielding stocks are equally stock weighted but benefit from being overweight in sectors such as banks and Financials, real estate, materials, oil and gas.
Banks and Financials benefit from rising interest rates. Real Estate is an inflation hedge sector. Energy and materials industries benefit from rising prices and demand.
Expense ratio is 0.07%
Dividends are paid quarterly. The current dividend yield is 3.82%. The next ex dividend date is 16 September 2022.
Performance at 1 year is up 7.29%.
$SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$ is diversified and minimises your risk on single stocks. It is a low cost but effective way to enjoy a dividend income which is a hedge against high inflation.
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