Best High-Yield Dividend ETFs to Generate Passive Income
Sunday, 19 May 2024, 09:51
Top 3 High-Yield Dividend ETFs for Passive Income in 2024
These ETFs could be just the ticket for income investors. Exchange-traded funds (ETFs) could be an income investor's best friend. They provide much-needed diversification. And some of them generate solid and reliable income.
JPMorgan Equity Premium Income ETF
- Yield: 7.52%
- Utilizes out-of-the-money S&P 500 index call options to boost distributions
- Strong average annual return of 12.2%
SPDR Portfolio S&P 500 High Dividend ETF
- Tracks S&P 500 High Dividend Index
- Offers solid 4.52% yield
- Low annual expense ratio of 0.07%
Invesco High Yield Equity Dividend Achievers ETF
- Yield: 4.29%
- Top holdings include Altria Group, First Interstate BancSystem, and more
- Dividend payout doubled over the last 10 years
Should you invest $1,000 in JPMorgan Equity Premium Income ETF right now?
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.