Unveiling the Power of Dividends: Analyzing COWZ Dividend Yield Trends and Pacer US Cash Cows 100 ETF Performance for 2024

Author Image By Michael D Ashley

COWZ - Market Position

Ticker Symbol Product Type Asset Class Strategy Payment Frequency Geographic Focus Expense Ratio Sponsor
COWZ ETF Equity High Dividend Yield Quarterly US Domestic 0.49% Pacer Financial

COWZ Overview - The Pacer US Cash Cows 100 ETF

The Pacer US Cash Cows 100 ETF (COWZ) is designed to capture the performance of U.S. companies with consistent cash flow, strong balance sheets, and attractive dividend yields. This ETF aims to provide investors with income from dividend payments while also offering potential for growth.

COWZ invests in companies that demonstrate financial stability and have a history of distributing dividends. The ETF focuses on established companies domiciled in the United States, with market capitalizations exceeding a certain threshold. By investing in a diversified portfolio of dividend-paying stocks, COWZ seeks to generate a reliable stream of income for investors.

Managed by Pacer Financial, COWZ employs a systematic approach to identify companies with robust cash flows and dividend growth potential. The fund's investment strategy aims to deliver consistent returns over the long term, aligning with investors' goals of income generation and capital appreciation.

As of Apr 30, 2024, COWZ had a dividend yield of 1.87%, providing investors with the opportunity to earn income on their investment. Investors can track COWZ's performance, including its dividend history and stock price movements, through financial platforms such as Morningstar and TipRanks.

While past performance is not indicative of future results, COWZ's focus on cash-rich companies with attractive dividend yields may appeal to investors seeking income generation and potential growth opportunities in the U.S. equity market.

COWZ - Price / Yield

COWZ - Portfolio and Asset Allocation

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that provides exposure to a diversified portfolio of large-cap, dividend-paying stocks across various sectors. The fund's holdings reflect a mix of companies from different industries, including technology, industrials, healthcare, and consumer staples.

With an emphasis on income generation and growth potential, COWZ's asset allocation is strategically spread across multiple sectors. The largest allocations include Energy (24.62%) and Consumer Cyclical (18.46%), followed by Healthcare (12.79%) and Industrials (11.79%). This sector distribution underscores the fund's commitment to diversification and risk management.

COWZ's top holdings, such as Vistra Energy, EOG Resources Inc., and Valero Energy Corporation, exemplify its focus on established, dividend-paying companies with strong market positions. These companies often demonstrate consistent dividend payouts and are perceived as stable investments.

While the fund maintains exposure to potentially volatile sectors like Communication Services and Energy, the relatively lower allocations indicate a cautious approach to risk management, aiming to avoid overexposure to risky areas while pursuing income generation and long-term growth.

Top 10 Holdings

As of April 30, 2024, the top 10 holdings of the Pacer US Cash Cows 100 ETF (COWZ) are:

Name Weight
Vistra Energy 2.52%
EOG Resources Inc 2.25%
Valero Energy Corporation 2.21%
Exxon Mobil Corp. 2.21%
Diamondback Energy 2.15%
Altria 2.13%
Occidental Petroleum Corp. 2.13%
Chevron 2.09%
3M Company 2.08%
Marathon Petroleum 2.07%

Asset Allocation

The Pacer US Cash Cows 100 ETF (COWZ) has the following asset allocation as of April 30, 2024:

Sector Weight
Energy 24.62%
Consumer Cyclical 18.46%
Healthcare 12.79%
Industrials 11.79%
Technology 11.01%
Basic Materials 10.90%
Communication Services 4.19%
Consumer Defensive 3.52%
Utilities 2.39%
General 0.33%

Dividend Yield and Distribution History

Section Details

COWZ Dividend Information

The Pacer US Cash Cows 100 ETF (COWZ) distributes quarterly dividends. The most recent ex-dividend date occurred on March 21, 2024, with a dividend payment of $0.244 per share on March 27, 2024.

COWZ Dividend Yield

As of April 24, 2024, the annualized dividend yield for COWZ is 1.76%. This means that for every $100 invested in the fund, investors would receive $1.76 in dividends per year, assuming the yield remains constant.

COWZ Dividend History

COWZ maintains a track record of distributing quarterly dividends. The dividend payments may vary based on the performance of the underlying dividend-paying stocks within the fund.

COWZ Dividend Growth

The dividend payments from COWZ are influenced by the growth and performance of the underlying stocks in the fund's portfolio. The investment strategy targets companies with a history of consistent dividend growth, potentially leading to increased dividend payouts over time. However, dividend growth is subject to market conditions and is not guaranteed.

COWZ Dividend Stability

COWZ aims to provide a relatively steady income stream by investing in high-quality, dividend-paying stocks of larger U.S. companies. However, the stability of dividend payments may be impacted by changes in market conditions or the performance of the underlying stocks in the fund's portfolio.

COWZ - Chart

COWZ - Comparative Analysis

Let's compare COWZ with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Apr 2024)

Investment Focus High-quality, dividend-paying stocks of larger U.S. companies High-yielding U.S. stocks with covered call options strategy High-dividend-yielding U.S. stocks with emphasis on dividend consistency
Current Yield 1.78% 11.56% 3.30%
Expense Ratio 0.49% 0.61% 0.06%
Investment Strategy Actively managed, focuses on attractively valued companies with consistent dividend growth potential Utilizes covered call options on high-yield stocks for income generation Passively tracks high-dividend-yielding U.S. stocks, emphasis on dividend consistency
Strengths Potential for higher returns through active management, emphasis on dividend consistency and growth Utilizes covered call options for potentially higher income, lower expense ratio Broad exposure to high-yield U.S. stocks, low expense ratio
Weaknesses Higher expense ratio than passively managed funds, potentially higher volatility Less emphasis on dividend growth, potentially lower returns than actively managed funds Less diversification than broader dividend ETFs, potentially higher volatility

Dividend History (Last 5 distributions)

Ex-Dividend Date Cash Amount Record Date Pay Date
Mar 21, 2024 $0.24 Mar 22, 2024 Mar 27, 2024
Dec 27, 2023 $0.30 Dec 28, 2023 Jan 03, 2024
Sep 21, 2023 $0.30 Sep 22, 2023 Sep 27, 2023
Jun 22, 2023 $0.19 Jun 23, 2023 Jun 28, 2023
Mar 23, 2023 $0.21 Mar 24, 2023 Mar 29, 2023


Technical Analysis

Additional Information and Risks

Investors considering the COWZ ETF should assess its various factors. COWZ, the Pacer US Cash Cows 100 ETF, focuses on US cash cows, prioritizing dividend-paying stocks. This ETF pays dividends quarterly, with dividend history reflecting consistent payouts. In 2024, COWZ maintained a dividend yield of 1.91%, providing investors with a steady income stream. COWZ's portfolio comprises 100 companies, ensuring diversification.

Its expense ratio impacts payout ratios, affecting shareholder returns. Dividend payments, alongside stock prices, influence yield and earnings. Sector performance also shapes COWZ's success, as it's influenced by real estate, financials, and other sectors. Investors should monitor ex-dividend dates and payment dates to optimize returns.

Understanding dividend data and payment frequency is crucial for informed investment decisions. Analyzing top 10 holdings and sector weightings provides valuable insights into COWZ’s performance. Overall, COWZ offers investors an opportunity to tap into a diversified basket of US cash cows while navigating potential risks associated with dividend fluctuation, management fees, and sector volatility.

In 2024, COWZ's dividend yield remained competitive at 1.91%, demonstrating its consistency in generating income for investors. Despite market fluctuations, COWZ has maintained its focus on dividend-paying stocks, ensuring a steady stream of income for shareholders. Investors can rely on COWZ's quarterly dividend payments as a reliable source of passive income.