Unlock the Power of MidCap Dividends with WisdomTree's DON midcap dividend ETF
DON - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| DON | ETF | Equity Dividend ETF | Dividend Yield | Monthly | US Domestic |
0.38% | WisdomTree |
DON Overview - WisdomTree U.S. MidCap Dividend Fund
The WisdomTree U.S. MidCap Dividend Fund (DON) is an exchange-traded fund (ETF) that seeks to track the investment results of the WisdomTree U.S. MidCap Dividend Index. The index is a fundamentally weighted index that measures the performance of the mid-capitalization segment of the U.S. dividend-paying market. The fund invests in mid-cap companies that pay regular cash dividends and weights them based on the proportionate share of the aggregate cash dividends each company is projected to pay in the coming year.
DON provides investors with exposure to a diversified portfolio of mid-cap dividend-paying stocks, which may offer the potential for income, capital appreciation, and risk diversification. The fund's holdings span various sectors, such as financials, industrials, consumer discretionary, and utilities. By focusing on dividend-paying companies, DON aims to capture the performance of more established and financially stable mid-cap firms.
Investors seeking a cost-effective and transparent way to gain exposure to mid-cap dividend-paying stocks may find DON to be an attractive investment option. For more information, please visit the WisdomTree U.S. MidCap Dividend Fund (DON) page on the official WisdomTree website.
DON - Price / Yield
DON - Portfolio and Asset Allocation
The WisdomTree U.S. MidCap Dividend Fund (DON) offers investors exposure to a diversified portfolio of mid-cap dividend-paying stocks across various sectors. By focusing on companies with a history of consistent dividend payouts, the fund aims to provide a balance of income and growth potential.
DON - Asset Allocation
DON's asset allocation is spread across 11 main sectors, with Financials (24.27%), Consumer Cyclical (16.22%), and Industrials (15.85%) making up the top three. This sector diversification helps to mitigate risk and potentially smooth out returns over time. The fund's holdings also include significant allocations to Real Estate (8.51%), Energy (7.90%), and Utilities (7.75%), which are known for their relatively stable dividend payouts.
| Sector | Weight |
|---|---|
| Financial | 24.27% |
| Consumer Cyclical | 16.22% |
| Industrials | 15.85% |
| Real Estate | 8.51% |
| Energy | 7.90% |
| Utilities | 7.75% |
| Basic Materials | 5.51% |
| Consumer Defensive | 4.76% |
| Technology | 4.58% |
| Healthcare | 2.48% |
| Communication Services | 2.17% |
DON - Top 10 Holdings
When examining DON's top 10 holdings, we find a mix of companies from various sectors, further emphasizing the fund's diversification. The largest holding, Vistra Energy (VST), is an energy company with a weight of 1.22%. Other notable holdings include Corebridge Financial (CRBG) from the financial sector, Packaging Corporation of America (PKG) from the basic materials sector, and Conagra Brands (CAG) from the consumer defensive sector.
| Name | Weight |
|---|---|
| Vistra Energy | 1.22% |
| Corebridge Financial, Inc. | 1.11% |
| Packaging Corporation Of America | 1.02% |
| Viatris, Inc. | 0.97% |
| Conagra Brands | 0.97% |
| The Carlyle Group Lp | 0.93% |
| International Paper Company | 0.92% |
| Franklin Resources | 0.88% |
| Snap-on Inc | 0.85% |
| Evergy, Inc. | 0.84% |
DON Dividend Yield and Distribution History
| Section | Details |
|---|---|
DON Dividend Information |
The WisdomTree U.S. MidCap Dividend ETF (DON) pays monthly dividends. The most recent ex-dividend date was on March 22, 2024, with a dividend payment of $0.170 per share on March 27, 2024. |
DON Dividend Yield |
As of April 2, 2024, the 30-day SEC yield for DON is 2.31%. This means that for every $100 invested in the fund, investors would receive $2.31 in dividends per year, assuming the yield remains constant. |
DON Dividend History |
DON has a history of paying monthly dividends. The most recent ex-dividend date was on March 22, 2024, with a dividend payment of $0.170 per share on March 27, 2024. |
DON Dividend Payout & Dividend Payout Ratio |
As an ETF, DON does not have a dividend payout ratio like individual stocks. The fund distributes a portion of its net investment income (NII) and realized capital gains to shareholders in the form of monthly dividends, after deducting expenses. |
DON Dividend Growth |
DON's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed. |
DON Dividend Stability |
DON aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of larger U.S. companies. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
DON - Chart
DON - Comparative Analysis
Let's compare DGRO with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Apr 2024)
| DON | PEY | MDYV | |
|---|---|---|---|
| Investment Focus | U.S. mid-cap companies that pay regular cash dividends | U.S. mid-cap companies with high dividend yields | U.S. mid-cap value stocks from the S&P MidCap 400 Value Index |
| Current Yield | 1.51% | 4.86% | 1.63% |
| Expense Ratio | 0.38% | 0.50% | 0.15% |
| Investment Strategy | Passively tracks the WisdomTree U.S. MidCap Dividend Index | Passively tracks the NASDAQ US Dividend Achievers 50 Index | Passively tracks the S&P MidCap 400 Value Index |
| Strengths | Focuses on mid-cap companies with consistent dividend payouts, potentially higher yield than broader market | Invests in mid-cap companies with high dividend yields, potential for income-oriented investors | Broad exposure to mid-cap value stocks, lower expense ratio than DON and PEY |
| Weaknesses | Higher expense ratio than MDYV, potentially more volatile than large-cap dividend ETFs | Highest expense ratio among the three ETFs, potentially less diversified due to its focus on high-yield stocks | Not exclusively focused on dividend-paying stocks, potentially lower yield than DON and PEY |
DON Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Mar 21, 2024 | $0.17 | Mar 24, 2024 | Mar 26, 2024 |
| Feb 22, 2024 | $0.06 | Feb 25, 2024 | Feb 27, 2024 |
| Jan 24, 2024 | $0.02 | Jan 25, 2024 | Jan 29, 2024 |
| Dec 27, 2023 | $0.02 | Dec 28, 2023 | Jan 02, 2024 |
| Dec 21, 2023 | $0.16 | Dec 25, 2023 | Dec 27, 2023 |
DON News
DON Technical Analysis
Conclusion and Risks
The WisdomTree U.S. MidCap Dividend Fund (DON) offers investors a unique opportunity to gain exposure to mid-cap companies in the U.S. that pay regular cash dividends. With a focus on dividend-paying stocks, DON aims to provide a balance of income and growth potential. However, it is essential to consider the risks associated with investing in this ETF.
One of the primary risks is market volatility. The stock prices of the underlying securities in DON's portfolio may fluctuate due to various factors, such as economic conditions, industry trends, and company-specific events. This volatility can affect the ETF's share price and total assets under management.
Another risk to consider is the fund's concentration in mid-cap stocks. While mid-cap companies offer the potential for growth, they may also be more susceptible to market downturns compared to larger, more established companies. Additionally, DON's benchmark index, the WisdomTree U.S. MidCap Dividend Index, is designed to track the performance of mid-cap dividend-paying stocks and may not always align with the broader stock market.
Investors should also be aware of the fund's expense ratio, which is expressed as a percentage of the fund's total assets. As of Mar 22, DON's expense ratio was 0.38%, which is higher than some of its competitors. This cost can impact the fund's overall returns over time.
Before investing in DON or any other ETF, it is crucial to conduct thorough research and consult with a financial advisor. While TipRanks and other financial platforms may provide stock quotes, dividend data, and metrics such as market capitalization, they should not be relied upon as the sole basis for investment decisions. It is also important to note that the information provided in this article does not constitute financial advice, and investors should consider their individual financial situations and risk tolerance before making any investment decisions.
In conclusion, the WisdomTree U.S. MidCap Dividend Fund (DON) can be a valuable addition to a well-diversified portfolio for investors seeking exposure to mid-cap dividend-paying stocks. However, it is essential to understand the risks involved and to make informed decisions based on individual financial goals and circumstances.