Unraveling DVY: Exploring iShares Select Dividend ETF and Dividend Information

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DVY - Market Position

Ticker Symbol Product Type Asset Class Strategy Payment Frequency Geographic Focus Expense Ratio Sponsor
DVY ETF Equity Dividend ETF High Dividend Yield Quarterly US
0.39% BlackRock

DVY Overview - iShares Select Dividend ETF

The iShares Select Dividend ETF (DVY) is an exchange-traded fund designed to track the investment results of the Dow Jones U.S. Select Dividend Index. DVY aims to provide investors with income from dividend-paying U.S. equities while also offering an opportunity for capital appreciation.

DVY primarily invests in dividend-paying stocks of companies domiciled in the United States. The ETF's portfolio is selected based on criteria such as dividend yield, dividend growth, and payout ratio, aiming to provide investors with exposure to companies with a history of consistent dividend payments.

Investors interested in DVY can track its performance and dividend history through financial platforms like Morningstar and TipRanks. While past performance is not indicative of future results, DVY's focus on dividend-paying stocks may appeal to those seeking both income and the potential for long-term growth.

DVY - Price / Yield

DVY - Portfolio and Asset Allocation

The iShares Select Dividend ETF (DVY) maintains a diversified portfolio primarily composed of high-dividend-paying U.S. equities. With holdings such as Altria Group Inc. (MO), Verizon Communications Inc. (VZ), and AT&T Inc. (T), DVY offers exposure to established companies with a history of consistent dividend payments. These holdings span across sectors such as utilities, financials, consumer cyclicals, and consumer defensives, reflecting a balanced approach to sector allocation.

DVY's sector breakdown emphasizes utilities (27.51%), financials (26.48%), consumer cyclicals (10.85%), consumer defensives (9.33%), communication services (5.77%), energy (5.19%), healthcare (4.61%), basic materials (4.42%), technology (3.66%), and industrials (2.20%). This allocation underscores the ETF's focus on stable, income-generating sectors while maintaining exposure to various industries.

The asset allocation strategy of DVY aligns with its objective of providing investors with income and potential capital appreciation. By investing in dividend-paying stocks across different sectors, DVY aims to mitigate risk while offering a competitive dividend yield. Moreover, the ETF's moderate buy ratings on several holdings indicate market confidence in their performance potential.

Overall, DVY's portfolio composition reflects a strategic blend of income-generating securities across different sectors, providing investors with diversification and potential for long-term growth. However, investors should consider their risk tolerance and investment objectives before allocating capital to DVY.

Top 10 Holdings

As of April 16, 2024, the top 10 holdings of the iShares Select Dividend ETF (DVY) are:

Name Weight
Altria Group Inc. (MO) 2.81%
Verizon Communications Inc. (VZ) 1.87%
AT&T Inc. (T) 1.79%
Truist Financial Corporation (TFC) 1.70%
KeyCorp (KEY) 1.68%
Philip Morris International Inc. (PM) 1.67%
Dominion Energy Inc. (D) 1.67%
Oneok Inc. (OKE) 1.65%
Citizens Financial Group (CFG) 1.64%
Pfizer Inc. (PFE) 1.64%

Asset Allocation

The iShares Select Dividend ETF (DVY) has the following asset allocation as of April 16, 2024:

Sector Weight
Utilities 27.51%
Financials 26.48%
Consumer Cyclical 10.85%
Consumer Defensive 9.33%
Communication Services 5.77%
Energy 5.19%
Healthcare 4.61%
Basic Materials 4.42%
Technology 3.66%
Industrials 2.20%

Dividend Yield and Distribution History

Section Details

DVY Dividend Data

The iShares Select Dividend ETF (DVY) pays quarterly dividends. The most recent ex-dividend date was on March 21, 2024, with a dividend payment of $0.99757 per share on March 27, 2024.

DVY Dividend Yield

As of April 12, 2024, the dividend yield for DVY is 3.80%. This indicates the annual dividend income relative to the current market price of the ETF.

DVY Dividend History

DVY has a history of paying quarterly dividends. The dividend payments may vary based on the performance of the underlying dividend-paying stocks held by the ETF.

DVY Dividend Growth

DVY's dividend payments are influenced by the dividend growth and performance of the underlying stocks in the ETF's portfolio. The ETF's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time.

DVY Dividend Stability

DVY aims to provide a relatively stable income stream by investing in high-quality, dividend-paying U.S. equities. However, dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the ETF's portfolio.

DVY - Chart

DVY - Comparative Analysis

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

Investment Focus High-dividend-paying U.S. equities High-yielding, large-cap U.S. stocks High-dividend-yielding, large-cap U.S. stocks
Current Yield 3.79% 3.02% 3.35%
Expense Ratio 0.39% 0.06% 0.08%
Investment Strategy Passively tracks the Dow Jones U.S. Select Dividend Index Passively tracks the FTSE High Dividend Yield Index Passively tracks the Morningstar Dividend Yield Focus Index
Strengths Consistent dividend income, exposure to high-dividend-paying stocks Low expense ratio, broad exposure to high-yield U.S. stocks Higher yield than DVY and VYM, low expense ratio
Weaknesses Relatively higher expense ratio, potentially less diversification 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 20, 2024 $1.00 Mar 21, 2024 Mar 26, 2024
Dec 19, 2023 $1.19 Dec 20, 2023 Dec 26, 2023
Sep 26, 2023 $1.46 Sep 27, 2023 Oct 02, 2023
Jun 07, 2023 $0.82 Jun 08, 2023 Jun 13, 2023
Mar 22, 2023 $1.01 Mar 23, 2023 Mar 29, 2023


Technical Analysis

Additional Information and Risks

Investors should recognize that DVY is an iShares Core product, managed by BlackRock, a reputable asset management firm. As of Mar 21, the fund's net assets and next dividend date can be obtained by visiting the iShares website.

Understanding DVY's dividend history and stock dividend history is essential for informed decision-making. It's imperative to acknowledge that returns for BlackRock and iShares funds, including DVY, are based on holdings and may fluctuate over time.

Moreover, investors should review the BlackRock fund prospectus pages for comprehensive details, including management fees and distributions. It's important to note that investment return and principal value can fluctuate, and past performance does not guarantee future results.

DVY's impact or ESG investment strategy aligns with the temperature goal of the Paris Agreement, aiming to reduce emissions over time. However, it's vital to recognize the assumptions and limitations of ESG metrics and estimation methods. Additionally, there is no warranty regarding the accuracy of revenue from thermal coal or oil sands, as defined by MSCI ESG Research.

Investors should exercise caution and conduct thorough research before making investment decisions. The information provided is for transparency purposes and not a recommendation to invest. BlackRock expressly disclaims any indication or estimate regarding future investment performance.