Unraveling DVY: Exploring iShares Select Dividend ETF and Dividend Information
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 Domestic |
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)
| DVY | VYM | HDV | |
|---|---|---|---|
| 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 |
News
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.