RDVY ETF: Unveiling Dividend Information, Yield, Price, Date, and Analysis

Author Image By Michael D Ashley

RDVY - Market Position

Ticker Symbol Product Type Asset Class Strategy Payment Frequency Geographic Focus Expense Ratio Sponsor
RDVY ETF Equity Dividend ETF High Dividend Yield Quarterly US
0.50% First Trust

RDVY Overview - First Trust Rising Dividend Achievers ETF

RDVY ETF Overview: The RDVY ETF, also known as the First Trust Rising Dividend Achievers ETF, is designed to provide investors with exposure to U.S. companies that demonstrate a consistent track record of rising dividends. It tracks the performance of the Nasdaq U.S. Rising Dividend Achievers Index, comprising companies that have increased dividends for a minimum of 5 consecutive years.

The investment strategy of RDVY focuses on high-quality companies that exhibit dividend growth potential. This ETF aims to offer investors a blend of income and capital appreciation by investing in dividend-paying stocks across various sectors such as technology, healthcare, consumer goods, and financials.

RDVY's approach emphasizes companies with a strong commitment to shareholder value through dividend increases. It targets companies that demonstrate financial health and the ability to sustain and grow their dividends over time, providing investors with income stability and the potential for long-term growth.

With a competitive expense ratio and a focus on dividend sustainability, RDVY appeals to investors seeking diversified exposure to dividend-paying stocks within the U.S. equity market. Its dividend-focused investment strategy aligns with the objectives of investors looking for consistent income and potential capital appreciation.

RDVY - Price / Yield

RDVY - Portfolio and Asset Allocation

The RDVY ETF's top 10 holdings demonstrate a diverse portfolio across various sectors, showcasing a strategic approach to portfolio diversification. Holdings like EOG Resources Inc. and Exxon Mobil Corp. in the Energy sector, American Express Company in Financials, and Discover Financial Services in Consumer Cyclical reflect a balanced exposure to key industries.

Additionally, the asset allocations of RDVY further emphasize this diversification, with significant weightage in Financial (40.64%), Technology (18.98%), and Energy (10.72%) sectors. This allocation strategy aims to capture growth opportunities while mitigating risks associated with sector concentration.

RDVY's portfolio also includes companies with moderate buy and strong buy ratings, indicating investment quality and potential for long-term performance. The presence of companies with upside potential and dividend growth prospects aligns with the ETF's objective of delivering income stability and capital appreciation for investors.

In conclusion, RDVY's holdings and portfolio composition reflect a well-rounded investment strategy focused on diversification, quality, and growth potential across sectors, making it an attractive choice for investors seeking a balanced approach to equity investments.

Top 10 Holdings

As of April 23, 2024, the top 10 holdings of the First Trust Rising Dividend Achievers ETF (RDVY) are:

Name Weight
EOG Resources Inc. 2.20%
Exxon Mobil Corp. 2.18%
Magnolia Oil & Gas 2.17%
Jackson Financial Incorporation Class A 2.15%
American Express Company 2.14%
Capital One Financial Corp. 2.13%
Chesapeake Energy Corporation 2.12%
Discover Financial Services 2.11%
Bank of America 2.11%
Equitable Holdings, Inc. 2.10%

Asset Allocation

The First Trust Rising Dividend Achievers ETF (RDVY) has the following asset allocation as of April 23, 2024:

Sector Weight
Financial 40.64%
Technology 18.98%
Energy 10.72%
Basic Materials 8.01%
Industrials 7.84%
Consumer Cyclical 7.75%
Communication Services 3.95%
Healthcare 2.10%

Dividend Yield and Distribution History

Section Details

RDVY Dividend Data

The Rising Dividend Achievers ETF (RDVY) pays quarterly dividends. The most recent ex-dividend date was on March 21, 2024, with a dividend payment of $0.2238 per share on March 28, 2024.

RDVY Dividend Yield

As of April 18, 2024, the dividend yield for RDVY is 2.06%. This means that for every $100 invested in the fund, investors would receive 2.06% in dividends per year, assuming the yield remains constant.

RDVY Dividend History

RDVY has a history of paying quarterly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund.

RDVY Dividend Growth

RDVY’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.

RDVY Dividend Stability

RDVY 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.

RDVY - Chart

RDVY - Comparative Analysis

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

Investment Focus High-dividend-yielding U.S. stocks High-yielding, large-cap U.S. stocks High-dividend-yielding, large-cap U.S. stocks
Current Yield 2.06% 2.92% 3.39%
Expense Ratio 0.46% 0.06% 0.08%
Investment Strategy Actively managed, focuses on attractively valued companies with consistent dividend growth potential Passively tracks the FTSE High Dividend Yield Index Passively tracks the Morningstar Dividend Yield Focus Index
Strengths Potential for dividend growth, diversified exposure to high-dividend-paying companies Consistent dividend growth, low expense ratio Higher yield than RDVY and VYM, low expense ratio
Weaknesses Higher expense ratio than passively managed funds, potentially lower current yield 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 $0.22 Mar 21, 2024 Mar 27, 2024
Dec 21, 2023 $0.34 Dec 25, 2023 Dec 28, 2023
Sep 22, 2023 $0.22 Sep 25, 2023 Sep 29, 2023
Jun 27, 2023 $0.30 Jun 28, 2023 Jun 30, 2023
Mar 23, 2023 $0.21 Mar 27, 2023 Mar 31, 2023


Technical Analysis

Additional Information and Risks

In conclusion, analyzing the performance of RDVY ETF provides valuable insights into the stock market landscape. The stock price of RDVY, coupled with its dividend information and analyst ratings from platforms like TipRanks, offers investors a comprehensive view of its potential. However, it's crucial to note some inherent risks.

One risk factor is the volatility in the market, which can impact RDVY's dividend payments and stock performance. Leveraging the NASDAQ and other technical metrics can help mitigate these risks, but they still pose challenges. Security incidents and market fluctuations can affect RDVY's dividend history and future payment dates.

Investors should also consider ETF trends and industry insights to make informed decisions. While RDVY is rated well by financial advisors, researching its net leverage and underlying assets is essential for a balanced portfolio. TipRanks and NASDAQ.com are premier sources for ETF news and stock quotes, aiding investors in understanding RDVY's relative performance and long-term outlook.

As with any investment, conducting thorough due diligence and staying updated on market trends is paramount. While RDVY offers opportunities, it's important to diversify and manage investment risks effectively.