Unlocking Dividend Potential: SPYD Portfolio Insights and SPDR® Dividend Yield in 2024
SPYD - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| SPYD | ETF | Equity Dividend ETF | High Dividend Yield | Quarterly | US Domestic | 0.07% | SPDR® (Ssga Funds Management, Inc.) |
SPYD Overview - SPDR® Portfolio S&P 500 High Dividend ETF
The SPDR® Portfolio S&P 500 High Dividend ETF (SPYD) is a popular investment vehicle designed to provide investors with exposure to high dividend-yielding stocks within the S&P 500 index. As an exchange-traded fund (ETF), SPYD offers a diversified portfolio of companies that have a strong track record of distributing dividends. This ETF focuses on companies with high dividend yields, making it an attractive option for income-seeking investors.
One of the key strategies of SPYD is to target companies with a history of stable and growing dividend payments, which can contribute to a consistent stream of income for investors. SPYD's dividend focus aligns with the investment goals of many investors who prioritize income generation and dividend growth.
In terms of portfolio composition, SPYD includes a mix of sectors from the S&P 500, with an emphasis on companies known for their dividend-paying capabilities. This diversification helps reduce single-stock risk while still capturing the potential benefits of dividend investing.
Investors in SPYD also benefit from the liquidity and transparency of the ETF structure, as it trades on major exchanges like any other stock, allowing for easy buying and selling throughout the trading day. Overall, SPYD serves as a valuable tool for investors seeking income, dividend-focused strategies, and diversification within their portfolios.
SPYD - Price / Yield
SPYD - Portfolio and Asset Allocation
SPDR® Portfolio S&P 500 High Dividend ETF (SPYD) offers a well-diversified portfolio with a focus on high dividend-yielding stocks. Analyzing its top holdings reveals a mix of companies across various sectors:
- Real Estate (25.79%): Companies like Iron Mountain (IRM) and Eversource Energy (ES) contribute to the fund's exposure in this sector.
- Financial (20.61%): Citigroup Inc (C) and Public Service Enterprise (PEG) represent significant holdings, showcasing SPYD's interest in financial stability.
- Utilities (17.87%): Oneok Inc (OKE) and Dominion Energy Inc (D) are key players, emphasizing SPYD's investment in essential services.
This allocation strategy indicates a balanced approach, spreading risk across sectors while targeting companies with proven track records of dividend payments. The portfolio's diversification minimizes single-stock exposure, enhancing stability.
Furthermore, SPYD's asset allocation aligns with market trends and economic fundamentals, providing investors with opportunities for income generation and potential capital appreciation. Its strong focus on companies with sustainable dividend yields reflects a strategy tailored for long-term value creation and investor confidence.
Top 10 Holdings
As of April 26, 2024, the top 10 holdings of the SPDR® Portfolio S&P 500 High Dividend ETF (SPYD) are:
| Name | Weight |
|---|---|
| Hasbro (HAS) | 1.52% |
| Citigroup Inc (C) | 1.48% |
| Oneok Inc (OKE) | 1.47% |
| Public Service Enterprise (PEG) | 1.47% |
| Ford Motor Company (F) | 1.47% |
| Iron Mountain (IRM) | 1.44% |
| Dominion Energy Inc (D) | 1.44% |
| Eversource Energy (ES) | 1.43% |
| Williams Companies (WMB) | 1.43% |
| Chevron (CVX) | 1.41% |
Asset Allocation
The SPDR® Portfolio S&P 500 High Dividend ETF (SPYD) has the following asset allocation as of April 26, 2024:
| Sector | Weight |
|---|---|
| Real Estate | 25.79% |
| Financial | 20.61% |
| Utilities | 17.87% |
| Healthcare | 6.98% |
| Consumer Defensive | 6.70% |
| Consumer Cyclical | 6.69% |
| Energy | 5.71% |
| Basic Materials | 2.70% |
| Communication Services | 2.45% |
| Industrials | 2.45% |
| Technology | 1.32% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
SPYD Dividend Data |
The SPDR® Portfolio S&P 500 High Dividend ETF (SPYD) pays quarterly dividends. The most recent ex-dividend date was on April 15, 2024, with a dividend payment of $0.30 per share on April 30, 2024. |
SPYD Dividend Yield |
As of April 26, 2024, the 30-day SEC yield for SPYD is 4.58%. This means that for every $100 invested in the fund, investors would receive $4.58 in dividends per year, assuming the yield remains constant. |
SPYD Dividend History |
SPYD 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. |
SPYD Dividend Growth |
SPYD'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. |
SPYD Dividend Stability |
SPYD aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of larger U.S. companies within the S&P 500 index. 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. |
SPYD - Chart
SPYD - Comparative Analysis
Let's compare SPYD with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Apr 2024)
| SPYD | VYM | HDV | |
|---|---|---|---|
| Investment Focus | High-dividend-yielding, large-cap U.S. stocks | High-yielding, large-cap U.S. stocks | High-dividend-yielding, large-cap U.S. stocks |
| Current Yield | 4.58% | 3.02% | 3.35% |
| Expense Ratio | 0.07% | 0.06% | 0.08% |
| Investment Strategy | Passively tracks the S&P 500 High Dividend Yield Index | Passively tracks the FTSE High Dividend Yield Index | Passively tracks the Morningstar Dividend Yield Focus Index |
| Strengths | Higher yield, low expense ratio | Low expense ratio, broad exposure to high-yield U.S. stocks | Higher yield than VYM, low expense ratio |
| Weaknesses | Less diversification than broader dividend ETFs, 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 | Record Date | Payment Date | Dividend Amount |
|---|---|---|---|
| Mar 14, 2024 | Mar 17, 2024 | Mar 19, 2024 | $0.37 |
| Dec 14, 2023 | Dec 17, 2023 | Dec 19, 2023 | $0.53 |
| Sep 15, 2023 | Sep 18, 2023 | Sep 20, 2023 | $0.44 |
| Jun 16, 2023 | Jun 20, 2023 | Jun 22, 2023 | $0.47 |
| Mar 16, 2023 | Mar 19, 2023 | Mar 21, 2023 | $0.39 |
News
Technical Analysis
Additional Information and Risks
SPYD offers investors exposure to a diversified portfolio of high dividend-yielding companies within the S&P 500 index. The fund's strategy focuses on equity securities that pay dividends, providing investors with dividend income and potential for dividend yield growth over time.
Investors should consider several factors before investing in SPYD. While the fund's indicated dividend is measured by taking the latest dividend paid, it's important to note that dividend payouts may fluctuate based on the activities of individual companies and general market conditions.
The fund's performance returns and future performance are not guaranteed and may be affected by factors such as market volatility, economic conditions, and changes in the dividend-yielding companies within the S&P 500 index. Additionally, investors should be aware of the fund's expense ratio, which is an indicator of the total annual operating costs.
SPYD provides an opportunity for investors seeking exposure to high dividend-yielding companies, but it's essential to carefully assess the fund's characteristics, risks, and past performance before making investment decisions.