11 ETFs With High Monthly Dividends For Steady Passive Income
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There is no one, right way to invest your money. What there is, however, are winning strategies to make sure that you don’t lose capital and that your money compounds over time. One of those strategies is investing in high quality ETFs that pay dividends. The share price growth of these ETFs might not be as explosive as you might see in other ETFs that don’t pay dividends, but when it comes to providing steady monthly passive income, earning dividends is a great option. Especially earning them from this list of the best monthly dividend ETFs.
The stock market is full of companies that pay dividends, but the key to picking winners is not in how high a yield might be. Instead, you should be looking at each stock’s track record of performance and year-over-year dividend growth. It also helps to actually know about, and believe in, the company or EFT you’re investing in.
Best ETFs With High Monthly Dividends
QYLD – Global X NASDAQ 100 Covered Call ETFAnnual Dividend Yield: 12.31%RYLD – Global X Russell 2000 Covered Call ETFAnnual Dividend Yield: 12.15%DHS – WisdomTree US High Dividend Fund Annual Dividend Yield: 2.72%PEY – Invesco High Yield Equity Dividend AchieversAnnual Dividend Yield: 3.50%SPHD– Invesco S&P 500 High Dividend Low Volatility ETFAnnual Dividend Yield: 2.9%SDEM – Global X SuperDividend Emerging MarketsAnnual Dividend Yield: 4.98%PFF – iShares Preferred & Income Securities ETFAnnual Dividend Yield: 5.42%SPFF – Global X SuperIncome Preferred ETFAnnual Dividend Yield: 7.96%SDIV – Global X SuperDividend ETFAnnual Dividend Yield: 10.40%KBWD – Invesco KBW High Dividend Yield Financial ETFAnnual Dividend Yield: 9.52%CID – VictoryShares International High Dividend Volatility Weighted ETF Annual Dividend Yield: 4.6%
Monthly dividends can do one of two things for investors. They can serve as truly passive income in the here and now, or they can be reinvested into more shares which means more monthly dividends and more money. Compounding can be fun!
As always, invest at your own risk. Do your own due diligence before you put your money to work with what ever investment app you’re using.