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PEY - DIV: Why You Should Be Cautious Of The Dividend Yield Trap
Invesco High Yield Equity Dividend Achievers ETF
2024-04-19 15:32:17 ET
Summary
Global X SuperDividend U.S. ETF is a sell due to declining share price, high payout ratios, and negative dividend growth rate.
DIV's redeeming qualities are a relatively attractive valuation and low volatility. However, these are not sufficient to warrant a buy rating.
By comparison, DIVO, a peer dividend-yielding ETF, has relatively brighter qualities including capital appreciation along with sustainable payout ratios for its top holdings.