DIVO - DIVO: Great Alternative Dividend ETF To SCHD

2024-03-29 08:30:00 ET

Summary

• Amplify's Enhanced Dividend ETF offers a higher dividend yield compared to alternatives like SCHD and VIG.
• DIVO focuses on large cap growth and value stocks with a history of growing dividends. The fund also uses an option strategy with covered calls.
• DIVO provides monthly dividend distributions, making it ideal for investors nearing or in retirement who rely on income.

Overview

Dividend ETFs are always a great way to gain a portfolio of diverse holdings that prioritize dividend income. Amplify's Enhanced Dividend ETF ( DIVO ) offers a way to get a higher dividend yield than alternatives like Schwab's Dividend Equity ETF ( SCHD ) or Vanguard Dividend Appreciation ETF ( VIG ). Comparing the performance of all three of these funds, we can see the outperformance of DIVO and VIG compared to SCHD. Also, while the price of DIVO may not appreciate as much as VIG, the total return is nearly on par because of the higher distribution....

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