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DJD - DJD: Why This Fund Will Lag Peer Dividend Paying ETFs
Invesco Dow Jones Industrial Average Dividend
2024-06-12 05:13:09 ET
Summary
Invesco Dow Jones Industrial Average Dividend ETF is a sell due to the high average payout ratio and low growth potential of its top holdings.
While DJD has the highest dividend yield compared to peer Schwab, Vanguard, and Fidelity funds, it has the lowest overall return when including share price and expense ratio.
The Fund has significant weight on its top holding, 3M, which is lagging due to lawsuits, processes that detract from innovation, and a high payout ratio.