DVY - DVY: Buy For A Balanced Dividend Portfolio And Value Rotation In 2024

2024-04-30 07:21:34 ET

Summary

• DVY pays a good dividend with a respectable dividend growth history.
• DVY has sector bias towards utility and financial sectors and very little in technology. It should do well for inevitable sector rotations.
• DVY can be an excellent complementary sector mix to other dividend ETFs like SCHD.
• Together they offer a better diversification and a well-balanced dividend growth portfolio that should weather well 2024 uncertainties.

The iShares Select Dividend ETF ( DVY ) is a large equity ETF with a focus on dividend-paying companies in the U.S. Like many other large dividend ETFs, DVY offers many benefits, including high dividends, a diversified portfolio, and good risk tolerance. It is particularly interesting to me because DVY has a portfolio structure that puts more weight (27.9%) in the utilities sector. It is also a bit heavy in the financial sector (26.65%), with very little in the technology sector (3.54%). A portfolio like this should be positioned well for possible market rotations in 2024. DVY also features a steady dividend growth history that could make it a great play for a total return. ...

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