SPFF - Global X SuperIncome Preferred ETF Provides A Stable Dividend That Beats Equity Yields
- The Global X SuperIncome Preferred ETF invests in the 50 highest-yielding preferred stocks in the U.S. and Canada.
- SPFF is passively-managed, has a low expense ratio of 0.58%, and, currently, yields 5.83%.
- Preferred stocks provide a higher and more stable dividend than common stocks or bonds and their distributions may also receive favorable tax treatment as qualified dividends.
- Despite the yield, SPFF is a smaller fund ($207.5M in Net Assets) and has seen its NAV slowly diminish over time.
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Global X SuperIncome Preferred ETF Provides A Stable Dividend That Beats Equity Yields