VSDA - VSDA: Arguably Winning Strategy Marred By Lofty Valuation

• VSDA is a concentrated portfolio of carefully selected U.S. large- and mid-cap dividend-paying stocks that have specific quality characteristics pointing to their potential to continue increasing DPS going forward.
• There are a few issues worthy of concern. First, VSDA is one of the most overvalued dividend ETFs amongst those I cover.
• I believe its yield of just ~1.6% is fairly mediocre, and even considering a ~13.7% annual growth in distributions, this might translate only into a ~2.96% in May 2027.
• Quality characteristics and returns are assessed in greater depth in the article.
• This smart-beta ETF is a Hold.

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