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.
Investment Thesis
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For further details see:
DJD: Why This Fund Will Lag Peer Dividend Paying ETFs