Does anyone have any dividend-earning ETFs? can somebody offer their experience?
Philip Miele: Ticker: SCHD Exp: I bought some and they pay me.
Warren Greene: Same but VYM and VYMI.
Philip Miele: Also good
Warren Greene: I’m usually a Vanguard groupie but last time I checked Schwab’s fees were getting pretty close if not even on most ETFs.
Matthew Swishman: okay so this ETF pays you the dividends of its constituent stocks, in SCHD case that’s 100 dividend-paying stocks…. what does a payout look like if you don’t mind me asking?
Philip Miele: About 32 cents a share
Warren Greene: Right now VYM is 2.70%, and VYMI is 3.04% (appx $0.64 and $0.47 per share respectively).
Philip Miele: SCHD is like 2.5% I think
Philip Miele: 2.68%
Warren Greene: I think my main beef with Schwab’s high dividend vs Vanguard’s was that Vanguard did quarterly dividends and Schwab was yearly (at least on whatever I was comparing).
Benn Hendricks Sr.: Even better if bought thru Schwab commission free.