Nov 14, 2022
3 mins read
Dividend ETF's to Buy in November: A list of the TOP 3 Dividend stocks/ ETF's with some of the largest dividend payouts.
Investors have a wide variety of investments to choose from, and dividend stocks/ ETF's are often at the top of the list when it comes to income. Dividends are cash payouts you receive periodically that come from your investment. The following list of ETF's payout MONTHLY and can provide supplemental income throughout the year.
Company: ACP (Abrdn Income Credit Strategies Fund)
Company ACP (Abrdn Income Credit Strategies Fund) is a closed-end fund that invests primarily in high yield corporate bonds. The fund's objective is to provide a high level of income and moderate capital appreciation. ACP has a portfolio of 107 holdings with an average credit quality of BB+. The portfolio is diversified across sectors with the largest allocations to energy (19%), industrials (16%), healthcare (13%), and financials (11%). The Funds top holdings include Kinder Morgan Inc (KMI), Williams Companies Inc (WMB), Phillips 66 Partners LP (PSXP), and Magellan Midstream Partners LP (MMP).
The current annual dividend yield of 18.49%, produces $0.30 per share quarterly, an average of approximately $0.10 per share monthly. Using my $100 investment test, that would be approximately $4.62 return per quarter or $1.54 a month return on investment. PCF is currently trading at approximately $6.49 per share at the time of this article.
Company: PCF (High Income Securities Fund)
PCF (High Income Securities Fund) PCF is a high-yield securities fund that invests in a variety of debt instruments, including corporate bonds, junk bonds, and mortgage-backed securities. The fund has a yield of 12.90%, per annum which is one of the highest in the sector. PCF is a good choice for income investors looking for high yields and diversification in their portfolio.
The current annual dividend yield of 12.90%, produces $0.22 per share quarterly, an average of approximately $0.07 per share monthly. Using my $100 investment test, that would be approximately $3.22 return per quarter or $1.07 a month return on investment. PCF is currently trading at approximately $6.83 per share at the time of this article.
Company: DX (Dynex Capital Inc.)
Dynex Capital Inc. (DX) is a publicly traded mortgage real estate investment trust (REIT) that invests primarily in mortgage-backed securities. The company was founded in 2006 and is headquartered in New York, NY. As of September 30, 2020, Dynex Capital Inc. had $8.4 billion of assets under management. The company's common stock is listed on the New York Stock Exchange and trade under the ticker symbol "DX". At the time of this article DX is offering an annual dividend yield of 12.07%, that’s $0.39 per share quarterly, an average of $0.13 per share monthly.
Using my $100 investment test, that would be approximately $3.01 return per quarter or $1.00 a month return on investment. DX is currently trading at approximately $12.92 per share at the time of this article.
Dividend Stocks Your Way to Passive Income
Dividend stocks can be a great way to generate passive income. There are a lot of different ways to approach dividend investing, so you can find a method that fits your investment goals and style. One popular way to invest in dividend stocks is through a dividend reinvestment plan (DRIP). With a DRIP, you reinvest your dividends back into the company, which allows you to buy more shares and increase your ownership stake over time. This can be a great way to build up a large position in a company you believe in over the long term.
Another option is to use dividend stocks as part of a income strategy. With this approach, you focus on generating cash flow from your portfolio by selling shares of stock when they pay dividends or simply harvest cash dividends. This can help you generate regular income from your investments without having to sell your shares outright.
No matter which approach you take, dividend stocks can be a great way to build long-term wealth or generate passive income. Do your research and pick some good companies with strong dividend programs to get started. Fidelity is one of the many platforms you can use to manage your investments, but you can purchase these stocks on any platform where you buy your favorite stocks.
Please note, I am not a financial advisor, and this article does not constitute financial advice. It is well researched financial commentary. With Stock markets in a constant state of flux you are strongly encouraged to apply due diligence before making any financial investments.
To financial freedom my friends. Salud! There is enough for all of us, Cheers!
Links within this article are connected to our referral ID, we may be granted an award if you sign up for an account using one of our links.