Opinions
Larry Berman CFA, CMT, CTA
Vanguard High Dividend Yield ETF.
VYM-N
BUY
Jun 17, 2019
$86.000
Stock price when the opinion was issued
E.T.F.'s
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BUY
He used two US dividend ETFs: VYM-N and VIG-N. VYM screens companies for their absolute yields, thus overweights financials VIG looks for companies that have increased dividends for the last 10 years and overweight them, which is more cyclical. It's a decent, long-term core holding. Nothing exciting.
E.T.F.'s
BUY
Allan Tong’s Discover Picks VYM in New York holds a basket of big American dividend stocks, starting with JPMorgan Chase, Johnson & Johnson, Procter & Gamble, Exxon, Chevron, Comcast, Verizon, Home Depot and Bank of America. If you object to some of these names on the grounds of ESG, look elsewhere like renewable energy. VYM trades at a reasonable 15.7x PE and pays a 2.8% dividend. That may not be the highest divvy around, but VYM’s MER is only 0.08%. Further, its beta is a safe 0.9. VYM has returned 11.1% annually over the last five years and 10.19% annualized in the past six months. Read 3 Consumer Stocks for Summer for our full analysis.
E.T.F.'s
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[Is there something better?] He likes international: ZWE-T or ZWP-T depending on currency exposure preference. They are taxed higher than in Canada. He likes European dividends.