Lets talk dividends. I recently found out about this stock and I gotta say its got me excited. If you have read any of my earlier posts talking about my portfolio you know I love dividends! I’ve been using mostly Ford as my high paying dividend stock, but now that I have discovered SPHD things have changed.
SPHD is an exchange-traded fund that combines the top 500 dividend paying stocks into one. The ETF finds the stocks with the lowest volatility and high dividend rate, and pays dividends monthly. I sold off my Ford shares and used that money to purchase ten (SPHD High Dividend Low Volatility Shares). The ETF (SPHD) is also up 31% over the last five years, and a dividend yield of 4.53% annually. Now that’s what I call growth! SPHD is the top dog of dividend ETFs.
Every great portfolio has dividend paying stocks, by owning shares of SPHD you don’t have to find a specific dividend stock to invest in instead you can invest in the top 500 in one fund. Another benefit is dividends also help reduce the risk and volatility of a portfolio by providing a steady stream of passive income. Who doesn’t love passive income?