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The Invesco S&P 500 High Dividend Growers ETF (DIVG) aims to replicate the investment results, before fees and expenses, of the S&P 500 High Dividend Growth Index. This fund generally allocates at least 90% of its total assets to the securities that make up this specific index. The index selects 100 companies from the S&P 500 universe that demonstrate the highest anticipated dividend yield growth, incorporating a 20% buffer to help reduce turnover. To be eligible, stocks must have a positive forecasted dividend yield and an unbroken history of paying dividends for a minimum of five consecutive years. The ETF's holdings are reviewed and adjusted semi-annually, occurring in April and October.
Is DIVG's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Invesco S&P 500 High Dividend Growers ETF (NYSEARCA:DIVG - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 467 shares, a growth of 46.9% from the December 15th total of 318 shares. Currently, 0.2% of the company's shares are sold
Picking individual stocks takes a lot of work, and for all of that effort, you still may underperform the stock market.
Do you like the idea of ever-growing dividend income, but aren't interested in keeping tabs on a portfolio of individual stocks? There's a simple solution: Own a handful of exchange-traded funds (ETFs) instead.
The new Invesco S&P 500 High Dividend Growers ETF selects 100 companies from the S&P 500 Index that have increased or maintained dividend per share payments for five years. DIVG has a 0.39% expense ratio and only $2.8 million in assets under management with 100K shares outstanding. I estimate the ETF yields 3.44% at current prices. DIVG is a solid income play, as its Index's unique calculation for forecasted dividend growth ends up emphasizing dividend yield more. However, there are no additional quality screens.
The new ETF DIVG looks to pick about 100 stocks with the highest forecasted dividend yield growth from the eligible stocks in the index. Stocks will have a forecasted dividend yield greater than zero and continue a dividend yield every year for at least five consecutive years.