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My 2c is that the management expense is quite high at 0.65%.


SSGA, Russell and Vanguard have high yield ETFs (SYI , RDV and VHY) with fees at 0.35%, 0.34%, and 0.25% respectively. Worth at least checking them out. I don't think the monthly payout is justifies the extra fee, so they must have a really magical methodology.


Make sure you understand that dividends are a privilege, not a right for investors and they don't really represent income per se (you will notice that the value of a  stock will generally decline by the dividend amount paid on the ex-dividend date) but rather the transfer of cash from the business back to shareholders.


Over the long term you can expect high dividend stocks to generally provide a total return equal to (not greater than) the market return despite its lower dividend yield. This is mostly because dividend yield is not a full representation of the cash returned to shareholders, thereby giving an incomplete picture of the relative yields of the asset universe.


https://en.wikipedia.org/wiki/Shareholder_yield


The total "yield" consists not just of dividends, but also share buybacks and paydowns on long term debt. All 3 are pretty much functionally equivalent to shareholder returns, but for some reason, some people prefer the dividend over the other two.


Don't forget to pay attention to franking credits.


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