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Originally Posted by Hog's Gone Fishin
OK guys, I've been playing with these High Yield dividend funds for almost two years now. The hit on dividend stocks is that the dividend payout depresses the share price .
I've got two that seem to be solid, the share price is stable. If you want a savings account that pays 40% here you go.
AMZY began trading 7/24/23 at $20/ share . Current share price is 19.35, so it's been trading well over a year while paying out a MONTHLY dividend at a 41% rate. AMZN is the underlying so if you believe in Amazon there's no reason to worry. Here's the dividend history:
https://www.yieldmaxetfs.com/our-etfs/amzy/
YMAG,started trading 1/29/24 so we have 9 months data . It also began at $20 and is currently trading at 19.16 and is paying dividends at a rate of 45% and starting two weeks ago changed from a monthly dividend toa WEEKLY dividend. The underlying stocks are the MAG 7 group so if you believe in the MAG 7 there you go. Here's the dividend history:
https://www.yieldmaxetfs.com/ymag/
Not financial advise , do your own research. I'm just sharing as a CP friend. And yes I have these in my daughters retirement account who by the way just began her teaching career . Really proud of her. |
Wrong. Annual rate is 41.44%, not monthly. 3.27% monthly. It's in your link.
Want to know what owning AMZN stock returned you in the past year? 46.86%.
This AMZY dividend minus the share price loss was 41.44% - 2.56% (share price loss) for total return of 38.88%
https://www.yieldmaxetfs.com/our-etfs/amzy/
Total return are all that matters when you are young and focusing on dividends for a young investor like your daughter is NOT the recipe for success. She needs growth and she should focus on total return.