Top 6 Monthly Dividend ETFs for Generating Income in 2023 with High Dividend Yields

by | Sep 24, 2023 | Vanguard IRA | 38 comments




Here are the best monthly dividend ETFs to earn income in 2023. All of these ETFs have a high dividend yield and will pay you dividends you could potentially live off.
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00:00 Introduction
00:14 #6 WisdomTree U.S. High Dividend Fund (DHS)
03:00 #5 S&P 500 High Dividend Low Volatility ETF (SPHD)
04:54 #4 Invesco Preferred ETF (PGX)
06:40 #3 Global X SuperDividend U.S. ETF (DIV)
08:41 #2 Global X SuperDividend ETF (SDIV)
10:58 #1 Invesco KBW High Dividend Yield Financial ETF (KBWD)
13:00 What is dividend yield?
13:45 Find dollar amount you’ll receive based on dividend yield

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. The links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partner websites. The video is accurate as of the posting date but may not be accurate in the future….(read more)

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Top 6 Monthly Dividend ETFs To Earn Income in 2023 (High Dividend Yield)

Investing in ETFs (Exchange-Traded Funds) is a popular and convenient way to diversify your portfolio and earn passive income. Monthly dividend ETFs, in particular, provide investors with a steady stream of income on a monthly basis. In this article, we will discuss the top 6 monthly dividend ETFs to consider for earning income in 2023, focusing on those with a high dividend yield.

1. iShares Select Dividend ETF (DVY):
With a dividend yield of around 3%, the iShares Select Dividend ETF (DVY) is an excellent choice for income-seeking investors. It invests in established U.S. companies that have a history of consistently paying dividends. This ETF provides exposure to various sectors, including finance, utilities, and consumer goods, ensuring a wide range of income-generating assets.

2. Schwab US Dividend Equity ETF (SCHD):
The Schwab US Dividend Equity ETF (SCHD) offers investors exposure to a diversified portfolio of U.S. companies with a consistent track record of paying dividends. With a dividend yield of approximately 2.8%, SCHD provides a reliable stream of income. This ETF focuses on high-quality dividend stocks, making it a suitable choice for conservative income investors.

3. ProShares S&P 500 Dividend Aristocrats ETF (NOBL):
NOBL tracks the performance of the S&P 500 Dividend Aristocrats Index, which comprises companies that have consistently increased their dividends for at least 25 years. The ETF offers a dividend yield of around 2%, making it an attractive option for income-seeking investors looking for stability and consistency.

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4. Global X SuperDividend ETF (SDIV):
For investors seeking higher dividend yields, the Global X SuperDividend ETF (SDIV) offers an attractive option. With a dividend yield of approximately 5.7%, SDIV invests in 100 high dividend-yielding companies globally. It provides exposure to various sectors and geographies, providing diversification and a high potential for income generation.

5. Invesco S&P 500 High Dividend Low Volatility ETF (SPHD):
As the name suggests, SPHD combines high dividend yields with low volatility, making it an appealing option for income-seeking investors looking for stability. This ETF tracks the S&P 500 Low Volatility High Dividend Index and offers a dividend yield of around 3.7%. It holds stocks of companies with historically stable prices and above-average dividend yields.

6. WisdomTree US SmallCap Dividend ETF (DES):
For investors seeking exposure to small-cap dividend-paying companies, DES is an attractive option. This ETF offers a dividend yield of approximately 3.3% and focuses on small-cap stocks that have a history of consistently paying dividends. DES provides diversification and potential for capital appreciation in addition to generating income.

While monthly dividend ETFs provide income on a regular basis, it’s important to consider other factors such as expense ratios, diversification, and historical performance before making investment decisions. It’s advisable to do thorough research and consult with a financial advisor to ensure these ETFs align with your investment goals and risk tolerance.

In conclusion, these top 6 monthly dividend ETFs offer investors an opportunity to earn income in 2023 while enjoying the benefits of diversification and potential capital appreciation. Each ETF has its own unique features and factors to consider, so investors should carefully assess their investment objectives and risk tolerance before making any investment decisions.

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38 Comments

  1. Bradley Mceuen

    Creating wealth and gaining financial freedom isn’t as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..

  2. Bobby mainz

    long-term investors find a promising entry into 2023. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k—attributing it to discipline and focus.

  3. Jose Hoyos

    hey josh

  4. Winigreen

    It worked for us, so it's a great option.

  5. BibleStudywithTeens

    Please do a video on dividend versus non dividend ETF

  6. Classicphotos

    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profitS.

  7. Adel Ramadan

    Is kbwd dividend annually or 30 day?

  8. Esther

    I'm positive that the present market has an equal chance of yielding high-value gains or losses, so I'm careful with my selections; however, I heard that a trader made over $850k in this market, and I could really need tips on how to earn similar profits.

  9. Collins Anioke

    Thanks Joshua for your clear and consice information on investments. For someone who wants to leverage compound interest to growth money, I guess it would be best to ensure "DRIP" is in place instead of cashing out on the dividend monthly, correct? Thanks

  10. Matt Douglas

    A Bank crash/crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.

  11. Kathy Olson

    I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

  12. Ruth spense

    I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

  13. Brain Keener

    Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.

  14. Antonio

    Is the expense ratio something you have to pay out of pocket? For example if I own a share on Robinhood or webull?

  15. asteel1236

    I just can't get over the 5yr historical returns on some of these is greater than 20-30% NEGATIVE. How will you make up the principal ? There has to be some positive ETFs out there.

  16. liu zhang

    Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

  17. aubrey woolman

    I wasn't financial free until my 30’s and I’m still in my 30’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

  18. Justo Buonomo

    Why fidelity paying 0.035 per. Share? on O X S Q . Charles schyahoo yahuoo finance and vanguard is paying 0.04 ? What is up with that ?

  19. ampiciline

    can you talk about the amount of TAX we have to pay on earned dividends ?

  20. Samy M

    Yes but what if the price of share fall? So basically lost ur money out of dividend

  21. Paul Thomas

    Did you look at Jepi 11+% monthly only in business 2+ years but it looked good to me what do you think?

  22. Albacus

    When choosing between these types of funds, it's important to consider your invest-ment goals, and the fees associated with each type of fund. its important to carefully consider the potential risks and drawbacks associated with each type of investment fund before making decisions. I’ve seen of people losing over $650k to the volatile market

  23. Rick Johnson

    Good content, as usual. I really like how you present topics. I know you posted this a year ago, but I just found it. I've been looking for additional areas in which to invest in my brokerage portfolio, so the topic line caught my eye. I like the idea of monthly payments. I've done a side-by-side analysis of the six funds and liked the first 3 the best. Ironically, I own and am buying the PGX fund. I'll look into how I might be able to use these funds in my expanded investments. Thanks, man.

  24. Michael Gordon

    HDLB 2x leveraged high dividend low volatility exchange traded notes
    by Etracs from UBS yields 11-12%.SMHB yields20%SVOL yields 17%..plenty of other stocks/etfs/etns to get more bang for your buck while you trade the ranges

  25. Michael Gordon

    SVOL,SMHB,PSEC,MVRL,HDLB,NML,ARR,EARN,EFC,DX,MLPR,CLM,CHMI,PFFL,EDF,PTY,PHK, ECC,OXLC,XFLT..15-20% yields..all about buying low,collecting dividends, selling higher. Rinse and repeat. Love the 1.5 to 2x leveraged etns. Great capital appreciation trades and high income. Not for the faint of heart. Highly volatile.

  26. Shumaila Khan

    Plz make a video on how to purchase etf stocks from reliable source n how do they pay us monthly

  27. Jess83

    Can I start with 100 dollars

  28. Isaac Aguirre

    New to investing, would it be best to invest these stocks into an Individual account or a Roth IRA?

  29. Adnilyoj

    Do you have to invest at least $10,000 to get profit out of ETFs?

  30. gate access

    what was your journey, did you start mainly in dividend stocks? if so what did you start at and how long did it take for you to go from broke like me, to financially free?? please elaborate!

  31. DD NG

    直接專業不廢話 超讚

  32. Victor Sanchez

    My top dividend etf's.
    Schd $75 3.5%Y .06ER
    SPYD $37 4.95%Y .07ER
    HDV $99 3.69%Y .08ER
    Xlre, frel, vnq, and vym as well

  33. Jon Bohanan

    Which ones are better for taxes though?

  34. Steve Hall

    Is there any place to find out if the fund pays mostly qualified dividends as apposed to regular ones? I’d rather pay no taxes on if possible.The only place I've found is my 1099-div forms, but id like to find out about the qualified payouts
    before I buy.

  35. Scooter Bell

    YouTube must like you a lot. I was only a few minutes in and they already put advertisements up four or five times. Can't handle ads I can't skip

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