Source: Benzinga Feeds
The fourth quarter was positive on multiple fronts for dividend investors as domestic payout growth increased, taking some dividend exchange traded funds along for the why. What To Know The SPDR S&P Dividend ETF (NYSE: SDY ) jumped 7.3% in the final three months of 2019. The $19.78 billion SDY tracks the S&P High Yield Dividend Aristocrats Index, which requires member firms to have minimum dividend increase streaks of at least 20 years. Data indicate some SDY components likely kept those streaks alive in the last three months of 2019. “For Q4 2019, aggregate increases amounted to $11.97 billion, up 1.0%, from Q4 2018’s $11.85 billion,” said S&P Dow Jones Indices . “Aggregate dividend cuts, however, decreased 69.9% to $1.35 billion from $4.48 billion for Q4 2018, a period which included the $3.82 billion General Electric dividend … Full story available on Benzinga.com
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