Weekly Dividend ETFs: A Review of the Top 7 Funds

What is a Weekly Dividend ETF?

A weekly dividend ETF is an exchange-traded fund (ETF) that pays dividends on a weekly, rather than a monthly or quarterly, basis. This can be an attractive option for investors who are looking for a regular stream of income.

Advantages of Weekly Dividend ETFs

There are several advantages to investing in weekly dividend ETFs, including:

• Regular income: Weekly dividend ETFs provide a regular stream of income that can be used to supplement your retirement income, pay bills, or save for a down payment on a house.
• Tax benefits: Dividends from weekly dividend ETFs are eligible for the dividend received deduction, which can reduce your tax bill.
• Diversification: Weekly dividend ETFs invest in a variety of stocks, so you can diversify your portfolio and reduce your risk.

Disadvantages of Weekly Dividend ETFs

There are also some disadvantages to investing in weekly dividend ETFs, including:

• Lower yields: Weekly dividend ETFs typically have lower yields than monthly or quarterly dividend ETFs. This is because the fund manager has to pay out dividends more frequently, which reduces the amount of money that can be reinvested in the fund.
• Higher fees: Weekly dividend ETFs often have higher fees than monthly or quarterly dividend ETFs. This is because the fund manager has to do more work to distribute dividends more frequently.

Top 7 Weekly Dividend ETFs

The following are the top 7 weekly dividend ETFs, based on their yield and track record:

How to Choose the Right Weekly Dividend ETF

When choosing a weekly dividend ETF, it is important to consider the following factors:

• Yield: The yield is the annual dividend yield of the ETF. The higher the yield, the more income you will receive.
• Expense ratio: The expense ratio is the annual fee that the fund manager charges to manage the ETF. The lower the expense ratio, the more of your money will be invested in the fund.
• Track record: The track record of the ETF shows how it has performed in the past. A fund with a long history of paying dividends is more likely to continue to do so in the future.

Conclusion

Weekly dividend ETFs can be a good option for investors who are looking for a regular stream of income. However, it is important to consider the factors listed above when choosing an ETF.