5 Monthly Dividend ETFs with Yields over 10%

These are not only some of the highest-paying dividend funds you'll find but will put cash in your pocket every single month. I've screened for the best monthly dividend ETFs for those over 10% dividend yield. The list of dividend funds is a great start to any portfolio.
Follow these and all the stocks in our 2021 Bow Tie Nation portfolio on Stockcard. Use promo code bowtienation for a special discount beyond the free trial! mystockmarketbasics.com/stock...
I'll reveal those five monthly dividend funds to buy in the video but wanted to share four things to watch for when investing in dividend stocks.
First is you’ll notice a lot of these high-yield dividend funds are CEFs or closed-end funds . Now I’m not usually a fan of these because fees tend to be above 1%, so much higher than ETF fees but they can still provide good income so I won’t totally write them off the list. I did a full video on closed-end funds that I’ll link to in the description below. Make sure you watch that if you’re going to be investing in these but just make sure you compare the expense ratio on any fund you buy.
Don’t miss this video revealing the warning signs and traps in closed-end funds. If you’re going to invest in these dividend funds, you need to watch this video! • What Makes Closed End ...
The most obvious point you want to check is the fund’s dividend history and growth. A lot of these high-yield monthly payers will be the type that pay out all of their income as dividends so that payout is going to fluctuate from month-to-month. Be ready for that but you still want to look for funds that are able to grow the dividend over time.
One thing dividend investors always seem to forget, especially when looking at these high-yield funds is to check out the stock price history as well . Now I understand, the idea is to hold these forever and keep collecting that dividend but if you ever do need to sell then it’s nice to know you can still get something on the shares…that the stock price hasn’t been totally destroyed and eaten up a lot of the dividend return you collected.
Finally here, look at the investment theme and ask yourself if this is a theme that can do well in the current economy. For example, on the Nasdaq Covered Call fund, it will do well if tech stocks are flat or rising slightly but will underperform that Nasdaq index if tech stocks take off. It also won’t protect you from much if tech stocks crash.
🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! mystockmarketbasics.com/daily...
My Investing Recommendations 📈
Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 mystockmarketbasics.com/webull
📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] mystockmarketbasics.com/sprea...
Free Webinar - Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! mystockmarketbasics.com/free-...
₿ Get up to $250 in free bitcoin when you open an account on BlockFi and earn interest up to 7.5% mystockmarketbasics.com/blockfi
STOP losing money trading stocks! This workshop on technical analysis and stock trading will give you everything you need to trade like a pro! Make more profitable trades and make MORE money! Exclusive community discount - click to save 30% mystockmarketbasics.com/trade...
SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. peerfinance101.com/FreeMoneyV...
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

[@josephhogue]

❓ What's your favorite monthly dividend ETF? 💰 One from the list or a different one?

[@bonjourincali]

I have SCHD etf. What do you think? Would USAC be a better option? Or both? Please let me know

[@waynefranklin1527]

I like PEY

[@wallekoala769]

SOXL

[@tomgiles7330]

PCF

[@jonpeterson9539]

How did the draftkings trade pan out???

[@dipeshmistry606]

Love your stuff! Thanks!

[@jayd9613]

USOI!! I bought into it at the end of last year to start my dividend portfolio. I got really lucky with the timing and the oil prices increasing. I've made about 15% in dividends the past 3 months and over 20% in stock price accumulation! Love it. You do have to watch the dividend payout history and be ready for it to dissolve like REML but I think its worth the risk for now.

[@timcronk3088]

Great video. Could you do a anaylsist on redfin or doma holdings. Maybe the whole sector

[@EliaTheItalianGuy]

Very Interesting! Thank you for sharing this!

[@adamkuykendall]

Definitely checking USOI on the first of the month!!!

[@Kannushi5]

Can you go more into the pros and cons of ETNs just like the close-ends? Especially the tax implications.

[@Nemo-yn1sp]

I've got QYLD & RYLD, also 4 CEFs that I hope I've chosen well - ACP, OPP, RIV, & GOF. Most of my dividend stocks are ones you suggested and I did my own DD, which has improved over time (with mistakes, of course). Today I sold PBA (held since you recommended it, up 32%) to buy OPP. HRZN, O, STAG, & MAIN finish off the monthly payers, bringing my overall yield down to 8.87%. I also have a quarterly dividend account, built largely with the education you provided over the last 18 months (brand new in 2020) so that I'm now able to face getting old and relax with a small but livable income because of dividends and careful investing. My SS covers just a little more than what Medicare takes. Gratitude.

[@8Arachne8]

I like XYLD and JEPI. I have been trying to look into ZIM and RIO. Both look pretty good to me, but I was hoping you could include them in a future video. I’m sure you’ll see things I don’t.

[@NolanGouveia]

Great video!

[@SILKHOLLAGAMING]

Thank you do you have a training video

[@wernerschonenberger7668]

Hold USA, RYLD and OHI. Prefer NUSI over QYLD altough it has a lower payout ratio. Will look into these other CEFs that you mentioned.

[@sshumkaer]

Joseph I have a serious question: What do you think about AMZA, PFFA, and Hercules Capital? I bought them in 2021 and they've made me a killing in divided. With energy up AMZA has really been solid.

[@sumedharodrigo1517]

Hi I'm from Australia is this work if I live here..I am really new to this thanks

[@MrAryajoe]

Think one could use these to max out the compounding effect for a few years? Too risky for an average Joe?

[@robertsmith6408]

I am building a dividend stream to help in my retirement. So far I have JEPI at 11.91 Div, JEPQ at 20.02 Div, GLO at 20.21 Div and BSTZ at 13.72. All of these are pretty low now so after this down period they will all have capitol growth without dripping back in. I will then add SCHD, VOO for more growth and some div. Last one i will add are QQQ and VTI for slow growth and low div. I think it is a well rounded portfolio and I fund it by slowly selling off Tesla, that I was an early investor in.

[@milkmaned5770]

Hey Joe!! Long time Subscriber hear!! A Special Shout out to you and all you do!! I came across some SHIPPING Stocks with great Dividends I was hoping maybe you can talk about in the future, 1) GRIN 2) EGLE 3) GOGL 4) SBLK (my favorite) Thanks Joe!!💪🏻💪🏻

[@hansschotterradler3772]

I think Joe covered some of those a year ago or so.

[@Ari-ln4ng]

It is shame that I cannot purchase many of the ETFs you introduce in Japan! (I bought some QYLDs, referring to your info and advice though.)

[@ThePaulgillett]

PDI is a great one!

[@DC-pk5np]

Thank you.

[@benjaminelsbury683]

Thank you for the video , can you explain qyld or Ryld on what will cause the share price will go up?

[@josephhogue]

They own shares of the Nasdaq 100 or the Russell 2000...so when stocks in those indexes go up, the fund will also.

[@samanson7463]

I see that JEPI has a payout ratio of 244%. Should I be concerned? Usually, this is a negative.

[@DanielMurrell]

I've had USOI for the last 2 years and am up 6k plus the huge dividends, its fantastic. Dont know how long it will last but ill just reinvest if it starts to trend downwards after oil prices subtract

[@JOHNHSMITH2]

Liquidates in 2037

[@louis20122]

How's about MORT?

[@alexenzo2651]

U da Boss!

[@toddcole1805]

Bow tie nation thumbs up squad

[@cristobalcardona5592]

I got them all!

[@arigutman]

Great video, very insightful and definitely more of a fail-safe strategy. I think the key is getting in ETFs and/or indexes to build an investment foundation. Once the foundation is built, go about trying to invest in individual stocks. However, when I do look into ETFs or indexes, I look to cover the broad market with both growth and value investments. VTI and VTSAX are my picks!

[@stevencrowthers2887]

If you bought USOI at the start of Jan 2022, based on the first two distributions for Jan and Feb, the prorated dividend is 36%! Granted, I know there is no guarantee that the distributions will stay that high every month, but it’s hard to turn your nose at that return.

[@kasmn7504]

My favorite monthly dividend payer in my portfolio is OXLC. It's a CEF and struggles the way you mentioned (falling share price from inception and dividend cuts), but I lucked out and loaded up in 2020 right after they announced a 50% dividend cut and the price plummeted even more than in previous months. It's hard not to like a stock when I'm up over $3/share, get a decent monthly dividend that got an increase last year, and paid a special dividend at the end of 2021. I don't expect to see much more price appreciation over 2022, although the price fluctuates quite a bit the week leading up to and after the ex dividend date.

[@elizabethjuracko1253]

How's OXLC performing now?

[@kasmn7504]

@@elizabethjuracko1253 It is down close to $3/share since January and more than that since November 2021's highs. So far no dividend cut has been announced (and the dividend is why I invested in OXLC in the first place), but I wouldn'tbe blindsided by one if the market continuesto slide down.

[@robertwilliams2498]

QYLD has been awful for a while and I am in the Red. It is a good thing that my USOI makes up for those losses.

[@garyschmelzer]

I hold QI LD, and I’m thinking about selling it

[@lloydbanks6609]

What type of portfolio is best for QYLD and RYLD, Roth or Taxable account?

[@chags3512]

Not financial advice but it depends what you need it for. If you need it now then taxable. If you need it later, Roth.

[@EdAtoZ]

Joseph, Have you looked at ETF = SCHD ?

[@thomasblack4217]

Could you give me the best ETFs in gold or silver with high dividends

[@stevencrowthers2887]

SLVO and GLDI from credit suisse.

[@iCanFlyWatchMe]

It’s so hard for me to just invest in etfs instead of stock picking even though this is better long term

[@elizabethjuracko1253]

I'm an investing prospect. Why is it so hard?

[@trudoug]

You are difficult to understand the ticker symbols. Please speak more clear. Thanks.

[@rmr9345]

Hey Joseph, one of your recent videos had recommended ZIM shipping stock. The stock went up from 68 to 88 and then now down to 58. It has nothing to do with broader markets’ fluctuations. To pay the $17/share dividend the stock opened $17 lower on Mar 22, 2022. What’s up with that? This is total BS. Can you please revisit this stock in coming videos? It is definitely not a strong buy.

[@NebulaNestDIY]

That is how it works.... 1.00 dividend will = a 1.00 decrease in share price. !0 cent dividend will = a 10 cent decrease in share price. Money is being handed out and it will reflect in the share price.

[@highermountain3106]

Thank u so much but too fast ,so pleas slow down

[@cuongthinhao]

The value of monthly income ETFs has depreciated over the time. That is the dividend trap. It will be better if you pick the SPY or QQQ and then sell put options to collect premium

[@amastal1]

I know but they are expensive and. We need to buy 100

[@cuongthinhao]

@@amastal1 I said that because SPY and QQQ are safer than individual stocks. However we can sell put options of the stocks you are willing to hold for long term like AAPL, AMD, SBUX, WFC,…

[@elizabethjuracko1253]

I did hear him say to be aware of yield growth over time.

[@javy8924]

Hit click as fast as I read the tittle.

[@hitomikagewaki31]

My favorite etf/cef are: AMZA, RA, BST(I really wish I could find another brokerage that lets me buy this) You cannot buy most Cefs on robinhood.

[@Dogbullet]

What about Webull?

[@williamo.2519]

Fidelity Account.

[@jaylee7249]

RYLD, DIVO

[@louis20122]

This is crazy. High yield but the yield is not safe and sustainable for decades

[@masoncnc]

Lol I own them all

[@beespice2772]

I got blockfi because of your video. Thanks a lot. Epic fail

[@jd-ekg-7875]

Santa Warren Buffett… 🎅🙈🐧🐧🤙🏽

[@kaizen5180]

3rd

[@sergioanderson2181]

$32,000 returns in just 16days, my financial life is totally changed

[@channelview8854]

I was really interested in dividends until I realized that true inflation on things I actually buy is over 20%. So by the end of the year I've lost 10%.

[@jb3995]

❤️❤️❤️QYLD.

[@soundstudio1010]

best 10% dividend funds - GOF, PDI, AGNC, RIV, PFLT, QYLD, RYLD, XFLT, CLM, OXLC

[@TheSmartLawyer]

AGNC. Good for you. Good for me!

[@sergioanderson2181]

$32,000 returns in just 16days, my financial life is totally changed

[@elizabethjuracko1253]

I'm an investing prospect. Are those returns due to a large portfolio?