Favorite High Yield ETF?
 

Anybody have a favorite or one they have happily owned for a few years?

I have been scrounging around, searching and found some interesting possibilities.

AMLP and JEPI are the two I am considering at present. AMLP is stated to be an index fund but has a 40% turnover? It has an expense ratio of 0.85% - which is much higher than I really want to have to go with an index fund - and comprises MLPs. The nice thing about it is it reports dividend income on a 1099. The three MLPs I currently own, all of which are significant holdings within AMLP, each send me a K-1 which my accountant needs to individually record on my 1040. It would be nice to hold a handful of MLPs and only have to deal with a single 1099.

JEPI is another matter. It is actively managed with an expense ratio of 0.35% which might be reasonable.

Although this is not what you're asking for, I have had positive results, on a strictly dividend basis, for MANY years, with HPF, HPI, and HPS. I don't know how they do it exactly, but the interest keeps rolling in.
Currently, CDs and money markets will get 5% without much effort. I know, blah blah blah inflation . . . but I only need another 20 years or so, and most stocks I buy go down.

Read Kiplingers they suggest several.

AMLP does not sound like a regular ETF. It better have a super tract record to consider such an investment.

Thank you. I checked them out. They are CEFs, The management fees run 1.21% and there are other expenses. They do pay high dividends but their five year performance seriously lags the 71% of the S&P 500. HPF's was 11.31%; HPI's was 3.37%; HPS's was 17%. Lagging the S&P 500 is of course expected of high dividend ETFs but at age 82 I am realigning my portfolio from growth to dividend stocks.

In 2021 and 2022 I bought MLPs PAA (up 80%) and ET (almost doubled). I recently bought some MPLX, down 50 cents a share for me. They each currently pay dividends in the 7+ - 8+ percent range. Who knows if or when they will drop or rise in value. I bought them more for their dividends than any increase in value which turned out to be quite a bonus.

Anyway I am searching for relatively reliable dividend payers and believe there is more stability in ETFs than in individual company shares which is why I posted this thread.

Thank you for mentioning Kiplinger. I have some SCHD and VYM, both of which they mention in the article I found. Best Dividend ETFs to Buy Now | Kiplinger

I own SCHD and VIG which due to less tech yield more but have lower overall returns than the S&P 500. My highest yield is BITO (12%) but is almost pure speculation:).

Have you looked at the Reddit dedicated to Dividends?

Thanks! I did not know of it and will check it out.

Kiplinger sucks. If you look at most of their funds, they are active with a lot of them have loads. I used to read it years ago when they got the “v” shaped correction and the “inflation will be transitory” wrong, among many other things wrong. I never go with managed funds and always go with indexed funds, with low expenses ‘.02%’, low risk and return, with a good dividend and high growth. I have a few that have been returning a 20% - 30% return for a decade.

I have QYLD, RYLD and EDF. All have given good Monthly Dividends and works well for me.

I've posted this before, if all you are looking for is 5% dividends, look into online banking or credit unions.
There are no fees, the banks are FDIC insured ($250K) and credit unions are covered by NCUA ($250K).
The only thing you have to be aware of is the interest does not change, if it does it's very easy to close an account and move on.
You can sleep knowing the principal is secure no matter what the market does, and they send you a 1099 come tax time.
I personally have some money parked there, it's like a security blanket.

AAA Collateralized Loan Obligations
 

Might want to look at JAAA. Yield is 6.23%. Expense ratio is .21.

I've been pleased with ANGL. Dividend in the range of 6% along with cap appreciation over the years. Expense ratio and other financial stats mostly decent.

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JEPQ has a dividend yield of 9.49% - not seeing one for ampl

For what it's worth . . .
 

I am heavy into both CLM and CRF:

CLM - 18.18% - Pays monthly - Reinvests below market price

CRF - 17.26% - Pays monthly - Reinvests below market price

Haven't found anything better but really haven't needed to look.