الإثنين, 17 تموز/يوليو 2023 20:31

2 ETFs Offering Weekly Dividends

Written by
Rate this item
(0 votes)

In an article for TheStreet, David Dierking discusses two ETFs offering investors weekly dividends. It’s an innovative offering by SoFi as most equities pay out dividends on a quarterly basis, while fixed income ETFs offer monthly payouts. 

In contrast, the SoFi Weekly Dividend ETF (WKLY) and the SoFi Weekly Income ETF (TGIF) are structured to give investors a weekly payout. WKLY is made up of a blend of equities and fixed income. It invests primarily in dividend-paying companies with a market cap of over $1 billion. Some of its largest holdings include Exxon Mobil, Johnson & Johnson, and JPMorgan Chase. It pays out $0.02 per share on a weekly basis which is a 2.2% annual yield. 

TGIF invests primarily in high-yield fixed income and is considered a bond ETF. It mostly invests in short and intermediate-term duration and also has an active management structure which gives it wider latitude to take advantage of opportunities in the credit space. It pays out $0.07 per share on a weekly basis and has an annualized yield of 3.8%. Since inception, it had one dividend hike from $0.05 per share to $0.07.


FinSum: SOFI has introduced an equity fund and fixed income fund which offers weekly dividends. Here are some important considerations.

 

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top