Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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SPDR® S&P® Dividend ETF
ETF
SDY
Payout Change
Pending
Price as of:
$119.49
-0.19
-0.16%
primary theme
U.S. Large-Cap Value Equity
SDY (ETF)
SPDR® S&P® Dividend ETF
Payout Change
Pending
Price as of:
$119.49
-0.19
-0.16%
primary theme
U.S. Large-Cap Value Equity
SDY (ETF)
SPDR® S&P® Dividend ETF
Payout Change
Pending
Price as of:
$119.49
-0.19
-0.16%
primary theme
U.S. Large-Cap Value Equity
Name
As of 09/19/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-2.6%
1 yr return
2.4%
3 Yr Avg Return
11.6%
5 Yr Avg Return
6.7%
Net Assets
$22.6 B
Holdings in Top 10
17.9%
52 WEEK LOW AND HIGH
$119.7
$111.50
$132.18
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/19/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SDY - Profile
Distributions
- YTD Total Return -2.6%
- 3 Yr Annualized Total Return 11.6%
- 5 Yr Annualized Total Return 6.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.06%
- Dividend Yield 2.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR® S&P® Dividend ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateNov 15, 2005
-
Shares Outstanding170303658
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective. The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended; however, the Fund may become “non-diversified” solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the
Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index is designed to measure the performance of the highest dividend yielding S&P Composite 1500® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. Stocks included in the Index have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield, or pure capital oriented, and must meet minimum float-adjusted market capitalization and liquidity requirements. Stocks within the Index are weighted by indicated yield (annualized gross dividend payment per share divided by price per share) and weight-adjusted each quarter. The Index components are reviewed annually in January for continued inclusion in the Index and re-weighted quarterly after the closing of the last business day of January, April, July and October. If between annual reviews the Index Provider (as defined below) determines, based on publicly available information, that an Index constituent has omitted a scheduled dividend payment, announced it will cease paying dividends for an undetermined period, or announced a reduced dividend amount and will no longer qualify for the Index at the subsequent reconstitution, the Index constituent will be removed from the index effective prior to the open of the first business day of the following month. As of August 31, 2022, a significant portion of the Fund comprised companies in the financial, utilities and real estate sectors, although this may change from time to time. As of July 31, 2022, the Index comprised 119 stocks.
The Index is sponsored by S&P Dow Jones Indices LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
SDY - Performance
Return Ranking - Trailing
| Period | SDY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.6% | -13.0% | 45.3% | 96.97% |
| 1 Yr | 2.4% | -62.7% | 51.5% | 97.47% |
| 3 Yr | 11.6%* | -24.5% | 62.7% | 85.99% |
| 5 Yr | 6.7%* | -16.1% | 28.5% | 84.50% |
| 10 Yr | 9.6%* | -17.0% | 13.5% | 57.97% |
* Annualized
Return Ranking - Calendar
| Period | SDY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -3.1% | -65.1% | 4.6% | 5.30% |
| 2021 | 21.9% | -44.2% | 57.5% | 22.01% |
| 2020 | -1.5% | -23.2% | 285.0% | 59.96% |
| 2019 | 20.2% | -21.4% | 48.5% | 41.32% |
| 2018 | -5.2% | -38.8% | 16.7% | 1.14% |
Total Return Ranking - Trailing
| Period | SDY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.6% | -12.1% | 45.3% | 96.97% |
| 1 Yr | 2.4% | -16.6% | 45.5% | 97.48% |
| 3 Yr | 11.6%* | -12.9% | 76.6% | 85.92% |
| 5 Yr | 6.7%* | -8.1% | 41.7% | 84.50% |
| 10 Yr | 9.6%* | 1.3% | 24.8% | 57.97% |
* Annualized
Total Return Ranking - Calendar
| Period | SDY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -0.5% | -42.0% | 8.5% | 41.71% |
| 2021 | 25.4% | -38.6% | 129.7% | 83.45% |
| 2020 | 1.8% | -22.6% | 304.8% | 68.53% |
| 2019 | 23.3% | -0.1% | 52.1% | 80.22% |
| 2018 | -2.7% | -28.4% | 17.5% | 4.93% |
SDY - Holdings
Concentration Analysis
| SDY | Category Low | Category High | SDY % Rank | |
|---|---|---|---|---|
| Net Assets | 22.6 B | 404 K | 87.6 B | 5.63% |
| Number of Holdings | 166 | 2 | 1727 | 15.46% |
| Net Assets in Top 10 | 3.96 B | 405 K | 32.3 B | 8.40% |
| Weighting of Top 10 | 17.93% | 5.0% | 99.2% | 95.63% |
Top 10 Holdings
- State Street Institutional Liquid Reserves Fund 2.72%
- 3M Co 1.90%
- International Business Machines Corp 1.86%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.73%
- NNN REIT Inc 1.71%
- Essex Property Trust Inc 1.69%
- Stanley Black Decker Inc 1.61%
- Realty Income Corp 1.61%
- Walgreens Boots Alliance Inc 1.56%
- Franklin Resources Inc 1.55%
Asset Allocation
| Weighting | Return Low | Return High | SDY % Rank | |
|---|---|---|---|---|
| Stocks | 97.01% | 28.02% | 125.26% | 72.57% |
| Cash | 4.45% | -88.20% | 71.98% | 14.21% |
| Other | 0.02% | -2.02% | 26.80% | 3.66% |
| Preferred Stocks | 0.00% | 0.00% | 12.57% | 90.86% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 90.43% |
| Bonds | 0.00% | 0.00% | 80.18% | 90.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SDY % Rank | |
|---|---|---|---|---|
| Industrials | 18.34% | 0.00% | 42.76% | 4.26% |
| Financial Services | 15.63% | 0.00% | 58.05% | 81.04% |
| Consumer Defense | 14.27% | 0.00% | 34.10% | 9.94% |
| Utilities | 13.79% | 0.00% | 27.04% | 1.59% |
| Consumer Cyclical | 10.71% | 0.00% | 22.74% | 7.77% |
| Healthcare | 7.74% | 0.00% | 30.08% | 96.57% |
| Basic Materials | 6.07% | 0.00% | 21.69% | 11.11% |
| Real Estate | 5.53% | 0.00% | 90.54% | 13.62% |
| Energy | 4.53% | 0.00% | 54.00% | 82.29% |
| Technology | 2.03% | 0.00% | 54.02% | 97.24% |
| Communication Services | 1.37% | 0.00% | 26.58% | 93.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SDY % Rank | |
|---|---|---|---|---|
| US | 97.01% | 24.51% | 121.23% | 27.10% |
| Non US | 0.00% | 0.00% | 37.91% | 99.25% |
SDY - Expenses
Operational Fees
| SDY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | 45.41% | 93.45% |
| Management Fee | 0.35% | 0.00% | 1.50% | 14.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| SDY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| SDY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SDY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 0.00% | 488.00% | 25.56% |
SDY - Distributions
Dividend Yield Analysis
| SDY | Category Low | Category High | SDY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.65% | 0.00% | 42.57% | 3.73% |
Dividend Distribution Analysis
| SDY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| SDY | Category Low | Category High | SDY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.06% | -1.51% | 4.28% | 2.64% |
Capital Gain Distribution Analysis
| SDY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2023 | $0.793 | OrdinaryDividend |
| Jun 22, 2023 | $0.814 | OrdinaryDividend |
| Mar 22, 2023 | $0.713 | OrdinaryDividend |
| Dec 21, 2022 | $0.890 | OrdinaryDividend |
| Sep 21, 2022 | $0.771 | OrdinaryDividend |
| Jun 23, 2022 | $0.761 | OrdinaryDividend |
| Mar 23, 2022 | $0.774 | OrdinaryDividend |
| Dec 22, 2021 | $0.970 | OrdinaryDividend |
| Sep 22, 2021 | $0.850 | OrdinaryDividend |
| Jun 23, 2021 | $0.763 | OrdinaryDividend |
| Mar 24, 2021 | $0.809 | OrdinaryDividend |
| Dec 23, 2020 | $0.987 | OrdinaryDividend |
| Sep 23, 2020 | $0.686 | OrdinaryDividend |
| Jun 24, 2020 | $0.680 | OrdinaryDividend |
| Mar 25, 2020 | $0.669 | OrdinaryDividend |
| Dec 26, 2019 | $0.792 | OrdinaryDividend |
| Sep 25, 2019 | $0.690 | OrdinaryDividend |
| Jun 26, 2019 | $0.627 | OrdinaryDividend |
| Mar 20, 2019 | $0.531 | OrdinaryDividend |
| Dec 27, 2018 | $0.668 | OrdinaryDividend |
| Sep 26, 2018 | $0.595 | OrdinaryDividend |
| Jun 20, 2018 | $0.631 | OrdinaryDividend |
| Mar 21, 2018 | $0.548 | OrdinaryDividend |
| Sep 25, 2017 | $0.520 | OrdinaryDividend |
| Jun 26, 2017 | $0.513 | OrdinaryDividend |
| Mar 27, 2017 | $0.437 | OrdinaryDividend |
| Sep 26, 2016 | $0.493 | OrdinaryDividend |
| Jun 27, 2016 | $0.506 | OrdinaryDividend |
| Mar 29, 2016 | $0.459 | OrdinaryDividend |
| Sep 28, 2015 | $0.492 | OrdinaryDividend |
| Jun 29, 2015 | $0.503 | OrdinaryDividend |
| Mar 30, 2015 | $0.396 | OrdinaryDividend |
| Sep 29, 2014 | $0.450 | OrdinaryDividend |
| Jun 30, 2014 | $0.441 | OrdinaryDividend |
| Mar 31, 2014 | $0.389 | OrdinaryDividend |
| Sep 30, 2013 | $0.403 | OrdinaryDividend |
| Jul 01, 2013 | $0.417 | OrdinaryDividend |
| Mar 25, 2013 | $0.355 | OrdinaryDividend |
| Jan 04, 2013 | $0.583 | OrdinaryDividend |
| Oct 03, 2012 | $0.475 | OrdinaryDividend |
| Jun 27, 2012 | $0.449 | OrdinaryDividend |
| Mar 28, 2012 | $0.403 | OrdinaryDividend |
| Dec 29, 2011 | $0.508 | OrdinaryDividend |
| Sep 28, 2011 | $0.433 | OrdinaryDividend |
| Jun 29, 2011 | $0.419 | OrdinaryDividend |
| Mar 30, 2011 | $0.378 | OrdinaryDividend |
| Dec 30, 2010 | $0.499 | OrdinaryDividend |
| Sep 29, 2010 | $0.443 | OrdinaryDividend |
| Jun 30, 2010 | $0.421 | OrdinaryDividend |
| Mar 31, 2010 | $0.379 | OrdinaryDividend |
| Dec 31, 2009 | $0.443 | OrdinaryDividend |
| Sep 30, 2009 | $0.423 | OrdinaryDividend |
| Jul 01, 2009 | $0.425 | OrdinaryDividend |
| Apr 01, 2009 | $0.441 | OrdinaryDividend |
| Jan 02, 2009 | $0.592 | OrdinaryDividend |
| Oct 01, 2008 | $0.539 | OrdinaryDividend |
| Jul 02, 2008 | $0.583 | OrdinaryDividend |
| Apr 02, 2008 | $0.492 | OrdinaryDividend |
| Oct 03, 2007 | $0.543 | OrdinaryDividend |
SDY - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 31, 2011
10.59
10.6%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Karl Schneider
Start Date
Tenure
Tenure Rank
Oct 31, 2014
7.59
7.6%
Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.
Emiliano Rabinovich
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
Emiliano Rabinovich, CFA, is a Vice President of SSGA and the Adviser and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. Within this group, he is the strategy leader for their Smart Beta and ESG products. Mr. Rabinovich currently manages a varied mix of funds that include both traditional indexing and a variety of alternative beta mandates. Also, he manages several local and global strategies and fund structures, which include separate accounts, commingled funds and mutual funds.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.96 | 16.42 |
