Become a Dividend Millionaire With These High-Yield ETFs
Investing for income is often viewed as something that only retired investors need to do. But history suggests that even young investors looking to build millionaire-sized nest eggs should focus on dividend-paying stocks. That said, a key component of the story is dividend growth.
Here's why one of these three dividend-focused exchange-traded funds (ETFs) could be a perfect fit for you, regardless of where you are in your investment journey.
A dividend is a payment from a company to a shareholder, representing a tangible return on the investment that has been made. Some companies pay dividends, and some companies do not. But here's an interesting fact: Between 1973 and 2024, dividend-paying stocks in the S&P 500 index (SNPINDEX: ^GSPC) produced an annualized total return of 9.2% compared to just 4.3% for S&P 500 stocks that didn't pay dividends, according to Ned Davis Research and Hartford Funds.
Source Fool.com
