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Posted by
Two Blokes Apr 23 -
Filed in
Stock
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PEY holds 50 high-yielding dividend stocks that have increased payments for at least ten consecutive years. Its expense ratio is 0.53% and the ETF has $1.07 billion in assets. I estimate PEY's dividend yield to be 5.03% at current prices, slightly better than its 4.75% trailing yield. The ETF also avoids REITs, so 100% of its distributions are QDI. PEY offers excellent value and trades at just 10.77x forward earnings. In addition, its 5.56% Index yield is well above the 4.22% four-year average, suggesting PEY's holdings are substantially undervalued.
