Index Overview:
The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. The adviser attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Statistics:
- Dividend Yield: 2.9%
- 3Yr Dividend Growth Rate: 8.0%
- Dividend Payout: Quarterly
- Expense Ratio: .08%
- Rating: Morningstar 5 Star Overall Fund
More Info:
Click here at Vanguard.com
I purchased 65 shares of VYM for the price of $76.90 per share for a total investment of $4,998.50 adding around $145.60 to my annual dividend income.
It is the 3rd time I am initiating a stock acquisition this year. This transaction is my first ever purchase of VYM shares into the portfolio. Currently, VYM ownership stake represents to be around 4.9% of my current portfolio value. Also, the acquisition of VYM makes it the 38th company I am invested in.
Conclusion:
The 12-month dividend income increases to $3,195.
Portfolio “The Dividend Machine” has been updated with link > here.
Thank you for reading & have a great day!