While exchange-traded funds (ETFs) offer easy diversification and straightforward trading, monthly dividend ETFs provide the additional benefit of a steady cash flow for income-seeking investors.
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This is especially beneficial to fixed-income investors who rely on this cash flow to cover their monthly living expenses. Another group that can benefit greatly from monthly dividend ETFs are part-time investors who already have a steady source of income. Professional investors have the time and resources to perform in-depth market analysis. However, many individual investors with full-time employment aim to choose the best equities for their portfolio without committing significant amounts of time and resources into equity research.
Traditionally, these part-time investors would invest in mutual funds. However, because of several advantages over mutual funds, ETF’s – and especially monthly dividend ETFs – have been gaining popularity as the investment vehicle of choice.
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ETF shares are easy to acquire as they trade like stocks. Additionally, ETFs also offer better liquidity and tax advantages over mutual funds. Below is a list of those that currently offer distributions in excess of 3%.
It should be noted that this article was updated on November 6, 2022, as the economy is recovering from the financial crisis brought on by the global COVID-19 pandemic. Some ETFs that typically pay more than 3% have taken a hit as a result of the financial crisis. As the economy recovers, ETFs that have taken a hit may rebound in conjunction with the market and return to a place where they once again pay 3%-plus.
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The following is a list of all of the monthly dividendETFs paying out more than 3% as of November 6. 2022, organized in descending order by dividend yield.
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| Ticker | Consecutive Annual Dividend Hikes | Market Cap | Latest Close Price | Trailing 12 Month Dividend Yield |
|---|---|---|---|---|
| MVRL | 0 | $0 | $17.26 | 19.74% |
| SMHB | 0 | $0 | $6.01 | 18.21% |
| SVOL | 0 | $0 | $22.85 | 16.23% |
| CEFD | 0 | $0 | $19.23 | 13.74% |
| SDIV | 0 | $716.36M | $21.07 | 12.34% |
| QYLD | 0 | $7.94B | $17.80 | 11.53% |
| XYLD | 0 | $2.77B | $40.11 | 10.09% |
| HDLB | 0 | $0 | $11.16 | 12.73% |
| YYY | 0 | $229.49M | $11.86 | 12.14% |
| XRMI | 0 | $29.94M | $19.19 | 12.35% |
| JEPI | 0 | $0 | $56.23 | 7.96% |
| SDEM | 0 | $44.61M | $25.22 | 7.42% |
| QRMI | 2 | $11.46M | $17.36 | 12.23% |
| KBWD | 2 | $197.87M | $14.99 | 12.12% |
| PFFA | 3 | $0 | $20.91 | 9.48% |
| HIPS | 0 | $0 | $12.49 | 10.33% |
| CEFS | 0 | $0 | $19.70 | 8.86% |
| EEMD | 0 | $0 | $18.88 | 8.69% |
| KHYB | 2 | $0 | $24.61 | 15.11% |
| NUSI | 0 | $0 | $23.13 | 7.07% |
| PCEF | 2 | $537.43M | $18.50 | 9.54% |
| RIET | 2 | $0 | $10.05 | 10.21% |
| FTHI | 2 | $199.25M | $22.08 | 8.29% |
| FTQI | 2 | $13.15M | $20.23 | 11.35% |
| SRET | 0 | $227.66M | $20.06 | 7.93% |
| ALTY | 0 | $35.86M | $11.24 | 7.35% |
| HNDL | 0 | $2.06M | $20.64 | 6.81% |
| AMZA | 1 | $324.05M | $38.44 | 7.54% |
| EFAS | 0 | $11.04M | $13.98 | 6.44% |
| KBND | 0 | $0 | $30.98 | 2.21% |
| HYLS | 0 | $862.68M | $41.08 | 6.06% |
| HYGV | 2 | $0 | $40.60 | 8.82% |
| PCY | 2 | $2.66B | $19.94 | 6.74% |
| SPFF | 0 | $166.23M | $9.36 | 6.34% |
| FCEF | 3 | $2.00M | $20.01 | 7.11% |
| QYLG | 0 | $110.52M | $29.95 | 5.35% |
| HYUP | 1 | $0 | $40.54 | 7.60% |
| FEMB | 0 | $0 | $28.51 | 5.26% |
| KBWY | 2 | $166.10M | $17.86 | 8.92% |
| PFFD | 0 | $2.39B | $19.91 | 6.33% |
| BLHY | 0 | $0 | $20.86 | 7.10% |
| MDIV | 0 | $453.96M | $15.52 | 6.22% |
| XYLG | 0 | $65.36M | $29.31 | 4.66% |
| DIV | 0 | $634.63M | $16.67 | 7.32% |
| BKHY | 3 | $0 | $47.16 | 8.71% |
| ESHY | 2 | $0 | $18.53 | 7.05% |
| FLHY | 1 | $0 | $23.44 | 6.51% |
| XSHD | 2 | $0 | $15.38 | 8.09% |
| NUHY | 2 | $0 | $20.92 | 6.72% |
| YLD | 3 | $0 | $18.83 | 6.44% |
| DMDV | 3 | $0 | $22.38 | 7.18% |
| SDEF | 0 | $0 | $17.42 | 5.56% |
| PHYL | 1 | $0 | $34.52 | 7.71% |
| EPRF | 2 | $0 | $19.19 | 5.57% |
| JPHY | 0 | $0 | $45.45 | 5.71% |
| IHYF | 2 | $13.29M | $22.16 | 6.89% |
| AEMB | 2 | $0 | $37.67 | 5.97% |
| BSJS | 1 | $4.31M | $21.54 | 6.77% |
| ELD | 0 | $94.30M | $27.74 | 4.94% |
| FPE | 2 | $0 | $17.08 | 5.94% |
| IG | 0 | $0 | $20.49 | 4.56% |
| PQDI | 0 | $0 | $18.33 | 5.26% |
| GHYB | 2 | $0 | $43.70 | 6.29% |
| VWOB | 2 | $56.06M | $62.29 | 5.63% |
| PFLD | 2 | $0 | $21.05 | 8.00% |
| HYGH | 2 | $0 | $84.99 | 8.84% |
| RDFI | 1 | $0 | $22.87 | 7.79% |
| QPFF | 2 | $0 | $36.66 | 5.96% |
| ESEB | 1 | $0 | $16.61 | 6.22% |
| BSJQ | 2 | $30.06M | $23.12 | 6.60% |
| JPMB | 1 | $0 | $38.77 | 6.05% |
| SHYL | 2 | $0 | $44.13 | 6.72% |
| FDHY | 1 | $0 | $47.75 | 6.35% |
| BSJR | 2 | $11.13M | $22.25 | 6.53% |
| HYLB | 2 | $0 | $35.31 | 5.89% |
| WFHY | 2 | $4.50B | $44.99 | 6.21% |
| HYXF | 1 | $126.29M | $45.10 | 6.05% |
| HYHG | 2 | $93.69M | $63.52 | 6.06% |
| EFIX | 2 | $0 | $15.84 | 6.38% |
| PGHY | 1 | $35.51M | $19.73 | 7.98% |
| IYLD | 2 | $208.40M | $19.66 | 5.96% |
| USAI | 0 | $0 | $29.38 | 4.90% |
| BSJP | 2 | $82.48M | $22.91 | 7.21% |
| GYLD | 1 | $0 | $13.10 | 7.52% |
| FPFD | 2 | $0 | $21.20 | 4.92% |
| SEIX | 3 | $0 | $24.08 | 8.87% |
| EMBD | 0 | $123.12M | $21.99 | 5.43% |
| LKOR | 1 | $4.30M | $42.96 | 5.14% |
| DIVO | 1 | $0 | $37.53 | 4.57% |
| HYBB | 3 | $286.49M | $45.84 | 6.03% |
| HYZD | 2 | $157.18M | $21.83 | 5.88% |
| PREF | 1 | $0 | $17.76 | 4.61% |
| BSJO | 2 | $113.78M | $22.76 | 6.05% |
| VCLT | 2 | $529.58M | $76.75 | 4.92% |
| MFLX | 0 | $1.70M | $16.95 | 3.65% |
| HYS | 2 | $0 | $92.95 | 6.54% |
| BNDD | 0 | $0 | $14.69 | 4.37% |
| JPIE | 2 | $0 | $45.29 | 5.80% |
| IGLD | 2 | $0 | $18.63 | 8.31% |
| HYDW | 2 | $0 | $45.81 | 5.78% |
| IVOL | 0 | $0 | $19.70 | 3.89% |
| EMCB | 1 | $44.95M | $64.21 | 5.05% |
| HYMU | 2 | $0 | $21.99 | 4.45% |
| BLV | 1 | $468.40M | $70.97 | 4.33% |
| SPRE | 1 | $0 | $19.78 | 4.24% |
| FTSL | 2 | $488.87M | $46.12 | 7.63% |
| EMTL | 1 | $0 | $41.94 | 4.84% |
| TGIF | 1 | $0 | $97.53 | 5.26% |
| NETL | 0 | $0 | $23.12 | 4.93% |
| NFLT | 2 | $0 | $22.37 | 6.05% |
| PEY | 10 | $1.05B | $19.75 | 4.99% |
| JHCB | 2 | $0 | $21.04 | 4.44% |
| RTAI | 0 | $0 | $20.98 | 3.15% |
| HSUN | 2 | $0 | $33.80 | 5.82% |
| SPHD | 2 | $3.18B | $42.03 | 4.54% |
| HISF | 1 | $13.24M | $44.15 | 4.37% |
| FLCO | 1 | $46.53M | $21.15 | 4.11% |
| BKLN | 2 | $8.19B | $21.14 | 8.68% |
| MUSI | 2 | $0 | $43.08 | 5.36% |
| BSJN | 2 | $281.82M | $23.49 | 4.80% |
| SPDV | 2 | $0 | $29.28 | 3.98% |
| JHMB | 0 | $0 | $21.41 | 4.08% |
| BNDX | 1 | $4.87M | $48.67 | 4.53% |
| FMHI | 2 | $19.11M | $47.78 | 3.90% |
| PHB | 1 | $1.11B | $18.02 | 4.81% |
| IGEB | 1 | $0 | $44.36 | 4.78% |
| SDEI | 0 | $0 | $25.60 | 4.62% |
| BAB | 2 | $606.34M | $26.42 | 3.73% |
| SPBO | 2 | $28.80M | $28.80 | 4.89% |
| CSB | 1 | $405.21M | $53.67 | 3.61% |
| JIGB | 0 | $0 | $46.44 | 3.24% |
| NUAG | 2 | $0 | $20.66 | 4.10% |
| BOND | 2 | $0 | $90.83 | 4.20% |
| HTRB | 1 | $0 | $33.49 | 4.00% |
| DIAL | 2 | $0 | $17.58 | 3.94% |
| FCOR | 2 | $0 | $46.08 | 3.79% |
| DHS | 2 | $1.11B | $81.67 | 4.31% |
| GTO | 2 | $0 | $46.46 | 4.13% |
| WFIG | 2 | $39.63M | $44.03 | 4.34% |
| IGHG | 2 | $599.35M | $76.35 | 4.93% |
| CDC | 3 | $1.76B | $56.01 | 4.44% |
| RFDA | 0 | $0 | $48.28 | 2.69% |
| CDL | 8 | $382.59M | $58.41 | 3.64% |
| CORP | 2 | $0 | $95.14 | 4.24% |
| FFIU | 0 | $0 | $21.74 | 3.79% |
| LQDI | 3 | $25.69M | $25.69 | 4.19% |
| GIGB | 2 | $0 | $45.26 | 3.80% |
| ESCR | 2 | $0 | $18.25 | 3.49% |
| SPXB | 2 | $11.24M | $74.91 | 4.26% |
| VTC | 2 | $7.58M | $75.82 | 3.95% |
| BYLD | 2 | $122.82M | $22.13 | 4.58% |
| BNDW | 1 | $6.79M | $67.93 | 3.85% |
| IGBH | 3 | $0 | $24.45 | 7.22% |
| DES | 3 | $1.94B | $31.45 | 2.74% |
| IGIB | 2 | $7.11B | $51.00 | 3.92% |
| VCIT | 1 | $3.17B | $79.64 | 3.85% |
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