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Global X SuperDividend ETFs highlight monthly income appeal
Global X SuperDividend ETF (SDIV) has paid monthly distributions for 11 years and runs a 0.58% total expense ratio, with a 30-day SEC yield of 5.2%.
Benzinga says the rising popularity of monthly dividend ETFs has led to a wider lineup from major hedge fund firms, with supporters pointing to more frequent dividend reinvestment and cash flow for budgeting or retirement planning.
The outlet highlights the Global X SuperDividend ETF (NYSEARCA: SDIV), which has delivered monthly distributions for 11 years. It invests in 100 high-paying dividend equities globally, and Benzinga notes the fund’s portfolio is largely concentrated in U.S. financial and real estate sectors, with holdings including REIT exposure, such as Yuexiu Property CO LTD, CPFL Energia SA and Omega Healthcare.
Benzinga adds that SDIV has $765 million in net assets since its June 2011 launch, with an NAV in mid-September 2022 just over 21.67. The article also cites a 0.58% total expense ratio, a 30-day SEC yield of 5.2%, and a 12-month trailing yield of 5.88%, while noting the index review occurs quarterly based on dividend cuts or outlooks.
For the second fund mentioned, the Global X SuperDividend U.S. ETF (NYSEARCA: DIV), Benzinga begins describing it as a blue chip offering, but the provided text cuts off before additional figures or details are included.