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First Trust Dividend ETF Seeks Growing Income for Investors
The First Trust Rising Dividend Achievers ETF (RDVY) aims to build passive income through companies with consistently growing dividends. Despite a current yield of 0.83%, the ETF's strategy focuses on increasing yield on cost over time. An investment in the ETF at its inception in January 2014 has seen significant price appreciation and a growing distribution.
Investors seeking consistent income growth may consider dividend-focused ETFs like the First Trust Rising Dividend Achievers . The fund's strategy targets companies with a track record of increasing payouts, potentially leading to a growing yield on cost over time.
