These 2 Dividend ETFs Are a Retiree's Best Friend

Stocks and exchange-traded funds (ETFs) that generate good dividends have been an investorʻs best friend during this market correction. High-yielding dividend investments have generally outperformed the overall market with higher total returns. For retirees, they are equally important for the income they can produce on a monthly or quarterly basis.

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) tracks the S&P 500 Low Volatility High Dividend Index, which is made up of the 50 stocks in the S&P 500 with the highest dividend yields and lowest volatility. These are stable, blue chip companies that are leaders in their industries and generate consistent earnings. The First Trust Morningstar Dividend Leaders Index ETF (FDL) tracks the Morningstar Dividend Leaders Index. The index uses a proprietary screening model that finds the 100 highest-yielding stocks that have maintained consistent, sustainable dividend policies.

Source: Motley Fool

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