4 Monthly Dividend ETFs with a 5-9% Yield?

In this video we are exploring the top 4 monthly paying dividend ETFs that are based around closed-ended funds. These funds pay a 5-9% dividend yield and have distributions every single month!

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Chapters of Today's video on the top 4 monthly dividend ETFs
00:00 Introduction
01:04 What is a Closed Ended Fund?
01:32 Closed Ended Fund vs Open Ended Fund
05:28 Best 4 Monthly Dividend ETFs of CEFs

Today we are exploring 4 different ETFs, that pay 5-9% dividend yields.

Some dividend investors run to Real Estate Investment Trusts which pay a higher average dividend of 4.3%. But dividend investing involves diversification and close ended funds can be a good dividend growth investing strategy.

Others run towards alternative investments such as covered call ETFs like QYLD, NUSI, etc which can pay up to 10%.

If you enjoyed this video, be sure to like and share!

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions including closed ended funds. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[BobSharpe]

Do you own any ETFs of CEFs? **Beware of Scammers impersonating me. I do NOT ask you to text me or use Whatsapp for anything...these are scammers!**

[VibeSeekers]

Super useful information I didn’t know about. Thanks for these man!🙏🏽🙏🏽

[christopherleise]

Thanks. These ETFs are not on my selection list probably for long time. . But, if I need to diversify more, I'll probably reconsider these ETFs.

[DanielSantos]

Thank you very much for the content, I accompany you from Brazil. I don't have tax residency in the USA, so in my case it's bad to be exposed to dividends, as 35% tax is deducted. So today I opted to have the S&P 500 ETF and some stocks to diversify a bit.

[Seoulsearch]

Great video as always -- thank you for taking these concepts and breaking them down into pieces that new investors can understand! 👍

[ItsMeRockyT]

Glad I found you. You explain things well. Thank you for making great video's for the public!

[TheCookingDojo]

I've added all of these to my list thank you

[siegfriedpaulkolbjornsen]

Love your videos, you always make clear sense when you talk. I remember from a previous video you mentioned to hit that 0.30 ish expense ratio, but these are high. YYY does pay quite well though. I did see another video saying that YYY was aimed more at retirees, just an opinion. Keep making these amazing videos!!!

[tonycrouse]

No way! Those expense ratios are insane!

[Dizzy]

Dude! Your videos are life for beginners, thank you! My question is… does the Div yield and expense ratio change much? I am looking at YYY and the numbers I have are different than the ones you mentioned. At 10/26 1:04 eastern, my numbers are 8.43% Div yield and 2.17% expenses. I got the numbers from Webull.
Thanks again! I truly appreciate your advice.

[arigutman]

Thanks, Bob, a solid video! I am a dividend investor, but I keep away from dividend ETFs and indexes. Instead I do exactly what Jack Bogle advises which is to find the best, broad market index fund to invest in. In this strategy I get to take advantage of the entire market and grow with it, 🚀 have enjoyed the gains thus far and will keep to the broad market strategy funds like VTI and VTSAX 💰 💰 💰

[ac]

Are bonds a good to have in a 401k portfolio. Heard they are bad. If it’s good to have. Which ones are better. Short term or lomg term. Also I have one stock that is 83 percent of my balacmcs. This scares me. But I’m new. Should I rebalance it. Amd out some elsewhere ?

[hrstolive]

New to channel love the info, If you had 700k and are 38 and want to retire early, 5 years what would u do for dividend income. Not financial advice curious your thoughts.

[redhawks]

I'm still confused with the "expense ratio." I asked another stock market youtuber about how and when I would have to deal with the fees of the expense ratio. He told me I never have to worry about paying any fees for the expense ratio. His clain was the expense ratio was paid out the person in charge of the fund gets paid the fee by the company and not me. But the way you say it, I still would have to pay the expense ratio some how in my taxes. Can you elaborate on this? Do I actually get sent some kind of bill for the fees, either directly or through my taxes or tax returns? Or is the other youtuber right, I don't have to directly worry about it?

[mikedemers]

I’m also invested in a CEF called PSLDX . I’m surprised this was not included. It’s by the pimco group of funds and pays a hefty 16% dividend If you are invested in IRA, how does this affect for taxes

[Seoulsearch]

Lol over the YouTube analytics telling you your audience is all gentleman. I can assure you, there are a few of us ladies out here too! 🌹

[ElGreco]

I love u OXLC 🥰🥰🥰🥰 .. brought in at 2020 man made crash and debt is flying high... they just raised their divy, on our way back to normal

[newenglandnomad]

There's no expense ratio that's worse than owning a car. You're losing your ass in costs to maintain a car. So, yeah stock, suck it up, pay the ratio and make money, which you car is not doing. Pay the stock bill, live the sweet life, dividend thrills.

[DailyDividends]

I don't own any yet but its only a matter of time, some juicy monthly payments

[ericexp]

Even after a year of trying, I still can't get a grasp of this whole stock market thing. And they say anyone can learn it. Its either its complicated or im an idiot lol. I have about 40 stocks/etfs and there are some channels claiming 20-25 is enough for diversification. Im close to saying screw it and sell everything and throw everything into a crypto currency and testing my luck there lol