Long-term Stock Index Investing: Own the Invesco High Yield Equity Dividend Achievers ETF to Track Dividend Growth Stocks
The Invesco High Yield Equity Dividend Achievers ETF, an exchange-traded fund that tracks the Nasdaq US Dividend Achievers 50 Index, is a quick and easy way to own U.S. dividend-paying stocks with at least ten consecutive years of increasing dividends. Its trading symbol is PEY.
Because DIA includes dividend-paying stocks, be sure to elect dividend reinvestment when you buy the ETF in your brokerage account. After that the actual dividend reinvestment process will be done automatically. Here is a chart of PEY dividends.
The following chart show returns for an initial $10,000 investment in PEY made in February 2005.
|Invesco High Yield Equity Dividend Achievers ETF|
|Invesco High Yield Equity Dividend Achievers ETF||PEY|
|Price charts from Alpha Vantage as of most recent close.|