Retire Rich: Top Blue-Chip Dividend ETFs for Steady Passive Income

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Olori Uwem

Well-Known Member
Mar 18, 2024
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Retire Rich: Top Blue-Chip Dividend ETFs for Steady Passive Income

Investing in dividend ETFs is a smart way to build long-term wealth and secure a comfortable retirement. These funds offer stability, diversification, and consistent income—helping investors sleep well at night (SWAN). While SCHD is often the go-to choice, here are some top blue-chip dividend ETFs that deserve attention.

1. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
• AUM: Over $23 billion
• Dividend Yield: ~9%
• Strategy: Uses a covered call strategy on Nasdaq 100 stocks to generate high monthly dividends.
• Why Choose JEPQ? It provides a strong yield while keeping returns in line with the Nasdaq 100.

2. Fidelity High Dividend ETF (FDVV)
• AUM: $4.8 billion
• Dividend Yield: ~2.85%
• Top Holdings: Apple, Microsoft, NVIDIA, Broadcom, Targa Resources, and Philip Morris.
• Performance: 83% return in the last five years, outperforming many dividend ETFs.
• Why Choose FDVV? Focuses on companies with strong dividend growth potential.

3. iShares Core Dividend Growth ETF (DGRO)
• AUM: $37 billion
• Dividend Yield: ~2%
• Dividend Growth: CAGR of 19% in the last decade (sector median: 6.14%).
• Top Holdings: JPMorgan Chase, Johnson & Johnson, Broadcom, AbbVie, Apple, and ExxonMobil.
• Why Choose DGRO? Emphasizes dividend growth rather than high yields.

4. SPDR S&P Dividend ETF (SDY)
• Expense Ratio: 0.35%
• Focus: Dividend Aristocrats—companies that have increased dividends for 25+ years.
• Top Holdings: Verizon, Realty Income, Chevron, AbbVie, Kimberly-Clark, Johnson & Johnson.
• Why Choose SDY? Offers long-term reliability but lacks tech sector exposure.

Other Dividend ETFs to Consider
• WisdomTree U.S. Total Dividend Fund (DTD)
• Vanguard Dividend Appreciation ETF (VIG)
• Vanguard High Dividend Yield ETF (VYM)
• iShares Core High Dividend ETF (HDV)

Final Thoughts

These blue-chip dividend ETFs provide strong income potential and stability, making them ideal for a wealthy and stress-free retirement. Whether you prioritize high yields or long-term dividend growth, there’s an ETF to fit your strategy!