SPY vs SCHD.... What am I missing?
New here, why dividend invest when you can make more by buying something like $SPY?
A single share of SPY will cost you $300 and will give you $5.79 in dividends a year. (1.82% yield)
A single share of KO will cost you $46 and will give you $1.64 in dividends a year. (3.37% yield)
A single share of T will cost you $30 and will give you $2.08 in dividends a year. (6.47% yield)
So $300 get you $5.79 from SPY, $9.84 from KO, and $20.80 from T. Same $300, different yield.
Yes, you do have to pay attention to your stocks, but for 2-3x as much in annual dividends, its worth checking every so often.
More on reddit.comWhy buy VOO instead of SPY?
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More on reddit.comSPY VERSUS SPYD
Why do you want to hold SPYD? Do you need the income?
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