In conclusion, the Fidelity High Dividend ETF (FDVV) offers a unique blend of “new school” dividend stocks like Nvidia along with “old school” dividend stalwarts like Pepsi and Philip Morris. Despite lower returns, these growth stocks are expected to increase their dividend payments over time, making them attractive for dividend funds like FDVV. The ETF also includes more traditional, higher-yielding dividend stocks such as ExxonMobil and Chevron.
FDVV has generated solid performance over the past three and five years, outperforming the broader market in the shorter term. It currently boasts an annualized return of 11.1% over three years and 14.6% over five years. With a 3.0% dividend yield and a low expense ratio of 0.15%, FDVV presents an appealing option for investors seeking a mix of growth and income.
Analysts have given FDVV a Moderate Buy consensus rating, with an average target price representing an 11.6% upside potential from current levels. Overall, FDVV’s unique investment approach and solid performance make it a compelling choice for investors looking for a balanced dividend-focused ETF.
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