The real problem here is that this is a new ETF only 6 weeks old when the first dividend was paid. So the dividend is really for only 1/2 a quarter. Check back when the next dividend is declared, it should be for about 35 cents that will get you to about 2.90%.
--- In [email protected], "gary" <[EMAIL PROTECTED]> wrote: > > We calculate the yield daily based on 2 numbers - annual dividend / price. > > We get the annual dividend from our vendor. > > It's based on the dividends actually paid out by the company. > > VYM paid a quarterly dividend of a little over .17, it was annualized to .70, so .70 / 52 = 1.35% > > For ECR, the company paid a quarterly dividend of .24, annualized to .96 so .96 / .p3 = 1.03% > > The concept of yield shouldn't apply to ECR, as it looks like the company is just liquidating assets, and will never pay a regular dividend. > > Gary > > > > ----- Original Message ----- > From: investor0329 > To: [email protected] > Sent: Tuesday, January 30, 2007 11:35 PM > Subject: [quotes-plus] Gary...ticker VYM QP shows wrong yield > > > Ticker VYM is a dividend etf issued by Vanguard. According to QP, the > yield is around 1.35%. I thought this would be too low for a dividend > etf, and found out that the yield is really just under 3%. > > Where does the 1.35% come from? > > http://whereistheyield.blogspot.com/ > > Tuesday, January 30, 2007 > Vanguard High Dividend Yield ETF - VYM > Into the already crowded space of dividend ETFs, enters a new fund > from Vanguard. It's called the Vanguard High Dividend Yield ETF, > tracks the FTSE High Dividend Yield Index and trades under the symbol > VYM. > > Vanguard is the proverbial 500-pound gorilla in the index fund > business. Any offering they come up with is bound to be a contender. > At the very least it's worth looking at. > > The FTSE index they track is proprietary, and comes with a legal > warning that prevents me from doing my usual dissection of individual > holdings. Sufficing to say that the index is basically the top > yielding half (in terms of market cap) of the total US market minus > REITs and non-payers. > > What they end up with is a 2.9% yielding index of over 500 stocks, > which they provide at an expense ratio of 0.25% (in the ETF format - > there is an equivalent mutual fund that charges 0.4%). This figure > makes the VYM the cheapest dividend fund in the US - better than the > 0.28% offered by the wisdomtree flagship and the 0.4% charged by the > benchmark DVY. > > > > > > [Non-text portions of this message have been removed] >
