Does SPY or QQQ pay dividends?
QQQ Dividend Information
QQQ has a dividend yield of 0.61% and paid $2.64 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Mar 18, 2024.
QQQ Dividend Information
QQQ has a dividend yield of 0.61% and paid $2.64 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Mar 18, 2024.
The table demonstrates that the difference between SPY and QQQ is that the S&P 500 Index and SPY ETF provide much better options for diversification across economic sectors. Despite this, the tech sector accounts for over a third of assets in this fund and is actually 3 times more than the second largest sector.
Invesco QQQ Market Price: YTD: 8.56%; 1YR: 39.27%; 3YR: 12.34%; 5YR: 20.62%; 10YR: 18.58%; Since Inception: 9.70%. NASDAQ-100 Index: YTD: 8.72%; 1YR: 39.62%; 3YR: 12.62%; 5YR: 20.87%; 10YR: 18.82%; Since Inception: 9.92%.
SPY's dividend yield for the trailing twelve months is around 1.32%, less than VOO's 1.37% yield.
Symbol | Name | Dividend Yield |
---|---|---|
JEPY | Defiance S&P 500 Enhanced Options Income ETF | 28.14% |
MRNY | YieldMax MRNA Option Income Strategy ETF | 27.15% |
APLY | YieldMax AAPL Option Income Strategy ETF | 26.67% |
SQY | YieldMax SQ Option Income Strategy ETF | 26.10% |
The QQQ ETF offers buy-and-hold investors low expenses and long-term growth potential with enough diversification to avoid the risks of betting on one company. On the downside, long-term investors in QQQ must deal with sector risk, possible overvaluation, and the absence of small caps.
An expensive investment
The Invesco QQQ Trust is a relatively inexpensive fund, given its 0.2% ETF expense ratio. However, the stocks in the fund are rather expensive. The Nasdaq 100 currently trades at 30.6 times earnings and 27.3 times the forward price-to-earnings (P/E) ratio.
No. | Symbol | Name |
---|---|---|
9 | COST | Costco Wholesale Corporation |
10 | TSLA | Tesla, Inc. |
11 | AMD | Advanced Micro Devices, Inc. |
12 | NFLX | Netflix, Inc. |
Over the long run, they do compound—those fee differences—and investors have been putting a lot more money into VOO versus SPY. That is the reason why we view VOO slightly better than SPY. And that is just the basic approach, which is the lower the investor can pay, the better the investment is.
Can you hold QQQ long term?
7 While the Nasdaq-100 is historically more volatile than the S&P 500, QQQ can be held over long time frames while its cousin, TQQQ is definitely a short-term trade.
When is QQQ dividend payment date? QQQ's next quarterly payment date is on Apr 30, 2024, when QQQ shareholders who owned QQQ shares before Mar 18, 2024 received a dividend payment of $0.57 per share. Add QQQ to your watchlist to be reminded of QQQ's next dividend payment.
Invesco QQQ stock price stood at $424.45
According to the latest long-term forecast, Invesco QQQ price will hit $450 by the end of 2024 and then $500 by the middle of 2025. Invesco QQQ will rise to $600 within the year of 2027, $700 in 2028, $800 in 2029, $900 in 2032 and $1000 in 2034.
While the two ETFs follow the same strategy, they earn different ratings. VOO earns a top rating of Gold, while SPY earns the next best rating of Silver. Almahasneh says the reason is fees. VOO charges 0.03%, while SPY charges 0.09%.
VOO's analyst rating consensus is a Moderate Buy. This is based on the ratings of 505 Wall Streets Analysts.
SPY has a dividend yield of 1.36% and paid $6.72 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Mar 15, 2024.
- SPDR S&P Dividend ETF (SDY)
- Vanguard High Dividend Yield ETF (VYM)
- WisdomTree U.S. Quality Dividend Growth Fund (DGRW)
- iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
- JPMorgan Equity Premium Income ETF (JEPI)
- Vanguard Dividend Appreciation Index Fund ETF (VIG)
- Realty Income (O) ...
- SL Green (SLG) ...
- STAG Industrial (STAG) ...
- AGNC Investment (AGNC) ...
- Apple Hospitality REIT (APLE) ...
- EPR Properties (EPR) ...
- Agree Realty (ADC)
Altria Group, Inc. (NYSE:MO), AT&T Inc. (NYSE:T), and Verizon Communications Inc. (NYSE:VZ) are some of the highest-paying dividend stocks in the S&P 500 among others that are discussed below.
- Invesco (QQQ) ...
- Invesco Nasdaq 100 ETF (QQQM) ...
- Fidelity Nasdaq Composite Index ETF (ONEQ) ...
- Direxion Nasdaq-100 Equal Weighted Index Shares (QQQE) ...
- Invesco Nasdaq Next Gen 100 ETF (QQQJ)
Is QQQ still a buy?
QQQ has a conensus rating of Moderate Buy which is based on 86 buy ratings, 16 hold ratings and 0 sell ratings.
Invesco QQQ Trust ETF (QQQ)
This fund is the top-performing large-cap growth fund in terms of total return over the 15 years to December 2023, according to Lipper. Expense ratio: 0.20 percent. That means every $10,000 invested would cost $20 annually.
ETF | Ticker | Assets Under Management (AUM) |
---|---|---|
Vanguard S&P 500 ETF | (NYSEMKT:VOO) | $435.2 billion |
Invesco QQQ Trust | (NASDAQ:QQQ) | $259.6 billion |
Vanguard Growth ETF | (NYSEMKT:VUG) | $118.8 billion |
iShares Core S&P Small-Cap ETF | (NYSEMKT:IJR) | $79.8 billion |
ETF | Assets Under Management | Expense Ratio |
---|---|---|
Vanguard Information Technology ETF (VGT) | $70 billion | 0.10% |
VanEck Semiconductor ETF (SMH) | $16.3 billion | 0.35% |
Invesco S&P MidCap Momentum ETF (XMMO) | $1.6 billion | 0.34% |
SPDR S&P Homebuilders ETF (XHB) | $1.8 billion | 0.35% |
Fund | Expense Ratio |
---|---|
Avantis U.S. Small Cap Value ETF (AVUV) | 0.25% |
Invesco S&P 500 GARP ETF (SPGP) | 0.34% |
Invesco S&P 500 Equal Weight ETF (RSP) | 0.20% |
Invesco Zacks Multi-Asset Income ETF (CVY) | 1.06% |
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