A DIVIDEND ETF DISAPPOINTS: A fund based on a perfectly reasonable strategy gorged on financial stocks. The result wasn't pretty

摘要

THE CASE FOR OWNING high-yielding stocks during hard times runs something like this: Consistent dividend payers are, by definition, financially stable or they wouldn't be able to sustain their payouts. Plus, owning high yielders means you get paid while you wait for better times to return. But over the past year and a half, the lure of dividends proved to be a siren song. The main problem: Financial stocks represented a disproportionately large percentage of big dividend payers.