Low interest rates in U.S. Treasuries is pushing income-hungry investors to other areas of the market for yield, including exchange-traded funds that target dividend-paying stocks, ETF Trends reports. BlackRock continues to pick companies that can generate strong levels of free cash ﬂow, said the ETF manager.
Verizon has also increased its dividend by about 3 percent. The $7.1 billion IShares Dow Jones Select Dividend Index Fund rose 4.1% year to date, versus a 1.8% loss for the S&P 500, according to Morningstar.
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