Here's How Much You'd Need to Invest in VGT to Generate $500 per Month in Dividends
With a yield under 1%, it would take a significant initial investment.
Overview
The Vanguard Information Technology ETF (NYSEMKT: VGT) has been one of the market's best performers over the past few years. With the artificial intelligence (AI) revolution as a tailwind, it has delivered huge returns for investors.
But this fund has never been an income generator, and only a very small percentage of its total return comes from dividends. The tech sector is, however, slowly becoming more of a place to find dividends. Microsoft, Apple, and Broadcom have all built 10-plus-year track records of annual dividend growth. But their yields remain below 1%.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.