In today’s low-rate environment, dividend investments are a compelling way to boost income. The Alerian MLP ETF (NYSE ARCA: AMLP) offers a sizable dividend yield while offering broad exposure to the energy industry. Find out what makes this a top market pick for March and beyond.
The Alerian ETF is focused on energy partnership companies that return strong dividends. Individual investments in high yield stocks can complicate investment taxes. This fund is a good option for investors who want to simplify their holdings but enjoy all the rewards that a dividend portfolio can bring. The current yield of 9.78% is significantly higher than the market average, yet the fund maintains a net expense ratio of 0.85% at today’s price. The fund is relatively affordable, especially when compared to many of the up-and-coming growth stocks on the market.
A professionally managed fund can create strong exposure to an industry without the complication of managing individual stocks. The energy market is expanding and is expected to strengthen as America recovers from the Coronavirus Pandemic. When considering that the S&P 500 has returned a dividend yield of just 1.48% in the year to date, Alerian makes sense for any mainstream investor.
Key Data:
- 52-Week Range: $14.80 – $32.68
- Dividend Yield: 78%
- Net Expense Ratio: 85%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.