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State Street SPDR S&P Dividend ETF
SDY (State Street SPDR S&P Dividend ETF) is an index US Dividend Equity ETF by State. With a 0.35% MER, it provides diversified exposure through 7 holdings. Quarterly distribution with a 2.45% yield.
SDY by State is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.35% MER, its fees are in line with category averages. It pays a quarterly distribution with a 2.45% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.