DHS

Impacted by the pandemic, company payouts drop 10% on an underlying basis in 2020 as one in five cut their dividends and one in eight cancelled them altogether.2020 Q4 payouts

Indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $9.5B during Q4 vs. a decline of $2.3B in Q3 and a gain of $10.6B in year ago quarter,

Indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $9.5B during Q4 vs. a decline of $2.3B in Q3 and a gain of $10.6B in year ago quarter,

WisdomTree U.S. High Dividend Fund (DHS) had declared $0.63/share quarterly dividend, 85.3% increase from prior dividend of $0.34.Payable Dec. 24; for shareholders of record Dec. 22; ex-div Dec. 21.See DHS Dividend

Dividend-paying securities remain undervalued.Low rates are here to stay for a while.Diversification of your dividend stream is essential.

With assets under management of ~$772.6 million, DHS tracks the WisdomTree U.S. High Dividend Index and has 295 holdings. It has a substantial standardized yield of 4.6%. The index it tracks is much pickier than the WTMDI that I discussed earlier, which does not factor in a composite risk score. Despite a favorable portfolio composition, DHS has failed to outperform the S&P 500 or at least deliver a total return in-line with the U.S. market benchmark in the previous ten years. I am neutral on DHS.