Apple announced last week that it would increase its dividend by 11 percent and it wasn't alone. In April, companies like CSX, Travelers, Johnson & Johnson and Procter & Gamble all raised their dividends.
Given that the yield on 10-year Treasurys seems stuck at 2 percent, one would think investors in search of stable returns would scoop up these stocks hand over fist?
But they're not.
Through the end of April, the five largest dividend-focused exchange-traded funds had total outflows of more than $1 billion as you can see below.