The high-quality dividend names are the way to go, said Bryan Piskorowski, managing director at Wells Fargo Advisors.
“I think we’ve had a go-go recovery in the marketplace and you’ve seen a lot of low quality deep cyclical names that have been bouncing,” Piskorowski told CNBC.
The sector that has been neglected is the high-quality dividend stocks, he said.
“In this kind of market, individual investors might not be super comfortable with equities, but you can take a look at dividend growth names as a way to make total return, in order to make back for the losses over the last few years,” he said.
Recommendation:
iShares Dow Jones Select Dividend Index
Disclosure:
No immediate information was available for Piskorowski or his firm.
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Other High-Dividend ETFs:
First Trust Morningstar Dividend Leaders Index Fund
SPDR S&P Dividend ETF
Vanguard High Dividend Yield ETF
WisdomTree DEFA High-Yielding Equity Fund
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