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ETF Specialist

An Elegant and Transparent Dividend-Focused Strategy

Adam McCullough, CFA

I recently highlighted several funds that paid the price for chasing high-dividend-yielding stocks in an article titled "The Perils of Funds That Narrowly Target High-Yielding Stocks."

Putting too much emphasis on dividend yield can harm the total return of your equity-income investment. It's important to focus on an investment's prospective total return--not solely its yield--as higher yields usually imply greater risk.

Adam McCullough, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.