Fidelity High Dividend ETF (FDVV)

Overview

This company operates as an investment fund focusing specifically on high-dividend-paying stocks. It commits at least 80% of its assets to securities that are part of its underlying index, as well as in depository receipts representing those securities. The targeted underlying index is strategically chosen to mirror the performance of large and mid-capitalization companies known for their high dividend payouts and the potential for continued dividend growth. The essence of this fund's strategy is to generate stable and growing income for its investors by investing in companies with a strong track record of paying dividends.

Products and Services

• High-Dividend Stock Investments

  Specializes in investing in a diversified portfolio of stocks known for high dividend yields. The focus is on companies that not only pay high dividends but are also expected to increase their dividend payouts over time, aligning with investors looking for regular income along with potential capital appreciation.

• Depository Receipts Investments

  Offers investment opportunities in depository receipts, which are negotiable financial instruments issued by banks that represent shares in foreign companies, but are traded on a local stock exchange. This allows the fund to incorporate high-dividend-paying companies from around the globe into its portfolio, diversifying the investment and risk.