We calculate the yield daily based on 2 numbers - annual dividend / price. We get the annual dividend from our vendor.
It's based on the dividends actually paid out by the company. VYM paid a quarterly dividend of a little over .17, it was annualized to .70, so .70 / 52 = 1.35% For ECR, the company paid a quarterly dividend of .24, annualized to .96 so .96 / .p3 = 1.03% The concept of yield shouldn't apply to ECR, as it looks like the company is just liquidating assets, and will never pay a regular dividend. Gary ----- Original Message ----- From: investor0329 To: [email protected] Sent: Tuesday, January 30, 2007 11:35 PM Subject: [quotes-plus] Gary...ticker VYM QP shows wrong yield Ticker VYM is a dividend etf issued by Vanguard. According to QP, the yield is around 1.35%. I thought this would be too low for a dividend etf, and found out that the yield is really just under 3%. Where does the 1.35% come from? http://whereistheyield.blogspot.com/ Tuesday, January 30, 2007 Vanguard High Dividend Yield ETF - VYM Into the already crowded space of dividend ETFs, enters a new fund from Vanguard. It's called the Vanguard High Dividend Yield ETF, tracks the FTSE High Dividend Yield Index and trades under the symbol VYM. Vanguard is the proverbial 500-pound gorilla in the index fund business. Any offering they come up with is bound to be a contender. At the very least it's worth looking at. The FTSE index they track is proprietary, and comes with a legal warning that prevents me from doing my usual dissection of individual holdings. Sufficing to say that the index is basically the top yielding half (in terms of market cap) of the total US market minus REITs and non-payers. What they end up with is a 2.9% yielding index of over 500 stocks, which they provide at an expense ratio of 0.25% (in the ETF format - there is an equivalent mutual fund that charges 0.4%). This figure makes the VYM the cheapest dividend fund in the US - better than the 0.28% offered by the wisdomtree flagship and the 0.4% charged by the benchmark DVY. [Non-text portions of this message have been removed]
