Lowell
Purchased IDV for a number of portfolios.
I tried to determine the expected dividend/yield this ETF paid in 2008 and would pay in 2009. I found conflicting numbers. One said a dividend of $9.05 was distributed I assume this was for all of 2008 but with a $20 Price this does not seem viable. Another said a yield of 14.52% based upon TTM. This same site indicated an SEC yield of 7.23%. The SEC yield being based upon prior 30 days results. My question is what dividend and yield are you expecting for 2009?
I also note this ETF has taken a 62% decline from its high in 2008. This seems like a overly significant decline for a high dividend paying ETF. It seems like the market must not believe the dividend is secure. I note this ETF has most of its investments in Asia/Europe and shows a price to cash flow of 3.4. Thus this ETF seems extremely underpriced unless there is some hidden risk I am overlooking. What is your take?
I do note the technical indicators look quite bullish with a bottoming pattern being made and an uptrend seems to be in process. IDV seems poised to soon break its 50d EMA.
Dan |