If you’re an income investor, your primary concern is finding solid investment vehicles paying out impressive high dividend yields. Sure, there are a lot of individual stocks out there paying good dividends, but trying to determine which stocks are best is often a trying task. Fortunately, the exchange-traded fund (ETF) landscape is wide enough now that you don’t have to venture into individual equities to get a diversified basket of high dividend yield stocks. Today, there are many ETFs that do just that, and the following five are the highest-yielding of the bunch. (See our recent article on 9 dividend paying stocks).PowerShares Preferred (PGX)
Topping our list of high dividend yield ETFs is the PowerShares Preferred (PGX). This fund seeks investment results that correspond generally to the price and yield performance of an index called The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. Basically, with PGX you own preferred stock in some of the best financial companies around, including JP Morgan Chase (JPM), Barclays (BCS) and Wells Fargo (WFC). As of Septmeber 30, PGX paid an annual dividend yield of 6.98%. (more)
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