3 Dividend ETFs Perfect for Millennial Investors

Market Overview - The market is experiencing upward momentum, primarily driven by growth stocks, leading to a concentration of the S&P 500 at the top with megacap tech stocks [1] - High valuations and concentrated market leadership suggest that now may be an opportune time to consider dollar-cost averaging into dividend-oriented ETFs for portfolio diversification [1] Dividend ETFs - For millennials, reinvesting dividends can lead to significant wealth accumulation over time, making dividend ETFs a viable option for both wealth building and generating extra cash [2] - Three recommended dividend ETFs include: - Schwab U.S. Dividend Equity ETF (SCHD): This ETF tracks the Dow Jones U.S. Dividend 100 Index, focusing on companies with strong balance sheets and a history of growing dividends. It currently offers a 3.7% dividend yield and has achieved a 12.3% average annual return over the past decade [4][6] - Vanguard International High Dividend Yield ETF (VYMI): This ETF provides international exposure by tracking the FTSE All-World ex U.S. High Dividend Yield Index, which includes over 1,500 stocks with higher-than-average dividend yields from various global markets [7][9] - Alerian MLP ETF: Noted for offering one of the highest yields among investment vehicles, although specific details were not provided in the text [8]