Does QQQ have a dividend?
QQQ Dividend Information
Historical dividend payout and yield for Invesco QQQ (QQQ) since 2005. The current TTM dividend payout for Invesco QQQ (QQQ) as of June 03, 2024 is $2.42. The current dividend yield for Invesco QQQ as of June 03, 2024 is 0.54%.
QQQ has a consensus rating of Moderate Buy which is based on 88 buy ratings, 14 hold ratings and 0 sell ratings. What is QQQ's price target? The average price target for QQQ is $509.73. This is based on 102 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
Invesco QQQ Market Price: YTD: 8.56%; 1YR: 39.27%; 3YR: 12.34%; 5YR: 20.62%; 10YR: 18.58%; Since Inception: 9.70%.
QQQY Dividend Information
QQQY has a dividend yield of 53.30% and paid $7.75 per share in the past year. The dividend is paid every month and the last ex-dividend date was Jun 3, 2024.
The QQQ ETF offers buy-and-hold investors low expenses and long-term growth potential with enough diversification to avoid the risks of betting on one company. On the downside, long-term investors in QQQ must deal with sector risk, possible overvaluation, and the absence of small caps.
QQQ's approach to Dividend distribution: Unlike many other ETFs, QQQ does not follow a traditional dividend distribution approach. Instead, the fund reinvests all of its profits back into the fund, with no annual distribution to its investors. This approach can have both advantages and disadvantages for investors.
QQQ appears to be the single best long-term investment option for investors seeking total returns due to its ability to expose holders to top U.S. companies on an ongoing basis. The Nasdaq 100 has consistently outperformed the S&P 500 in terms of total returns, making it a favorable choice for long-term investors.
In the past year, QQQ returned a total of 31.48%, which is higher than VOO's 27.14% return. Over the past 10 years, QQQ has had annualized average returns of 18.49% , compared to 12.72% for VOO. These numbers are adjusted for stock splits and include dividends.
According to the latest long-term forecast, Invesco QQQ price will hit $500 by the end of 2024 and then $600 by the end of 2025. Invesco QQQ will rise to $700 within the year of 2027, $900 in 2029, $1000 in 2030, $1100 in 2033 and $1200 in 2034.
Can QQQ be held long term?
7 While the Nasdaq-100 is historically more volatile than the S&P 500, QQQ can be held over long time frames while its cousin, TQQQ is definitely a short-term trade.
Performance data quoted represents past performance, which is not a guarantee of future results. Invesco QQQ's total expense ratio is 0.20%.
| Period | Average annualised return | Total return |
|---|---|---|
| Last year | 35.7% | 35.7% |
| Last 5 years | 19.3% | 141.7% |
| Last 10 years | 21.0% | 574.9% |
QQQY's 50-day moving average is 14.82, which suggests QQQY is a Buy.
There's no limit, and no set amount – you might even pay your shareholders different dividend amounts. Dividends are paid from a company's profits, so payments might fluctuate depending on how much profit is available. If the company doesn't have any retained profit, it can't make dividend payments.
The record date: The date that determines all shareholders of record who are entitled to the dividend payment. This date usually occurs two days after the ex-date. The payment date: This is the day dividend payments are issued to shareholders and is usually about one month after the record date.
The table demonstrates that the difference between SPY and QQQ is that the S&P 500 Index and SPY ETF provide much better options for diversification across economic sectors. Despite this, the tech sector accounts for over a third of assets in this fund and is actually 3 times more than the second largest sector.
| High-Dividend ETF | Assets Under Management | Trailing Dividend Yield* |
|---|---|---|
| ProShares S&P 500 High Income ETF (ISPY) | $86.5 million | 10.5% |
| VanEck BDC Income ETF (BIZD) | $1.1 billion | 10.7% |
| Invesco Senior Loan ETF (BKLN) | $7.2 billion | 8.8% |
| SPDR Blackstone High Income ETF (HYBL) | $153 million | 8.1% |
Invesco Nasdaq 100 ETF (QQQM)
“Historically, these investments have potential for higher growth over time that you will generally pay no taxes on when held in a Roth IRA.” A great example is QQQM, which tracks the Nasdaq-100 Index.
Therefore, VFLO could work as a complement to QQQ in a portfolio. VFLO, which uses free cash flow as a metric, captures stocks trading at a discount (i.e., value stocks) with favorable growth prospects.
Does QQQ outperform the S&P 500?
NASDAQ: QQQ
Compared to its peer group, the QQQ has a relatively low expense ratio of 0.2%, along with a fairly average yield of 0.62%. It also has a long history of outperforming several benchmarks. Over the prior 10 years, for instance, the QQQ has outperformed the S&P 500 by a staggering 186.2%.
The QQQ ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Pure Tech, Pure Growth
When you pit “QQQ vs VGT,” VGT's tech purity stands out. It zeroes in on the tech sector, tracking the performance of the MSCI US Investable Market Information Technology 25/50 Index.
You don't want the ETF taking up your whole portfolio
The Invesco QQQ ETF's concentration can offer significant growth opportunities, but there is risk in being so reliant on the technology sector (or any one sector in general).
| Symbol | ETF Name | 10y Chg 6-3-24 |
|---|---|---|
| XSD | SPDR S&P Semiconductor ETF | 641% |
| IYW | iShares US Technology ETF | 541% |
| VGT | Vanguard Information Technology ETF | 538% |
| XLK | SPDR Technology Sector ETF | 537% |
