Neutral
Seeking Alpha
9 months ago
BAMD: Excessive 0.95% Annual Fee, A Red Flag For Dividend Investors
Brookstone Dividend Stock ETF offers an attractive 4.21% trailing dividend yield, but its excessive 0.95% expense ratio ruins what could be a viable option for high-income investors. BAMD's annual financials reveal 18% of the fund's total investment income was diverted to expenses, a substantial amount compared to alternatives like SPYD, HDV, DHS, and SCHD. My analysis revealed poor dividend growth and safety features. The dividend payout ratio is 70%, and its constituents only increased dividends by an annualized 3.78% over the last five years.
