Vanguard’s Economies: A Dividend for Shareholders

Among those benefitting from this modest dispensation is the Vanguard High Dividend Yield ETF (VYM +1.72%). With some $72.2 billion under management as of February 3rd – a sum that rather dwarfs the national debts of several respectable principalities – it holds a position of some consequence in the dividend landscape. The appeal, naturally, lies not in any particular brilliance of investment strategy, but in the sheer, relentless efficiency of cost-cutting.







