Cheddar | September 30, 2021
In a discussion on “Wake up with Cheddar”, Simeon Hyman discusses the potential economic impact of recent and upcoming Fed meetings. Hyman says a normalization of inflation and interest rates is “putting pressure on tech stocks”, stating that one of the “best ways” to defend themselves is by increasing their dividends. He states the tech sector has “quietly been increasing its dividends over the last number of years” and highlights ProShares’ S&P Technology Dividend Aristocrats ETF (TDV). TDV tracks the S&P Technology Dividend Aristocrats Index, which is made up of well-established, technology-related companies that have consistently raised their dividends for at least seven years. See TDV’s performance and holdings.
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