WisdomTree (WETF) on Tuesday said all six ETFs in its U.S. dividend series will pay distributions on a monthly rather than quarterly basis. The move is designed to accommodate investors who want a steadier stream of income.
The asset manager changed the distribution schedule for WisdomTree Total Dividend Fund (DTD), WisdomTree LargeCap Dividend Fund (DLN), WisdomTree MidCap Dividend Fund (DON) and WisdomTree SmallCap Dividend Fund (DES).
The four ETFs are scheduled to make their first monthly distribution on ex-date Nov. 26, according to a press release.
“We are pleased to announce that with the addition of these four funds, our entire family of domestic dividend ETFs will now make monthly dividend distributions,” said Jonathan Steinberg, WisdomTree CEO. “We believe the new payment schedule will be well received by fund shareholders, particularly by those investors seeking more frequent income distributions from our dividend-focused funds.”
WisdomTree Total Dividend Fund
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