The top reason anyone might be interested in the SPDR Portfolio S 500 High Dividend ETF (NYSEMKT: SPYD) is clear. It's first and foremost a dividend payer. The fund's current dividend yield stands at a healthy 4.6%. For the sake of comparison, the S 500's average dividend yield right now is a much more modest 1.35%. Income-seeking investors could certainly do worse than stepping into this exchange-traded fund.

Buying a stake in this ETF for its solid yield, however, isn't necessarily the best move for you. As is the case with any investment, there are trade-offs and downsides to owning this one. Some people might be better off not owning a stake in the SPDR Portfolio S 500 High Dividend ETF and selecting another high-yielding choice instead.

Just as the name suggests, this fund delivers respectable dividend payments right out of the gate to newcomers. The aforementioned yield of 4.6% is about as much yield as you're going to find from any investment in stocks, which of course also offers you a chance of capital appreciation.

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Source Fool.com