Do you need dividend income? Do you want to keep things simple? As an investor, you can easily achieve both without sacrificing results. There are plenty of dividend-oriented exchange-traded funds (ETFs) that offer you all the yield that individual stocks can, without the stress of picking and watching those individual stocks.
Among the best of these names are the ProShares S&P 500 Dividend Aristocrats ETF (NYSEMKT: NOBL), the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD), and the Invesco Preferred ETF (NYSEMKT: PGX). They may all seem similar enough to one another that it doesn't matter which one, or ones, you pick. But there are some noteworthy differences that income investors should understand about these three ETFs.
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Source Fool.com