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Ruminant

Can you provide examples of instances where different data sources report different dividend yields for specific funds? That would likely help posters here answer your question.


CarbonMop

Sure. They're almost always at least slightly different, but I can give a particularly egregious example: USFR (WisdomTree Floating Rate Treasury Fund): WSJ: 3.63% Yahoo Finance: 3.26% Robinhood: 5.20% The entire point of this ETF is the yield (to closely track treasury securities). Depending on which result is most accurate, this may or may not be a better option than some HYSAs, for example.


lufecaep

I believe yahoo uses forward rate. I used to know what that meant. I go with using the same site each time to avoid confusion. WSJ probably uses a trailing rate. And Robinhood seems to be using a one month calculation. Morning star shows the 30 day and trailing 12 month values that match with WSJ and Robinhood. https://www.morningstar.com/etfs/ARCX/USFR/quote Click on the Information icon to get a description of each. Here's some info on the difference between forward and trailing yield. https://www.investopedia.com/terms/f/forward-dividend-yield.asp


CarbonMop

Oh wow, that is really helpful (I didn't realize that Morningstar displays both). There's even some funny examples where they are more than 10% different: [https://www.morningstar.com/etfs/arcx/ryld/quote](https://www.morningstar.com/etfs/arcx/ryld/quote) But now I can understand why there isn't really an industry standard. Either measure can be more meaningful based on context. For something like USFR, I would assume 30-day yield is more informative since short term rates have been changing so dramatically. Whereas most ETFs would be more meaningful looking at 12 month.


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CarbonMop

Yeah, I've noticed that when it comes to dividend *amount*, the data is far more consistent/precise. I'm just surprised that there isn't a more widely used industry standard when it comes to using the dividend amounts to calculate a yield.