WisdomTree announced that 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) 2.7% yield, WisdomTree LargeCap Dividend Fund (DLN) 2.72% yield, WisdomTree MidCap Dividend Fund (DON) 2.74% yield and WisdomTree SmallCap Dividend Fund (DES) with a 3.38% yield.
The four ETFs are scheduled to make their first monthly distribution on ex-date Nov. 26, according to a press release.
Two other ETFs, WisdomTree Dividend ex-Financials Fund (DTN) 3/1% yield and WisdomTree Equity Income Fund (DHS) 3.45% yield, switched from quarterly to monthly dividend distributions in July 2012.