Retail Sector’s Robust March Offers Consumers 12.49 Percent Yield
If you were to ask regular readers of our news briefs where to look for consistent double-digit dividends this year, real estate investment trusts (REITs) may have been a unanimous response. But that warrants change as of last Friday, when the U.S. Department of Commerce released its March 2014 retail sector data. Overall, the retail sector’s 1.1 percent gain beat analysts’ expectations, posting the highest gain since September of 2012. Of the 13 categories tracked in the sector, 10 whipped estimates, with General Merchandise leading the way, posting a 2 percent gain. Now, if you’re looking for a way to convert that performance into income, look no further than the 12.49 percent yield offered to investors of Market Vectors Retail ETF (RTH) via quarterly dividend. With retail expectations starting to heat up for the summer, RTH’s robust 12.49 dividend yield should continue its hot streak well into the fall.