Payout Holds at High Level for Five Straight Months
Fuh Hwa Taiwan Technology High Dividend (00929) kept its latest payout at NT$0.38 per unit, implying an annualized yield above 16% based on the current share price, drawing market attention again. Looking back at this year's payout path, it started at NT$0.1 per unit early in the year, rose to NT$0.13 in April, doubled to NT$0.26 in June, climbed further to NT$0.38 in July, and has held at the high level for 5 straight months, trending steadily higher.
Strong Equalization Fund Covers Over Two and a Half Years
Investor Gu Yu analyzes that the biggest support for 00929's rising payouts is its strong equalization fund, with capital gains equalization alone reaching NT$12.63. Based on a monthly payout of NT$0.38, that equals 33 payouts, or more than two and a half years, showing strong payout power. He said "00929 has been really strong this round," and expects performance combining dividends and returns, with a chance to "rally" after the ex-dividend, achieving "returns on the left, dividends on the right."
Leading Returns Balance Dividends and Performance
Gu Yu also reminds that investing in high-dividend ETFs should not focus only on dividend figures; total return matters more. Only by balancing dividend income and capital gains can true investment value be created, to "collect well and earn more." He compared year-to-date performance of popular high-dividend ETFs: 00929 leads with a 65.95% return, ahead of Capital Taiwan Select High Dividend (00919) at 59.60%, CTBC Growth High Dividend (00934) at 53.93%, and Yuanta Taiwan High Dividend Low Volatility (00713) at 36.26%; the actively managed CTBC Taiwan Income (00406A), listed on June 11 this year, has returned negative 6.96% since listing.
As November begins, high-dividend ETFs have announced their latest payouts, offering eye-catching yields to attract investors. Gu Yu notes that picking high-dividend ETFs is not just about chasing high payouts, but mastering two keys: first, "payouts must be well supported," and second, "total return must not be sacrificed for payouts." If only the payout figures look good without solid overall performance, it is only half the job. He believes 00929 not only has strong equalization fund support but also delivered strong overall performance this year, scoring well on both payout ability and total return. Investors should still assess risks themselves, read the prospectus carefully, and bear their own profits and losses.