FDVV Fidelity High Dividend ETFs Dividend Yield

FDVV Dividend Overview

Recent Dividend History

FDVV's most recent quarterly dividend payments on record

Data represents FDVV's most recent quarterly dividend payments on record (June 2021 through March 2026). FDVV launched in September 2016. For the most current and complete data, always verify with official Fidelity fund sources.

About the Fidelity High Dividend ETF

FDVV seeks investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity High Dividend Index. The fund normally invests at least 80% of its assets in securities included in the index, as well as in depositary receipts representing index securities, and may lend securities to generate additional income for the fund.

The underlying Fidelity High Dividend Index is designed to reflect the performance of stocks of large- and mid-capitalization, dividend-paying companies that are expected to continue paying — and growing — their dividends. This means FDVV blends a "high yield today" approach with a forward-looking dividend growth screen, which is part of why its holdings often include a mix of established dividend payers alongside select growth-oriented names.

FDVV launched in September 2016 and has grown into one of the more widely held dividend-focused ETFs in the Fidelity lineup, largely thanks to its low 0.15% expense ratio and quarterly distribution schedule that appeals to income-focused investors building a passive cash-flow stream.

FDVV Strategy & Index Methodology

Unlike ETFs that simply rank stocks by trailing yield, FDVV's underlying index applies a screening process that weighs both current dividend yield and the likelihood of continued or growing payouts. This typically means:

• Large- and mid-cap focus: FDVV leans toward established, financially healthy companies rather than small, speculative high-yielders.
• Dividend growth screen: Companies expected to cut or freeze dividends are generally screened out, which can reduce "yield trap" risk relative to simple high-yield strategies.
• Sector diversification: Holdings are typically spread across financials, healthcare, technology, energy, and consumer staples, avoiding overconcentration in any single sector.
• Quarterly rebalancing: The index reconstitutes periodically, which is part of why FDVV's per-share dividend amount fluctuates from quarter to quarter rather than staying fixed.

How FDVV Compares to Other Dividend ETFs

Income investors often compare FDVV against other large-cap dividend ETFs such as SCHD, VYM, and DGRO. Broadly speaking:

• FDVV vs. SCHD: SCHD applies a stricter quality and fundamentals-based screen with a longer dividend-growth history requirement, while FDVV's methodology is somewhat broader in scope.
• FDVV vs. VYM: VYM is a pure high-yield index tracker with a much larger holdings count, while FDVV's smaller, more concentrated portfolio leans into its dividend-growth screen.
• FDVV vs. DGRO: DGRO emphasizes consistent historical dividend growth over current yield, whereas FDVV balances yield today with growth potential going forward.

Every one of these funds carries different sector weightings, turnover, and risk profiles — investors should compare full holdings, expense ratios, and total return history side-by-side rather than relying on yield alone. You can compare FDVV against 100+ other dividend ETFs using our free rankings tool below, or dig into pro-level comparisons at TopDividendETFsPro.com.