Here’s a little information on each of these funds.

• iShares Preferred & Income Securities ETF: This is full of about 443 U.S. preferred stocks and hybrid securities. Note that preferred stocks generally don’t appreciate much in value, and their dividends aren’t usually big growers, either — but they do tend to deliver generous passive income.

• SPDR Portfolio S&P 500 High Dividend ETF: This ETF will have you invested in the 80 highest-yielding stocks within the S&P 500 index.

• SPDR S&P Dividend ETF: This ETF features about 133 stocks from within the S&P 1500 Composite Index that have increased their dividends for at least 20 consecutive years.

• Schwab U.S. Dividend Equity ETF: This ETF tracks the Dow Jones U.S. Dividend 100 Index, which is focused on 100 high-yielding U.S. stocks with solid fundamentals and consistent payments.

• Vanguard High Dividend Yield ETF: This ETF tracks the FTSE High Dividend Yield Index of high-yielding companies and recently encompassed around 550 of them.

• First Trust Rising Dividend Achievers ETF: This ETF is focused on the Nasdaq US Rising Dividend Achievers index of about 50 companies of various sizes that have been paying growing dividends and seem healthy enough to continue doing so.

• Vanguard Dividend Appreciation ETF: This ETF tracks the S&P U.S. Dividend Growers Index of about 340 large-cap stocks with a solid record of dividend increases.

• iShares Core Dividend Growth ETF: This ETF is another one focused on U.S. stocks, around 400 of them, that have been consistently paying — and increasing — dividends.

• Fidelity High Dividend ETF: This ETF features around 107 medium-sized and large companies that are poised to keep paying and increasing their dividends.

The list above might seem overwhelming, so here are some thoughts that can guide your decision-making:

• If your workplace 401(k) plan is administered by Fidelity, Schwab, or Vanguard, you might find one or more of the funds above among the investments you can choose from.

• There’s often a trade-off between growth and yield. So the preferred-stock ETF here features the highest recent yield, near 6%, but that yield isn’t going to grow much.

• The S&P 500 index fund at the bottom of the chart sports the lowest yield, but the highest average annual gains.

• You might split your dollars between one or a few funds with fatter yields and one or a few that are likely to appreciate in price rapidly. (Note that some ETFs have even bigger growth rates, though they tend to pay little in dividends.)

• Never forget the power of dividend growth. Don’t write off small dividends if they’ve been increasing rapidly — and, thus, don’t discount some of the smaller yields in the table above if the ETF is focused on dividends that are growing. For example, consider Automatic Data Processing, which recently sported a yield of 1.93%. But look into its dividend history, and you’ll see a recent annual dividend of $5.60 per share, up from $4.37 in 2022 and $3.28 in 2019. Buying ETFs with smallish but rapidly growing dividends can be a great long-term move.

If you want to look even further afield for ETFs that are cranking out lots of passive income, you might look into some that invest via junk bonds and options, or some that feature lower volatility.

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Selena Maranjian has positions in Schwab U.S. Dividend Equity ETF. The Motley Fool has positions in and recommends Vanguard Dividend Appreciation ETF, Vanguard S&P 500 ETF, and Vanguard Whitehall Funds-Vanguard High Dividend Yield ETF. The Motley Fool has a disclosure policy.

9 High-Yield Dividend ETFs to Buy to Generate Passive Income was originally published by The Motley Fool