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Does the Vanguard High Yield ETF (VHY) really have a 9% dividend yield right now?

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Investors buying the Vanguard Australian Shares High Yield ETF (AS:X VHY) probably do so with the expectation of fat, and franked, dividends.

After all, it’s all in the name of this exchange-traded fund (ETF). Like most ASX ETFs, VHY holds an underlying portfolio of…



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