DIVE ETF — Dana Concentrated Dividend ETF

Dana Concentrated Dividend ETF (DIVE)

Updated October 16, 2026.

DIVE is an ETF. its distribution rate is 1.03%, its trailing-12-month yield is 1.27%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 13.4% over the past 1.1 years, 3.8 points behind SPY at 17.2%.

Dana Concentrated Dividend ETF is an actively managed ETF that seeks long-term capital appreciation and income by investing in a concentrated portfolio of approximately 25 to 35 primarily dividend-paying U.S. equity securities across most market sectors, selected for attractive dividend characteristics and strong fundamentals. The fund distributes quarterly and carries a modest current distribution rate. This ETF may appeal to income-focused investors seeking a concentrated approach to dividend investing with active management oversight.

DIVE performance versus SPY

Price and return data through 2026-10-16.

Total return is 13.4% over the past 1.1 years, 3.8 points behind SPY at 17.2%. Its deepest 1-year drawdown was 11.4%.

DIVE key facts

Distribution Safety Score™

50 · Unproven

Issuer

Dana Investment Advisors Inc

Asset type

ETF

Asset class

Equity

Inception date

09/15/2025

Expense ratio

0.65%

Distribution rate

1.03%

Distribution frequency

Quarterly

Trailing yield

1.27%

Last close

$28.01 (as of 2026-10-16)

AUM

$47,850,755

Average volume

850.0

Dividend

$0.07177

Ex-dividend date

09/29/2026

Payment date

09/30/2026

Beta

0.6671

How Dividend Vision calculates yield and returns

Distribution rate (1.03%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Dana Investment Advisors Inc; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DIVE risks and drawbacks

DIVE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.4%.

Who may consider DIVE — and who may not

It is a weaker fit for investors who need monthly cash flow (DIVE pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DIVE

• All tickers starting with D

Tagged: Dividend.

Frequently asked questions

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