HDV distributions for 2025 dropped 4.9% to $3.91 per share. The fund returned 11.3% over the past year, lagging the S&P 500's 17% return. There are some sustainability concerns with the top holdings. AbbVie makes up 6.2% of the fund and has a payout ratio nearly 500% due to an earnings drop, though cash flow remains decent. Chevron is also running a high payout ratio at 95%. The fund is heavily concentrated in energy and consumer staples. For comparison, VYM has 571 holdings versus HDV's 75, potentially offering more safety through diversification despite a lower starting yield.