DOV vs TSLY: Dividend Comparison
Dividend data as of
DOVER Corp (DOV) from Industrials and YieldMax TSLA Option Income Strategy ETF (TSLY) from N/A offer different dividend profiles for income-focused portfolios. TSLY offers a significantly higher 91.58% yield compared to DOV's 0.90%, a gap of 90.68%. For dividend growth, DOV leads with a 5-year CAGR of 1.0% versus TSLY's -48.5%. DOV is a Dividend Aristocrat with 41 years of consecutive increases.
Verdict
Yield Analysis
TSLY yields 90.68% more than DOV. In dollar terms, DOV pays $2.08/share vs TSLY's $32.63/share annually.
Dividend Growth
DOV: Dividend growth has been steady, with a 3-year CAGR of 1.0% and a 5-year CAGR of 1.0% (10-year: 4.5%).
TSLY: Dividend growth is accelerating — the 3-year CAGR of -47.2% exceeds the 5-year rate of -48.5% and the 10-year rate of -48.5%.
Dividend Safety
DOV: The payout ratio of 26% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.8x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in DOV vs TSLY today?
At $231.16 per share, $10,000 buys about 43.3 shares of DOVER Corp (DOV). Each share pays $2.08 per year in dividends, so the position starts out generating roughly $90 per year — about $7 a month.
At $33.86 per share, $10,000 buys about 295.3 shares of YieldMax TSLA Option Income Strategy ETF (TSLY). Each share pays $32.63 per year in dividends, so the position starts out generating roughly $9,636 per year — about $803 a month.
TSLY is the larger income stream from day one: $9,546 per year more on the same $10,000 invested.
What could $10,000 of DOV or TSLY income look like in 10 years?
DOVER Corp (DOV) has raised its dividend about 1.0% a year over the past five years. If that pace held, the $90 per year that $10,000 generates today at the current 0.90% yield would reach $99 per year by 2036 — a 1.0% yield on the original cost.
YieldMax TSLA Option Income Strategy ETF (TSLY)'s dividend has shrunk about 48.5% a year over the past five years. If that trend continued, today's $9,158 per year on $10,000 (at the current 91.58% yield) would fall to $12 per year by 2036.
On those trailing rates, DOV pays more in 2036: $99 versus $12 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would DOV's dividend growth overtake TSLY's higher yield?
DOVER Corp (DOV) yields less today (0.90% vs 91.58%) but has grown its dividend faster — 1.0% vs -48.5% a year over the past five years. If both trends continued, a $10,000 position in DOV would start out-earning the same position in TSLY around 2033 (roughly 7 years from now), paying about $96 per year at the crossover. Before that point, TSLY pays more each year; after it, the gap compounds in DOV's favor.
Why is there no payout ratio for TSLY?
REWD has neither an earnings-per-share figure nor a payout ratio for YieldMax TSLA Option Income Strategy ETF (TSLY) — typical for ETFs and covered-call funds, whose distributions are funded by the underlying portfolio (stock dividends, option premium, or return of capital) rather than a single company's earnings. For a fund, judge sustainability by the distribution history and the strategy behind it, not a payout ratio.
DOVER Corp (DOV) earns $7.98 per share against $2.08 paid out in dividends — 3.8x coverage (a 26% payout ratio). That's the usual corporate affordability test — it just doesn't translate to the fund side of this comparison.
Which fits an early-retirement income portfolio better, DOV or TSLY?
For income you need right now, YieldMax TSLA Option Income Strategy ETF (TSLY) leads: $100,000 invested today pays about $7,632 a month at the current 91.58% yield, versus $75 a month from DOVER Corp (DOV) at 0.90%.
With a decade or more before the income is needed, DOV's faster dividend growth (1.0% vs -48.5% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
On consistency: DOV has raised its dividend 41 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $109/yr in DOV vs $7,959/yr in TSLY by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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