Stock prices have been so volatile that last week it was one thing, and today it's something else. Both 1.9% and 2.2% are correct, depending on the price when they computed it. And by the way, the future dividend is going to drop, but I'll leave that to the stock analysts to predict.
Your two MF's are "value-oriented" (a good thing if they did not load up on financial stocks), hence their dividend is higher than the S&P500.
About individual stocks, you can get much higher yields, but of course you may not be as diversified as the MF managers want to be. Perhaps they are afraid to lose their "solid" record if they concentrate too much on a few that pay really high dividends.
By the way, there is an advantage to owning individual stocks compared to MFs. Say a good company is in trouble, and the bad news hit the press. Owning a few thousand shares at most, one mouse click and you are out. Compared that to a MF manager who owns several million shares. It takes him days to get out. If he dumps his 10M shares, the price is instantly down in the mud.
I once read about a manager of a not-so-big MF, an account of his daily activities, not unlike our own thread "what did you do today". After researching and finding a good company, he wanted to build a position in this stock. In order for the position to make a dent in his bottom line, he got to get several million shares. It took him 3 months buying slowly to build up that position. Buying too fast, and the price rose beyond what he wanted to pay. Similarly, it took that long to unwind.
MF managers often lament that their portfolio size makes it tough for them to jump in and out quick like small individual investors. If I sound like I am defending these MF managers, it is only because I try to explain the probable reason they are not getting you the dividend that you want.
I hope the above explains why your 2 MFs do not want to load up on just a few companies. You can, as owner of individual stocks, but at your own risk.