Additionally, WisdomTree offers two funds that exclude the riskier financial sector, including the WisdomTree Dividend ex-Financials (DTN) and WisdomTree International Div ex-Financials (DOO). It should be noted that foreign companies usually payer higher dividends, and emerging market dividend-payers offer higher yields but come with greater risk. Strauts also warns that international funds may hold heavier weightings in select countries with high dividend-paying companies.

One of the largest dividend-themed ETFs by assets under management is iShares Dow Jones Select Dividend (NYSEArca: DVY).

WisdomTree Dividend ex-Financials

For more information on dividend-paying ETFs, visit our dividend ETFs category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own DVY.