When accounting for a small weight to Progressive (NYSE: PGR), also a member of the Bloomberg list, nearly 12% of XLF’s weight goes to some of the aforementioned stocks. XLF’s current dividend yield of 1.77% is nothing to swoon over, but the ETF’s payout is on the rise. XLF paid a dividend of about 32 cents per share last year, up from roughly 29 cents in 2012 and 23 cents in 2011, according to State Street data.
The PowerShares KBW Bank Portfolio (NYSEArca: KBWB) is another option to consider. In fact, the fund has previously been highlighted as a valid play on bank dividend growth. [ETFs for Banks Returning Capital to Shareholders]
Citi, SunTrust, Comerica and Regions combine for 22% of KBWB’s weight while Huntington, KeyCorp and Bank of New York Mellon combine for another 11%. As the table below indicates, KBWB’s 2013 payout was well above 2012’s.
KBWB Distribtuions
Chart Courtesy: PowerShares