Financial services stocks are helping drive European dividend growth. “France’s BNP Paribas continued to pay a dividend despite a hefty U.S. fine and crisis-scarred Credit Agricole recently resumed dividend payments,” according to Reuters.

Financials account for 26.7% of FEZ’s weight, indicating that ETF should be a beneficiary of dividend growth from that sector.

So should the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ). HEDJ, which is designed to deliver a boost as the euro falls against the dollar, features solid dividend growth credentials of its own although it is not an explicit dividend ETF. [Flailing Euro Helps These ETFs]

HEDJ features a 12.5% weight to financials and a combined weight of nearly 44.7% to France and Spain. The ETF has more than doubled in size since April.

SPDR EURO STOXX 50 Fund

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.