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.