Company and sector weightings also matter. For example, the Global X SuperDividend ETF (NYSEArca: SDIV) has outperformed many of its peers and comes with a 3.58% 12-month yield. The fund’s outperformance may be attributed to its heavy tilt toward utilities and real estate, which make up 21.3% and 17.7% of the portfolio, respectively. The fund does not specifically target these sectors but still capitalized on the performance due to the way it focuses on high-yielding stocks.

The WisdomTree U.S. Dividend Growth Fund (NasdaqGM: DGRW) provides investors with a forward-looking investment strategy, tracking new and up-and-coming dividend payers that have high expected earnings growth, as future dividends must be funded from cash flows companies generate. DGRW has a 1.86% 12-month yield. The recently launched iShares Core Dividend Growth ETF (NYSEArca: DGRO) also screens for recent dividend growth and sustainability of such growth. DGRO shows a 30-day SEC yield of 2.24%. [New Dividend ETFs Offers Core Growth]

For more information on dividend stocks, visit our dividend ETFs category.

Max Chen contributed to this article.