Swiss firms are expected to boost payouts 8.1% this year, predictably led by staples and pharmaceuticals giants Nestle (OTC: NSRGY), Novartis (NYSE: NVS) and Roche, according to the Journal. Those stocks combine for about 16% of EUDG’s weight.
EUDG tracks the WisdomTree Europe Dividend Growth Index, “a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree DEFA Index,” according to WisdomTree.
Importantly, Europe’s dividend growth is sustainable because the region’s firms have about $3 trillion in cash on hand, the most in over a decade.
The WisdomTree Europe Dividend Growth Index (WTEDG) has a dividend yield of 3.43% and trades at 15.86 earnings, according to issuer data.
WisdomTree Europe Hedged Equity Fund
