If there is a silver dividend lining for OIH and IEZ it is that the ETFs’ largest holdings have shown themselves to be prodigious dividend growers in recent years.
Schlumberger (NYSE: SLB), the world’s largest oil services provider, has nearly doubled its payout since 2011. Halliburton (NYSE: HAL), Schlumberger’s primary rival, has boosted its dividend by two-thirds since 2012. National Oilwell Varco (NYSE: NOV) has roughly quadrupled its payout in just the past year.
Those three stocks combine for nearly 42% of OIH’s weight and almost 40% of IEZ.
Market Vectors Oil Services ETF
