EDIV also features a combined weight of over 26% to utilities and telecom stocks. Along with financials, those three sectors have some of the largest concentrations of state-controlled enterprises in the emeging world.
With its 5.16% dividend yield, EDIV has also been an admirable performer as of late despite speculation that lower oil prices and economic sanctions from the West could hamper Russian dividends. At best, Russian dividend growth is expected to be flat this year with cuts coming from the country’s energy and financial services firms.
However, the weak ruble is helping Russian metals exporters bolster cash hoards to the point where some mining companies there could actually raise payouts. Russian stocks account for nearly 2.6% of EDIV’s weight.
SPDR S&P Emerging Markets Dividend ETF
