Exxon extending its dividend increase streak also means it remains a member of the $348.6 million PowerShares Dividend Achievers Portfolio (NYSEArca: PFM), an ETF that requires dividend increase streaks of at least 10 years.
At a weight of almost 4%, Exxon is PFM’s second-largest holding. Chevron, at a weight of 3.1%, is PFM’s seventh-largest holding.
Interestingly, when we initially covered in late February the issue of Exxon’s payout as it relates to dividend ETFs, the stock was the seventh-largest holding at a weight of 3.3% in the Vanguard Dividend Appreciation ETF (NYSEArca: VIG). However, VIG, the largest dividend ETF by assets, no long features Exxon among its 182 holdings, according to Vanguard data.
ProShares S&P 500 Aristocrats ETF
