United Continental (NYSE: UAL) is the only member of JETS’ four largest holdings that currently does not pay a dividend, but as Barron’s notes, the company has left the door open to being a dividend payer.
Alaska Air (NYSE: ALK) has doubled its dividend in two years, but half of JETS’ top 10 holdings currently do not pay dividends.
JETS tracks the U.S. Global Jets Index, which is comprised of U.S. and international passenger airline companies, aircraft manufacturers and airports and terminal services companies. The universe of airline companies around the globe is screened for investability, a minimum market cap of $100 million and liquidity. The underlying index will hold between 30 and 35 airline companies. [Fly Into an Inexpensive Industry]
U.S. Global Jets ETF
