Like, NOBL, the ProShares S&P MidCap 400 Dividend Aristocrats ETF tracks a dividend aristocrats index. The midcap dividend aristocrats index, though, only requires 15 consecutive years of increased dividends for inclusion.
The ProShares Russell 2000 Dividend Growers ETF, a dividend spin on the Russell 2000, the benchmark U.S. small-cap index, tracks the Russell 2000 Dividend Growth Index. That index includes small-cap firms with dividend increase streaks of at least a decade. Index constituents are screened for liquidity and dividend status, then selected and equal weighted subject to a maximum sector weight of 30%.
Investors can also diversify into international markets while tracking similar dividend growth strategies. For instance, the ProShares MSCI EAFE Dividend Growers ETF (NYSEArca: EFAD) tracks developed market Europe, Australasia and Far East companies that exhibit a minimum dividend increase streak of 10 years. EFAD has a 1.69% 12-month yield.
More recently, ProShares came out with the targeted ProShares MSCI Europe Dividend Growers ETF (NYSEArca: EUDV) for exposure to European dividend stock exposure. EUDV tries to reflect the performance of the MSCI Europe Dividend Masters Index, which consists of at least 25 European companies that have consistently increased their dividends for at least 10 consecutive years. The underlying index shows a 3.07% dividend yield. [A New Europe ETF That Focuses on Quality, Dividend Payers]
Financial advisors who are interested in learning more about dividend strategies can register for the Tuesday, September 22 webcast here.