Earlier this year, NOBL was named ETF Product of the Year at the William F. Sharpe Indexing Achievement Awards, presented at the annual IMN Global Indexing & ETFs conference in Scottsdale, Arizona, according to a statement issued by ProShares.
What makes NOBL an alluring option among dividend ETFs is that even though the ETF is home to plenty of mature, old line companies, as evidenced by the 25-year dividend increase streak requirement, the ETF sports a yield of less than 2%. That implies ample room for dividend growth even if interest rates rise.
The potency of dividends and dividend growth in rising rate environments is not surprising because dividend growth, historically, tops inflation.
Since the early 1970s, when inflation ran as high as 11% per year, aggregate annual dividends of the S&P 500 have grown more than 1,000%, to $34.99 from $3.16 a share, Maxwell Murphy reports for the Wall Street Journal.
ProShares S&P 500 Aristocrats ETF
