“Many foreign stocks tie their dividend payments to earnings,” said Morningstar in a recent note. “Therefore, companies that have a history of increasing their dividend payments are also likely to be those that have been consistently growing profitably. This fund’s return on invested capital comes in at 17.3%, compared with 12.5% for the MSCI ACWI ex-USA Growth Index. It also lands in the top quintile of the foreign large-growth Morningstar Category.”
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Home to 102 stocks, CID features a tantalizing trailing 12-month dividend yield of almost 4.7%, well above what is found on traditional developed markets benchmarks. CID’s big dividend yield is owed, in part, to a combined 31% weight to the utilities telecommunications sectors. Financial services and industrial names combine for over 37% of the ETF’s weight.
The weighted average market value of CID’s holdings is nearly $28 billion. CID is up more than 14% year-to-date.
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