ProShares has launched the ProShares MSCI Europe Dividend Growers ETF (EUDV), the first ETF focused on European companies that have consistently grown their dividends year over year.
“Dividend growth has historically been an indicator of a company’s financial strength and return potential,” says Michael L Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares. “We are pleased to add a Europe-focused fund to our suite of dividend growers ETFs.”
According to Ned Davis Research, both US and international companies that grew their dividends year over year outperformed companies that did not.
ProShares now offers five dividend growers ETFs, including three US and two international funds. ProShares’ first dividend growers ETF, ProShares S&P 500 Dividend Aristocrats ETF (NOBL), was named “ETF Product of the Year” at the 2014 William F Sharpe Indexing Achievement Awards.
