Barron's | November 04, 2019
Barron’s contributor Lawrence C. Strauss states that ProShares is “putting its chips” in dividend growth by launching two new ETFs—ProShares S&P Technology Dividend Aristocrats ETF (TDV) and ProShares Russell U.S. Dividend Growers ETF (TMDV). He quotes Simeon Hyman, who states that dividend growth companies offer qualities “such as better margins and earnings consistency” and investors “can apply dividend growth in areas where people haven’t historically thought about high-growth companies.” TDV focuses on technology companies that have raised their dividends for seven consecutive years, while TMDV is a total market, all-cap fund that targets companies in the Russell 3000 Index that have raised their dividends for a minimum of 35 consecutive years. The new funds join six other ProShares ETFs, including NOBL, REGL and SMDV, to make up the dividend growth suite of products. See TDV holdings and index information. See TMDV holdings and index information.
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