Russell 2000 Dividend Growers ETF - SMDV Russell 2000 Dividend Growers ETF

ProShares Russell 2000 Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the Russell 2000® Dividend Growth Index.

  • The only ETF that focuses exclusively on companies in the Russell 2000 Index that have grown dividends for at least 10 consecutive years.††
  • Historically, companies that grew their dividends outperformed those that didn't.
  • SMDV is part of the largest suite of ETFs focused on dividend growers, covering U.S. and international markets.
  • Learn more about the Russell 2000's strongest dividend growers.
  • Read Kiplinger's feature on why dividend growers have performed so well and why investing in dividend paying stocks may be a "terrific strategy."
  • SMDV is a category killer—and so is REGL. Get their Morningstar rankings.

Index/Benchmark Summary

The index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 stocks, which are equally weighted. No single sector is allowed to comprise more than 30% of the index's weight. If there are fewer than 40 stocks with at least 10 consecutive years of dividend growth, the index will include companies with shorter dividend growth histories. The index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.

Fundamentals as of 3/29/19

Total Number of Companies 60
Price/Earnings Ratio 20.92
Price/Book Ratio 2.24
Dividend Yield (%) 2.53
Average Index Market Capitalization $2.27 billion

Index Holdings Information as of 3/29/19

Top 10 Index Companies Weight
Atrion Corp. 1.89%
South Jersey Industries Inc. 1.85%
Lindsay Corp. 1.78%
Spire Inc. 1.77%
Sensient Technologies Corp. 1.76%
Tootsie Roll Industries Inc. 1.76%
California Water Service Group 1.76%
Black Hills Corp. 1.75%
Compass Minerals International Inc. 1.75%
Portland General Electric Co. 1.75%

Index Holdings as of 3/29/19

Index Sector Weightings § Weight
Utilities 26.00%
Industrials 18.15%
Financials 15.86%
Consumer Staples 11.53%
Materials 8.35%
Real Estate 6.85%
Health Care 5.23%
Consumer Discretionary 3.31%
Information Technology 3.12%
Communication Services 1.60%
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§ Sum of weightings may not equal 100% due to rounding.

†† If fewer than 40 stocks meet the criteria, the index may include companies with shorter dividend growth histories.

Source: Ned Davis Research analysis of companies underlying the Russell 3000 Index, a measure of the broad U.S. equities market. Data is from February 2, 1987 through December 31, 2017.