First Trust STOXX European Select Dividend Index Fund (1FUF)
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Is First Trust STOXX European Select Dividend ETF (FDD) a Strong ETF Right Now?
Designed to provide broad exposure to the European Equity ETFs category of the market, the First Trust STOXX European Select Dividend ETF (FDD) is a smart beta exchange traded fund launched on 08/27/2007.
Is First Trust STOXX European Select Dividend ETF (FDD) a Strong ETF Right Now?
Launched on 08/27/2007, the First Trust STOXX European Select Dividend ETF (FDD) is a smart beta exchange traded fund offering broad exposure to the European Equity ETFs category of the market.
FDD: An Ambivalent Perspective On The High Yielders Of Europe
FDD targets 30 high-yielding European stocks, with supplementary screeners that call for a reasonable dividend payout ratio of 60%, and positive dividend growth over 5 years. Compared to other pockets in the world, FDD's dividend picture stands out, but relative to its own historical standards, it comes across as poor. FDD's financials-heavy portfolio could potentially prompt higher payouts going forward.
First Trust STOXX European Select Dividend Index Fund (1FUF) FAQ
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Has First Trust STOXX European Select Dividend Index Fund ever had a stock split?
First Trust STOXX European Select Dividend Index Fund Profile
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Overview
The fund described is a financial instrument that primarily focuses on investing in high dividend-yielding securities within Europe. It is designed to replicate the performance of a selected index, which comprises 30 notable securities extracted from the broader STOXX Europe 600 Index. These securities are distinguished not only by their high dividend yields but also by their robust financial health, evidenced by a non-negative dividend-per-share growth rate over the past five years and a conservative dividend-to-earnings ratio of 60% or less. This careful selection criterion ensures that the fund invests in financially stable companies capable of sustaining and possibly increasing their dividend payouts, making it an attractive option for income-focused investors.
Products and Services
- Common Stocks and Depositary Receipts Investment
- High Dividend-Yielding Securities Selection
At its core, the fund engages in the purchase of common stocks and depositary receipts, focusing on those that are part of the index it aims to emulate. These include shares and receipts of companies with high dividend yields, selected for their financial stability and potential for steady income generation.
This service revolves around the meticulous selection of 30 high-dividend yielding securities from the STOXX Europe 600 Index. To qualify, a security must not only offer an attractive dividend yield but also demonstrate a non-negative dividend-per-share growth rate over a five-year period, alongside maintaining a dividend-to-earnings ratio of 60% or less. This ensures that only companies with sustainable dividend policies and sound financial health are included in the fund's portfolio.
