State Street SPDR S&P Dividend ETF (SDY)
State Street SPDR S&P Dividend ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $148.59, up 0.44% on the session, giving a market capitalisation of $20.51B. Its beta of 0.58 implies it has historically moved less than the broad market.
This fund aims to replicate, before its operational costs, the overall investment performance of the S&P High Yield Dividend AristocratsTM Index. The index specifically targets corporations that have demonstrated an unbroken track record of dividend increases over two decades or more, subsequently assigning weight to these holdings based on their current dividend yield. This stringent requirement for a prolonged history of rising dividends ensures that the index constituents offer a blend of potential capital appreciation and reliable income, rather than being purely high-yielding investments.
State Street SPDR S&P Dividend ETF is most often compared with the following Financial Services names: