State Street SPDR S&P Global Dividend ETF (WDIV)
State Street SPDR S&P Global Dividend ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $84.11, up 0.21% on the session, giving a market capitalisation of $264.4M. Its beta of 0.72 implies it has historically moved less than the broad market.
The State Street SPDR S&P Global Dividend ETF strives to deliver investment results that broadly mirror the total return of the S&P Global Dividend Aristocrats Index, prior to accounting for fees and operating expenses. It offers investors access to international firms renowned for their substantial dividend payouts, specifically those committed to a managed-dividends policy of either raising or sustaining their distributions for at least a decade. The underlying Index meticulously chooses the top 100 eligible stocks based on their indicated dividend yield, while also imposing diversification limits: a maximum of 20 stocks per country and 35 stocks per GICS sector are permitted. To prevent overconcentration, no single index component is allowed to exceed a 3% weighting, and the allocation to any individual country or GICS sector is capped at 25% of the Index's total value.
State Street SPDR S&P Global Dividend ETF is most often compared with the following Financial Services names: