NOBL ETF: Are The Dividend Achievers Of The S&P 500 Worth Pursuing?

The Alpha Sieve
4.46K Followers

Summary

  • NOBL requires stocks to have grown their DPS for at least 25 straight years, but the current group of stocks has grown their dividends for a much longer period of 43 years.
  • We are not convinced that sustained dividend growth alone is a sufficient gauge of quality.
  • We explore how the dividend achievers have fared from a risk and return angle relative to the broader markets.
  • The mixed technical and valuation sub-plots support a HOLD rating on NOBL.

A US Dollar symbol made of wood with leaves growing from it.

Richard Drury

ETF Profile

The ProShares S&P 500 Dividend Aristocrats ETF (BATS:NOBL) is a $11.5bn sized product that offers coverage of 68 dividend aristocrats of the S&P 500 (NOBL attempts to maintain a minimum portfolio of at least 40 stocks). To qualify

This article was written by

4.46K Followers
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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