ProShares S&P Technology Dividend Aristocrats ETF (BATS: TDV)

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV), Quote.Headers.trade-ideas

Technology

Industrials

Financial Services

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index, constructed and maintained by S&P Dow Jones Indices LLC, targets companies from the U.S. technology sector and select U.S. technology-related companies from the communication services, financials and industrials sectors. To be included in the Index, a company must have increased dividend payments each year for at least 7 years, its shares must be listed on a U.S. national securities exchange, and it must meet certain minimum liquidity requirements.

Cass Information Systems Inc

Ss&C Technologies Holdings Inc.

Csg Systems International Inc

Broadridge Financial Solutions, Inc.

International Business Machines Corp.

Cisco Systems, Inc.

Mastercard Inc

Badger Meter, Inc.

Kla Corp.

Jack Henry & Associates Inc.

ProShares S&P Technology Dividend Aristocrats ETF

CSGS Logo

Analyst Color

Equities

News

Price Target

Initiation

Small Cap

Analyst Ratings

Trading Ideas

CSGS

SMIG

Analyst bullish on CSG Systems&#39; plan to grow to $1.5B by CY/25E, with potential for 2-6% organic growth and M&amp;As driving EPS. 

Can CSG Systems Become A Billion Dollar Beacon In A Crowded Tech Market? Analyst Says Yes

Long Ideas

Broad U.S. Equity ETFs

Dividends

ETFs

AAPL

CSCO

INTC

MSFT

Tech Is an Income Destination. Here&#39;s How To Play That Theme

New ETFs

These New Dividend ETFs Have Some Strict Requirements And That&#39;s A Good Thing

T. Rowe Price Dividend Growth ETF

FT Vest Technology Dividend Target Income ETF

Dynavox Group AB

RBC Capital Markets&nbsp;analyst Dan Bergstrom initiated coverage on&nbsp;CSG Systems International, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGS#NASDAQ">CSGS</a>) with an Outperform rating&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/CSGS/analyst-ratings" rel="noreferrer noopener">and price target of $61</a>.
The analyst is bullish on the company&#8217;s goal to accelerate growth and scale by growing the business to more than $1.5 billion by CY/25E.
The analyst says the company can consistently grow organically in the 2%-6% range and strategic M&amp;As, leading to margin expansion and driving EPS growth faster than revenue.&nbsp;
The analyst also sees revenue management and digital monetization as a recurring, profitable book of business.
Bergstrom writes that CSG is emerging as a partner of choice for brands in higher growth verticals to digitize and monetize customer experiences and payment processes.&nbsp;
The analyst says that CSG should be in a better position upon contract renewals with major players and its wireless business.
The analyst estimates EPS of $3.91 in 2024 and $4.16 in 2025.
Investors can gain exposure to the stock via&nbsp;ProShares S&amp;P Technology Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/TDV#BATS">TDV</a>) and&nbsp;ETF Series Solutions AAM Bahl &amp; Gaynor Small/Mid Cap Income Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMIG#NYSE">SMIG</a>).&nbsp;
Price Action: CSGS shares are up 0.10% at $50.35 on the last check Wednesday.

In bygone investing eras, the technology sector wasn&#39;t exactly the premier destination for dividend investors. While the dividend yield of 1.10% on the S&amp;P 500 Technology Index is by no means high, the sector is becoming a reliable source of payout growth.
<h3>What Happened</h3>
There are some exchange traded funds explicitly dedicated to the theme of tech dividend growth with the ProShares S&amp;P Technology Dividend Aristocrats ETF (CBOE:TDV) being the newest member of that fray.
TDV, which debuted last November, follows the S&amp;P Technology Dividend Aristocrats Index, the tech offshoot of the popular S&amp;P 500 Dividend Aristocrats Index. The requirement for entry into TDV&#39;s benchmark is a payout increase streak <a href="https://www.proshares.com/funds/tdv.html">of at least seven years</a>.
<h3>Why It&#39;s Important</h3>
Data confirm that tech is an increasingly credible dividend destination.
&ldquo;Over the past 10 years, within the Tech sector of the <a href="https://us.spindices.com/indices/equity/sp-500" target="_blank">S&amp;P 500&reg;,</a> 26 companies initiated dividend payments and 59 companies increased their dividends at various points throughout those years, for a total of 376 dividend increases in the sector,&rdquo; <a href="https://www.indexologyblog.com/2020/02/05/the-case-for-information-technology-dividend-growers/">said S&amp;P Dow Jones Indices in a recent note.</a>
TDV&#39;s seven-year increase streak requirement applied to a sector where dividends are a recent phenomenon give the fund a focused lineup of 34 stocks, which are equally weighted. At the end of last year, 28 of the fund&#39;s components had payout hike streaks exceeding the seven-year mandate and 16 had increase strings of least a decade.
TDV is home to four Dow components: International Business Machines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>), Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Visa (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) and Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>). Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Intel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), among others, are in position to join TDV sooner than later.
<h3>What&#39;s Next</h3>
History doesn&#39;t always repeat, but it often rhymes. To that end, long-term data indicate there are other benefits to owning tech dividend payers beyond the obvious.
&ldquo;The S&amp;P Technology Dividend Aristocrats Index provided similar risk-adjusted returns to the companies from the S&amp;P TMI that are classified in the Tech sector over three- and five-year horizons, with lower volatility and higher dividend yield,&rdquo; according to S&amp;P Dow Jones Indices. &ldquo;The risk/return profile also compared favorably to the widely followed <a href="https://spindices.com/indices/strategy/sp-500-dividend-aristocrats" target="_blank">S&amp;P 500 Dividend Aristocrats Index</a>.&quot;
With TDV, investors may be able to get that alluring combination of comparable performance and low volatility.
&ldquo;The performance of the index has shown that it has a similar risk/return profile to the broader sector, with lower volatility and higher dividend yield. Ultimately, the index enables dividend-focused market participants to gain exposure to the Tech sector while maintaining growth and value characteristics,&rdquo; according to S&amp;P Dow Jones.
Related Links
<a href="https://www.benzinga.com/trading-ideas/long-ideas/20/02/15276813/3-etfs-for-avoiding-energy-stocks">Ditch Energy With These ETFs</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/20/02/15276831/3-popular-etfs-with-no-tesla-exposure">These Big ETFs Aren&#39;t Big on Tesla</a>

Tech

Tech Is An Income Destination. Here's How To Play That Theme

Plenty of dividend exchange traded funds feature payout increase streak requirements as parts of their weighting methodologies. Some require just a few years of steadily increased dividends. Others require increase streaks of at least a decade.
<h3>What Happened</h3>
The ProShares S&amp;P 500 Dividend Aristocrats ETF (CBOE: NOBL), one of the fastest growing dividend funds, requires 25 years of consecutive dividend boosts, but ProShares is outdoing that with the newly minted ProShares Russell U.S. Dividend Growers ETF (CBOE: TMDV).
TMDV, which debuted Thursday, follows the Russell 3000 Dividend Elite Index. Indeed, that benchmark is an exclusive club because the requirement for admission is at least 35 years of consecutive dividend increases. Translation: no established ETF has a dividend increase mandate anywhere close to that of the new TMDV.
The index aims to hold a minimum of 40 stocks and <a href="https://www.proshares.com/media/fact_sheet/ProSharesFactSheetTMDV.pdf?param=1573176303072">currently is home to 68</a>. It&#39;s equally weighted and caps sector weights at 30%. Consumer staples, industrial and financial services stocks combine for over 53% of TMDV&#39;s weight.
<h3>Why It&#39;s Important</h3>
ProShares didn&#39;t stop with TMDV. The ProShares S&amp;P Technology Dividend Aristocrats ETF (CBOE: TDV) also debuted Thursday. TDV isn&#39;t the first ETF dedicated to the concept of technology sector dividends, but unlike its established rival, the new ProShares has a minimum dividend increase streak requirement.
TDV follows the S&amp;P Technology Dividend Aristocrats, an index that requires member firms to have minimum dividend increase streaks of at least seven years. That can lead to some exclusivity as well as the index <a href="https://www.proshares.com/media/fact_sheet/ProSharesFactSheetTDV.pdf?param=1573176489307">currently has just 34 members</a>.
The new ETF does include familiar tech dividend payers such as Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>), MasterCard (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ma#NYSE">MA</a>) and Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). Over the past decade, technology has been one of the biggest contributors to S&amp;P 500 dividend growth.
<h3>What&#39;s Next</h3>
&ldquo;Consistent dividend growth may be one of the best indicators of a company&rsquo;s health,&rdquo; said Michael Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares, <a href="https://www.proshares.com/news/proshares_expands_lineup_of_dividend_growth_etfs.html">in a statement</a>. &ldquo;We are committed to offering this powerful strategy across a broad array of market caps, geographies and sectors.&rdquo;
TDV charges 0.45% per year, or $45 on a $10,000 investment, while TMDV&#39;s annual fee is 0.35%.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/11/14751990/getting-paid-to-travel-the-better-road-to-international-stocks">Paychecks For Traveling Internationally</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/11/14752061/happy-customers-happy-investors-customer-satisfaction-etf-hits-all-time-high">Customers And Investors Win In One ETF</a>

These New Dividend ETFs Have Some Strict Requirements And That's A Good Thing

Sponsors of ETPs  have been very busy lately making changes to their existing line-ups.  Deutsche Bank renamed the five TDX target date ETFs last Friday (6/17/11), WisdomTree made various name, ticker, and index changes to seven of its ETFs yesterday (6/20/11), and two VelocityShares ETNs will undergo share splits next Monday (6/27/11).
Deutsche Bank made its <a href="http://investwithanedge.com/deutsche-bank-tries-flying-solo-in-us-etf-market" target="_blank">debut as a solo ETF provider earlier this month</a>, and effective 6/17/11 it rebranded the xShares/TD Ameritrade target date funds <a href="http://www.dbfunds.db.com/Pdfs/ProjectExpress_TDX Supplement _Final.pdf" target="_blank">acquired in June 2010</a>.  The funds will also get new CUSIPs, but the ticker symbols will not change (<a href="http://www.dbxstrategicadvisors.db.com/data/Unsorted/TDX%20Independence%20Funds%20-%20Prospectus%20w%20Supp.pdf" target="_blank">revised prospectus</a>):
<ul>
<li>TDX Independence 2010 ETF becomes db-X 2010 Target Date Fund (<a class="ticker" href="/stock/tdd#">TDD</a>)</li>
<li>TDX Independence 2020 ETF becomes db-X 2020 Target Date Fund (<a class="ticker" href="/stock/tdh#">TDH</a>)</li>
<li>TDX Independence 2030 ETF becomes db-X 2030 Target Date Fund (<a class="ticker" href="/stock/tdn#">TDN</a>)</li>
<li>TDX Independence 2040 ETF becomes db-X 2040 Target Date Fund (<a class="ticker" href="/stock/tdv#">TDV</a>)</li>
<li>TDX Independence In-Target ETF becomes db-X In-Target Date Fund (<a class="ticker" href="/stock/tdx#">TDX</a>)</li>
</ul>
The Deutsche Bank website strategy for its U.S. ETPs is currently a mess with products scattered across three websites and no cross-links between them:
<ul>
<li><a href="http://www.dbxstrategicadvisors.db.com/" target="_blank">http://www.dbxstrategicadvisors.db.com/</a> for these target date ETFs</li>
<li><a href="http://www.dbxetf.com/" target="_blank">http://www.dbxetf.com/</a> for the currency-hedged ETFs</li>
<li><a href="http://www.dbfunds.db.com/" target="_blank">http://www.dbfunds.db.com/</a> for the PowerShares branded ETFs and ETNs</li>
</ul>
WisdomTree's <a href="http://www.wisdomtree.com/fundupdates.asp?elq=fd1f52130312456cba0c7000545407be" target="_blank">previously announced changes</a> to seven of its equity ETFs became effective yesterday (6/20/11).  Six ETFs now have new names and underlying indexes, and four of them got new ticker symbols.  One fund received a name change only.  The changes are summarized below:
<ul>
<li>WisdomTree International Real Estate Fund (<a class="ticker" href="/stock/drw#">DRW</a>) becomes WisdomTree Global ex-U.S. Real Estate Fund (<a class="ticker" href="/stock/drw#">DRW</a>) and has broader global real estate exposure with the addition of emerging markets.</li>
<li>WisdomTree International Utilities Sector Fund (<a class="ticker" href="/stock/dbu#">DBU</a>) becomes WisdomTree Global ex-U.S. Utility Fund (<a class="ticker" href="/stock/dbu#">DBU</a>) and has broader global utilities exposure with the addition of emerging markets.</li>
<li>WisdomTree International Basic Materials Sector Fund (<a class="ticker" href="/stock/dbn#">DBN</a>) becomes WisdomTree Commodity Country Equity Fund (CCXE) and is a more diversified commodity-focused equity strategy that also adds emerging markets.</li>
<li>WisdomTree International Energy Sector Fund (<a class="ticker" href="/stock/dka#">DKA</a>) becomes WisdomTree Global Natural Resources Fund (GNAT) and is a more diversified energy/natural resources-focused equity strategy that also adds emerging markets.</li>
<li>WisdomTree Pacific ex-Japan Total Dividend Fund (<a class="ticker" href="/stock/dnd#">DND</a>) becomes WisdomTree Asia Pacific ex-Japan Fund (AXJL) with an expanded portfolio becoming a broader Asia-Pacific regional strategy while adding emerging markets.</li>
<li>WisdomTree Pacific ex-Japan Equity Income Fund (<a class="ticker" href="/stock/dnh#">DNH</a>) becomes WisdomTree Australia Dividend Fund (AUSE) and changes from a majority Australia weighted portfolio to a pure Australia dividend strategy.</li>
<li>WisdomTree World ex-U.S. Growth Fund (<a class="ticker" href="/stock/dnl#">DNL</a>) becomes WisdomTree Global ex-U.S. Growth Fund (<a class="ticker" href="/stock/dnl#">DNL</a>) which is a name change only.</li>
</ul>
VelocityShares, <a href="http://investwithanedge.com/newcomer-velocityshares-introduces-suite-of-volatility-etns" target="_blank">a relative newcomer to the ETP space</a>, announced share splits for its two inverse volatility ETNs whose share prices have gained significantly since launch:
<ul>
<li>VelocityShares Daily Inverse VIX Short Term ETN (<a class="ticker" href="/stock/xiv#">XIV</a>) will undergo a 10-for-1 split effective 6/27/11, which should reduce its trading price from around $160 to about $16.</li>
<li>VelocityShares Daily Inverse VIX Medium Term ETN (ZIV) will undergo an 8-for-1 split effective 6/27/11, which should reduce its trading price from around $130 to about $16.</li>
</ul>
Disclosure covering writer, editor, and publisher:  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
<img src="http://investwithanedge.com/?ak_action=api_record_view&amp;id=13699&amp;type=feed" alt="" />

WisdomTree Trust International Basic Materials Sector Fund

WisdomTree Trust International Utilities Sector Fund

WisdomTree Trust International Energy Sector Fund

WisdomTree Trust Pacific ex-Japan Total Dividend

WisdomTree Trust International Real Estate Sector Fund

Tdax Independence In-Target Exchange-Traded Fund

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

ProShares S&P Technology Dividend Aristocrats ETF

Overview

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV), Quote.Headers.trade-ideas