First Trust SMID Cap Rising Dividend Achievers ETF (SDVY): Price and Financial Metrics ETF

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) ETF Bio

The investment objective of the First Trust SMID Cap Rising Dividend Achievers ETF seeks to track an index of 100 small- and mid-cap equities that have a history of growing dividends with expectations for them to continue doing so in the future. Component companies must have market capitalizations of at least $500 million and meet liquidity requirements. They must also have grown their 12-month trailing dividend over a three- and five-year period. Earnings per share must have grown over a three-year period, while the cash-to-debt ratio must be more than 25%. Finally, a company’s stock must have a trailing 12-month payout ratio of 65% or less.