Unlocking the Potential of NOBL: A Dive into Dividend ETFs
NOBL - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| NOBL | ETF | Equity Dividend ETF | High Dividend Yield | Quarterly | US Domestic |
0.33% | Capital Group |
NOBL Overview - ProShares S&P 500 Dividend Aristocrats ETF
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an ETF designed to track the performance of the S&P 500 Dividend Aristocrats Index, which consists of S&P 500 companies with a history of consistently increasing dividends for at least 25 consecutive years. NOBL aims to provide investors with exposure to high-quality dividend-paying stocks that have a track record of sustained dividend growth.
NOBL's strategy involves investing in companies that have demonstrated a commitment to returning capital to shareholders through dividends. By focusing on companies with a history of dividend growth, NOBL seeks to provide investors with income stability and potential for capital appreciation.
Investors interested in NOBL can track its performance and dividend history through various financial platforms such as Morningstar and TipRanks. While past performance is not indicative of future results, NOBL's approach may appeal to investors seeking exposure to dividend aristocrats within the S&P 500 for potential long-term income generation and growth.
NOBL - Price / Yield
NOBL - Portfolio and Asset Allocation
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is a dividend-focused fund that invests in large-cap companies across various sectors. Its portfolio consists of a mix of companies representing different industries, including technology (e.g., Broadcom Inc., Microsoft Corp.), industrials (e.g., General Electric Co., RTX Corp., Carrier Global Corp.), healthcare (e.g., Abbott Laboratories), and consumer staples (e.g., Philip Morris International Inc., British American Tobacco PLC).
NOBL's asset allocation emphasizes diversification across sectors to balance income generation and growth potential while managing risk. The largest allocations include industrials (22.9%), information technology (19.3%), health care (14.3%), and financials (8.8%), reflecting the fund managers' strategy to provide exposure to various sectors.
The presence of established dividend-paying companies like Broadcom Inc., Microsoft Corp., and Philip Morris International Inc. among NOBL's top holdings underscores its focus on stable investments with consistent dividend payouts.
While NOBL also has exposure to sectors such as communication services (4.8%) and energy (3.7%), the fund managers maintain a cautious approach to mitigate potential volatility and sensitivity to market conditions.
Top 10 Holdings
As of April 12, 2024, the top 10 holdings of the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) are:
| Name | Weight |
|---|---|
| Caterpillar | 1.78% |
| Target Corp | 1.73% |
| Exxon Mobil Corp. | 1.72% |
| Archer-Daniels-Midland Company | 1.70% |
| Emerson Electric | 1.68% |
| 3M Company | 1.68% |
| Dover Corporation | 1.65% |
| Hormel Foods Corp | 1.64% |
| Genuine Parts | 1.64% |
| NextEra Energy Inc. | 1.62% |
Asset Allocation
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has the following asset allocation as of April 12, 2024:
| Sector | Weight |
|---|---|
| Industrials | 26.35% |
| Consumer Defensive | 21.11% |
| Basic Materials | 10.40% |
| Healthcare | 10.08% |
| Financial | 10.05% |
| Consumer Cyclical | 5.73% |
| Utilities | 4.49% |
| Technology | 4.30% |
| Real Estate | 4.18% |
| Energy | 3.31% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
NOBL Dividend Data |
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) pays quarterly dividends. The most recent ex-dividend date was on March 20, 2024, with a dividend payment of $2.03 per share on March 20, 2024. |
NOBL Dividend Yield |
As of March 20, 2024, the 30-day SEC yield for NOBL is 2.10%. This means that for every $100 invested in the fund, investors would receive approximately $2.10 in dividends per year, assuming the yield remains constant. |
NOBL Dividend History |
NOBL has a history of paying quarterly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund. |
NOBL Dividend Growth |
NOBL's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed. |
NOBL Dividend Stability |
NOBL aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of larger U.S. companies. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
NOBL - Chart
NOBL - Comparative Analysis
Let's compare NOBL with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of Mar 2024)
| CGDV | VYM | HDV | |
|---|---|---|---|
| Investment Focus | High-quality, dividend-paying stocks of larger U.S. companies | High-yielding, large-cap U.S. stocks | High-dividend-yielding, large-cap U.S. stocks |
| Current Yield | 1.54% | 3.02% | 3.35% |
| Expense Ratio | 0.33% | 0.06% | 0.08% |
| Investment Strategy | Actively managed, focuses on attractively valued companies with consistent dividend growth potential | Passively tracks the FTSE High Dividend Yield Index | Passively tracks the Morningstar Dividend Yield Focus Index |
| Strengths | Potential for higher returns through active management, emphasis on dividend consistency and growth | Low expense ratio, broad exposure to high-yield U.S. stocks | Stable earnings, solid fundamentals, and strong histories of profit and growth |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Mar 19, 2024 | $0.39 | Mar 20, 2024 | Mar 26, 2024 |
| Dec 19, 2023 | $0.66 | Dec 20, 2023 | Dec 27, 2023 |
| Sep 20, 2023 | $0.52 | Sep 21, 2023 | Sep 27, 2023 |
| Jun 21, 2023 | $0.46 | Jun 22, 2023 | Jun 28, 2023 |
| Mar 21, 2023 | $0.35 | Mar 22, 2023 | Mar 29, 2023 |
News
Technical Analysis
Additional Information and Risks
Investing in NOBL and similar ETFs involves various considerations and risks. NOBL, ProShares S&P 500 Dividend Aristocrats ETF, tracks the performance of the S&P 500 Dividend Aristocrats Index, comprising companies with at least 25 consecutive years of increased dividend payments. While this strategy targets companies with stable dividend histories, it does not guarantee future performance. NOBL's portfolio includes top 10 holdings and index weights that may affect its performance.
NOBL's expense ratio, fund flow, and performance metrics are crucial factors to monitor. It seeks investment results that correspond to the index's performance, but volatility and market trends can impact returns. NOBL's affiliate, ProShares LLC, manages its operations, and investors should review its disclosures and regulatory filings with the US SEC.
ESG considerations are increasingly important, and NOBL's selection criteria do not explicitly prioritize environmental, social, and governance (ESG) factors. Investors interested in ESG-focused ETFs may need to explore other options.
Furthermore, past performance does not guarantee future results, and ETF investing carries risks, including market fluctuations and liquidity concerns. Investors should consult a tax professional for tax advice and consider their suitability for ETF investments. NOBL's materials and information provided are for informational purposes only and should not be considered as a promotion or recommendation.