
See exactly how TMDV's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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This ETF tracks an index, developed and overseen by FTSE International Limited, that identifies companies from the Russell 3000 Index. These companies are selected for having consistently increased their dividend payments annually for a minimum of 35 years, alongside meeting specific liquidity benchmarks. Typically, the fund allocates at least 80% of its total assets to the securities that compose this index.

Despite continued concentration in mega-cap technology stocks, US dividend-focused strategies have generally remained competitive and historically experienced more shallow drawdowns than broader equity markets. Last year, US companies paid a record US$704.8 billion in dividends - the 15th consecutive annual record. Concurrently, dividend growth accelerated across several international markets, highlighting the continued strength of shareholder-return trends.

While the stock market has been hovering around a record level, there are valid reasons to approach the current situation with caution.

NOBL and TMDV feature companies that have increased regular dividends for 25 and 35 consecutive years, respectively. Fees are identical, and each ETF holds 64 securities. In addition to the dividend consistency requirement, the primary difference is that NOBL only holds large-cap S&P 500 companies, while TMDV selects from all size segments.