PowerShares to Debut Dividend-Oriented ETFs

PowerShares Capital Management LLC, which offers exchange-traded funds (ETFs) that seek to beat the performance of indexes rather than simply track them, plans to introduce three dividend-oriented funds next week.

The new Dividend Achievers Portfolio and the High Growth Rate Dividend Achievers Portfolio invest in U.S. companies with histories of increasing dividends over a 10-year period. Specifically, Dividend Achievers buys companies that have increased their annual dividends for a minimum of 10 consecutive years, while High Growth Rate Dividend Achievers invests in stocks with the fastest dividend growth rate over the last 10 years.