New Global Dividends ETF

Barclays Global Investors has launched a new ETF based on the Dow Jones EPAC Select Dividend Index of 100 non-U.S. companies that pay high dividends. The companies that are selected for the index are from developed markets and must have a “positive, three-year dividend-per-share growth rate; a dividend payout ratio of less than or equal to 1.5 times the five-year average payout ratio of the Dow Jones country index to which it belongs; and a three-month average daily dollar trading volume of at least $3 million,” according to the announcement from Dow Jones Indexes.