Amplify Launches Forward-Looking S&P 500 Dividend Growth ETF

Amplify ETFs has launched the Amplify S&P 500 Dividend Drivers ETF (DRVR), which tracks the S&P 500 Dividend Drivers Index. Unlike traditional dividend ETFs, DRVR combines a minimum 10-year history of annual dividend increases with forecasts for future dividend growth from S&P Global Market Intelligence. The index selects 50 S&P 500 companies based on five-year dividend growth, forecasted dividend yield, and return on invested capital (ROIC), with holdings weighted by projected dividend yield and subject to 4.5% single-stock and 30% sector caps. The ETF distributes income monthly and carries a 0.39% expense ratio.