ProShares - Russell U.S. Dividend Growers ETF
TMDV
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Nov 7, 2019
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Russell US Dividend Growers ETF (TMDV) is an exchange-traded fund that seeks to provide investment results that correspond, before fees and expenses, to the performance of the Russell US Dividend Growers Index. The fund offers investors exposure to US companies exhibiting a consistent history of dividend growth; specifically, it tracks an index comprising common stocks of US companies that have increased dividend payments for at least 10 consecutive years, excluding the highest-yielding 30% of such dividend growers to emphasize quality and sustainability. ProShares, the sponsor and manager headquartered in Bethesda, Maryland and founded in 2006 as part of ProShare Advisors LLC, provides a range of leveraged, inverse, and non-leveraged ETFs across asset classes including equities, fixed income, commodities, and currencies; TMDV falls within its non-leveraged equity segment targeting income-oriented strategies. The ETF primarily invests in large- and mid-cap US equities from diverse sectors such as industrials, consumer staples, utilities, healthcare, and financials; it employs full replication or representative sampling techniques to mirror the index, with holdings rebalanced semi-annually and reconstituted annually by FTSE Russell. Geographically, operations focus on US-listed securities traded on major exchanges like NYSE and NASDAQ, serving retail and institutional investors seeking dividend growth without excessive yield risk. In recent developments, ProShares announced enhancements to its dividend-focused ETF suite in late 2024, including expanded index methodologies amid rising demand for quality income strategies; the firm also integrated ESG screening options across select funds and pursued strategic partnerships with index providers to refine dividend grower selection criteria as of mid-2025. No major acquisitions, funding rounds, or name changes have occurred for TMDV specifically within the last two years, though ProShares continues to innovate with low-cost structures and tax-efficient share classes.