Global X Funds Expands Suite of Dividend ETFs with Quality Dividend Offering

Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced the listing of the Global X S&P 500® Quality Dividend ETF (CBOE: QDIV). QDIV tracks the S&P 500 Quality High Dividend Index. The index portfolio consists of no fewer than 50 stocks from the S&P 500®, selecting companies that are within the top 200 of the index universe both by a quality score and by indicated annual dividend yield. Each company's quality score is derived from its return-on-equity, accruals ratio, and financial leverage ratio.