The best ETFs for European Dividend Stocks

How do I invest in European dividend stocks?

An investment in high-dividend-yielding stocks is a solid investment. Dividends are usually paid by profitable and established companies. For investors seeking regular income in times of low interest rates, dividend stocks can provide attractive yields.

There are several indices available to invest with ETFs in European high-dividend equities. This Investment Guide for European dividend stocks will help you to differentiate between the most important indices and to select the best ETFs tracking indices on European dividend stocks.

0.23% p.a. - 0.58% p.a.
annual total expense ratio (TER) of European dividend ETFs
on European dividend stocks, which are tracked by ETFs
on European dividend stocks
 
The best indices for European dividend ETFs

The best European dividend ETF by 1-year fund return as of 29.02.24

All European dividend ETFs ranked by fund return

 

The largest European dividend ETF by fund size in EUR

All European dividend ETFs ranked by fund size

 

The cheapest European dividend ETF by total expense ratio

All European dividend ETFs ranked by total expense ratio

 
 

Indices on European Dividend Stocks compared

Methodologies of the compared indices

EURO STOXX® Select Dividend 30 STOXX® Europe Select Dividend 30 S&P Euro High Yield Dividend Aristocrats
Number of ETFs 4 ETFs 2 ETFs 1 ETF
Number of constituents 30 30 40 (31.08.23)
Investment universe EURO STOXX® index: appr. 300 Eurozone stocks STOXX® Europe 600 index: 600 European stocks S&P Europe Broad Market Index (BMI): 1,816 (28/02/22) European stocks, only Eurozone companies are included
Index rebalancing Annually Annually Quarterly
Selection criteria Dividend quality, non-negative payout ratio, indicated dividend yield Dividend quality, non-negative payout ratio, indicated dividend yield Controlled dividend policy with rising or stable dividends for at least 10 consecutive years
Index weighting Dividend yield Dividend yield Dividend yield
 
MSCI EMU High Dividend Yield MSCI Europe High Dividend Yield
Number of ETFs 1 ETF 1 ETF
Number of constituents 41 (29.02.24) 73 (29.02.24)
Investment universe MSCI EMU index: 227 (29.02.24) Eurozone stocks (without REITs) MSCI Europe index: 424 (29.02.24) European stocks (without REITs)
Index rebalancing Semi-annually Semi-annually
Selection criteria Quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years Quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
Index weighting Market cap (free float) Market cap (free float)

Source: justETF Research; as of 28/02/22

 

EURO STOXX® Select Dividend 30 index

The EURO STOXX® Select Dividend 30 index consists of a selection of 30 companies from the Eurozone that meet criteria for high dividend quality. The parent index is the EURO STOXX® index. Securities are selected based on their indicated dividend yield and their historical dividend policy. The selected stocks are weighted by their indicated dividend yield.

 

Methodology of the EURO STOXX® Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from Eurozone countries
  • Investment universe: EURO STOXX® index, which includes appr. 300 companies
  • Stock selection is based on the indicated dividend yield. In addition, companies must meet certain requirements with respect to dividend quality and payout ratio
  • Selection criteria: positive dividend growth over five years, dividend payments in four of the last five years, non-negative payout ratio (max. 60%)
  • Index rebalancing takes place annually in March
  • Index weighted by indicated dividend yield
 

MSCI EMU High Dividend Yield index

The MSCI EMU High Dividend Yield index focuses on the highest dividend stocks in the Eurozone. This dividend index includes 41 companies (as of 29.02.24) which are selected according to quality factors and dividend strength. The criteria include a dividend yield of at least 30 percent above the average of the underlying index (MSCI EMU index) and a non-negative dividend growth rate over the last 5 years. The selected stocks are weighted by their free float market capitalization.

 

Methodology of the MSCI EMU High Dividend Yield Factsheet Methodology

  • 41 dividend stocks from Eurozone countries (as of 29.02.24)
  • Investment universe: MSCI EMU index, which includes 227 shares (as of 29.02.24), excluding REITs
  • Stock selection is based on the indicated dividend yield
  • Selection criteria: quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
  • Index rebalancing takes place semi-annually in May and November
  • Index weighted by free float market capitalization
  • Maximum weight per individual stock is 5%
 

MSCI Europe High Dividend Yield index

The MSCI Europe High Dividend Yield index focuses on the highest dividend stocks from Europe. This dividend index includes 73 companies (as of 29.02.24) which are selected according to quality factors and dividend strength. The criteria include a dividend yield of at least 30 percent above the average of the underlying index (MSCI Europe index) and a non-negative dividend growth rate over the last 5 years. The selected stocks are weighted by their free float market capitalization.

 

Methodology of the MSCI Europe High Dividend Yield Factsheet Methodology

  • 73 dividend stocks from 15 European countries (as of 29.02.24)
  • Investment universe: MSCI Europe index, which comprises 424 European equities (as of 29.02.24), excluding REITs
  • Stock selection is based on the indicated dividend yield
  • Selection criteria: quality factors, dividend yield of at least 30% above the average of the underlying index, non-negative dividend growth over 5 years
  • Index rebalancing takes place semi-annually in May and November
  • Index weighted by free float market capitalization
  • Maximum weight per individual stock is 5%
 

S&P Euro High Yield Dividend Aristocrats index

The S&P Euro High Yield Dividend Aristocrats index focuses on long-term and stable dividend growth. It is based on the S&P Europe Broad Market Index (BMI), but only includes stocks from Eurozone countries. A company is only included in the S&P Euro High Yield Dividend Aristocrats index if it has at least 10 consecutive years of a controlled dividend policy with rising or stable dividend payments. In addition, pre-defined yield criteria must be met. Despite the strict inclusion rules, the limits for individual securities, sector and country weightings ensure that no cluster risks arise in the index. The selected stocks are weighted by their indicated dividend yield.

 

Methodology of the S&P Euro High Yield Dividend Aristocrats Factsheet Methodology

  • Appr. 40 dividend stocks from Eurozone countries
  • Investment universe: S&P Europe Broad Market Index (BMI), which includes 1,816 European stocks (as of 28/02/22). Only Eurozone companies are included
  • Stock selection is based on the indicated and the historical dividend yield
  • Selection criteria: controlled dividend policy with rising or stable dividends for at least 10 consecutive years
  • Index rebalancing takes place quarterly, reviews take place monthly
  • Index weighted by indicated dividend yield
  • Weight per individual stocks max. 5%; weight per sector/country max. 30%
 

STOXX® Europe Select Dividend 30 index

The STOXX® Europe Select Dividend 30 index comprises a selection of 30 companies from Europe that meet criteria for high dividend quality. The parent index is the STOXX® Europe 600 index. Securities are selected based on their indicated dividend yield and their historical dividend policy. The selected stocks are weighted by their indicated dividend yield.

 

Methodology of the STOXX® Europe Select Dividend 30 Factsheet Methodology

  • 30 dividend stocks from Europe
  • Investment universe: STOXX® Europe 600 index
  • Stock selection is based on the indicated dividend yield. In addition, companies must meet certain requirements with respect to dividend quality and payout ratio
  • Selection criteria: positive dividend growth over five years, dividend payments in four of the last five years, non-negative payout ratio (max. 60%)
  • Index rebalancing takes place annually in March
  • Index weighted by indicated dividend yield
 

European Dividend ETFs in comparison

The most important factors at a glance

When choosing a European dividend ETF one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all European dividend ETFs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all European dividend ETFs in detail
Compare all European dividend ETFs in a chart

Provider
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)IE00B5M1WJ87 952 0.30% p.a. Distributing Ireland Full replication
iShares Euro Dividend UCITS ETFIE00B0M62S72 733 0.40% p.a. Distributing Ireland Full replication
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE)DE0002635281 622 0.32% p.a. Distributing Germany Full replication
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)IE00BYYHSM20 593 0.28% p.a. Distributing Ireland Optimized sampling
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)DE0002635299 339 0.32% p.a. Distributing Germany Full replication
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETFDE000ETFL482 298 0.30% p.a. Distributing Germany Full replication
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1DLU0292095535 252 0.30% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C)FR0010717090 211 0.30% p.a. Accumulating France Unfunded swap
Deka EURO STOXX Select Dividend 30 UCITS ETFDE000ETFL078 159 0.30% p.a. Distributing Germany Full replication
Amundi Stoxx Europe Select Dividend 30 UCITS ETF DistLU1812092168 157 0.30% p.a. Distributing Luxembourg Unfunded swap
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C)LU1681041973 90 0.23% p.a. Accumulating Luxembourg Unfunded swap
Lyxor EURO STOXX Select Dividend 30 (DR) UCITS ETF I DLU0378434236 64 0.25% p.a. Distributing Luxembourg Full replication
Franklin European Quality Dividend UCITS ETFIE00BF2B0L69 57 0.25% p.a. Distributing Ireland Full replication
Xtrackers MSCI EMU High Dividend Yield ESG UCITS ETF 1DIE000VCBWFL8 51 0.25% p.a. Distributing Ireland Full replication
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETFIE00BMYDM919 28 0.25% p.a. Distributing Ireland Optimized sampling
Invesco EURO STOXX High Dividend Low Volatility UCITS ETFIE00BZ4BMM98 27 0.30% p.a. Distributing Ireland Full replication
WisdomTree Europe Equity Income UCITS ETFIE00BQZJBX31 26 0.29% p.a. Distributing Ireland Full replication
WisdomTree Europe Equity UCITS ETF USD HedgedIE00BVXBH163 22 0.58% p.a. Distributing Ireland Full replication
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF DistLU0959210278 18 0.30% p.a. Distributing Luxembourg Full replication
Fidelity Europe Quality Income UCITS ETFIE00BYSX4176 17 0.30% p.a. Distributing Ireland Full replication
BNP Paribas Easy ESG Dividend Europe UCITS ETFLU1615090864 16 0.31% p.a. Accumulating Luxembourg Unfunded swap
Fidelity Europe Quality Income UCITS ETFIE00BYSX4283 14 0.30% p.a. Accumulating Ireland Full replication
WisdomTree Europe Equity UCITS ETF EUR AccIE00BYQCZX56 10 0.32% p.a. Accumulating Ireland Full replication
Xtrackers MSCI Europe High Dividend Yield ESG UCITS ETF 1DIE000WQ16XQ4 7 0.25% p.a. Distributing Ireland Full replication
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist)IE00BYTH5T38 6 0.30% p.a. Distributing Ireland Full replication

Source: justETF.com; As of 18.03.24

 

Return comparison of all European dividend ETFs

The table shows the returns of all European dividend ETFs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best ETFs, you can also perform a chart comparison.

ETF   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
WisdomTree Europe Equity UCITS ETF USD Hedged 6.63% 13.21% 13.11% 16.22% 67.06%
WisdomTree Europe Equity UCITS ETF EUR Acc 6.75% 11.31% 11.90% 15.96% 41.28%
Fidelity Europe Quality Income UCITS ETF 1.82% 7.88% 9.67% 13.26% 28.50%
Fidelity Europe Quality Income UCITS ETF 1.66% 7.79% 9.49% 13.13% 28.12%
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) 2.95% 9.41% 10.30% 12.91% 46.46%
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D 4.05% 6.21% 6.19% 11.45% 29.23%
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) 2.95% 6.53% 6.34% 11.30% 30.29%
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF 2.36% 7.03% 9.71% 10.83% -
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 0.35% 4.59% 6.08% 10.09% 21.75%
BNP Paribas Easy ESG Dividend Europe UCITS ETF 0.60% 5.18% 8.73% 9.60% 24.18%
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist) 0.20% 5.16% 5.94% 8.74% -
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF Dist 0.25% 5.28% 6.26% 8.73% 18.62%
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) 0.19% 3.43% 6.55% 8.44% 36.48%
Franklin European Quality Dividend UCITS ETF -1.71% 2.19% 5.20% 6.26% 26.87%
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF 0.81% 3.09% 3.58% 6.17% 37.45%
WisdomTree Europe Equity Income UCITS ETF 1.24% 3.84% 6.61% 5.97% 33.11%
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 0.25% 5.16% 5.18% 5.15% 24.90%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) 1.04% 6.17% 3.60% -1.07% 8.38%
iShares Euro Dividend UCITS ETF 1.05% 6.10% 3.57% -1.12% 8.49%
Lyxor EURO STOXX Select Dividend 30 (DR) UCITS ETF I D 1.06% 6.19% 3.69% -1.15% 7.75%
Deka EURO STOXX Select Dividend 30 UCITS ETF 1.00% 6.09% 3.54% -1.16% 8.56%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) -3.63% 0.32% 1.44% -3.56% 11.68%
Amundi Stoxx Europe Select Dividend 30 UCITS ETF Dist -3.62% 0.27% 1.40% -3.85% 11.48%
Xtrackers MSCI EMU High Dividend Yield ESG UCITS ETF 1D 3.04% 8.87% - - -
Xtrackers MSCI Europe High Dividend Yield ESG UCITS ETF 1D 1.11% 7.06% - - -
ETF   2024
in %
2023
in %
2022
in %
2021
in %
2020
in %
WisdomTree Europe Equity UCITS ETF USD Hedged 9.40% 21.30% -4.50% 34.06% -10.91%
WisdomTree Europe Equity UCITS ETF EUR Acc 7.16% 22.57% -12.51% 23.48% -3.99%
iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) 5.70% 15.74% 0.06% 19.90% -10.06%
Xtrackers MSCI EMU High Dividend Yield ESG UCITS ETF 1D 4.90% - - - -
Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D 3.60% 18.33% -10.17% 19.28% -9.31%
Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (C) 3.44% 16.71% -6.69% 16.40% -6.39%
Fidelity Europe Quality Income UCITS ETF 3.13% 18.12% -16.29% 25.35% -2.41%
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF 2.92% 17.83% -4.10% - -
Fidelity Europe Quality Income UCITS ETF 2.90% 18.42% -16.44% 25.37% -2.47%
Xtrackers MSCI Europe High Dividend Yield ESG UCITS ETF 1D 2.24% - - - -
Amundi S&P Eurozone Dividend Aristocrat ESG UCITS ETF Dist 1.78% 16.12% -13.95% 16.26% -8.35%
SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (Dist) 1.66% 16.17% -13.59% - -
Lyxor EURO STOXX Select Dividend 30 (DR) UCITS ETF I D 1.44% 4.38% -14.13% 23.35% -18.13%
BNP Paribas Easy ESG Dividend Europe UCITS ETF 1.43% 17.05% -13.13% 27.98% -14.30%
iShares Euro Dividend UCITS ETF 1.34% 4.53% -13.77% 23.98% -17.65%
iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) 1.34% 4.54% -13.87% 23.54% -17.87%
Deka EURO STOXX Select Dividend 30 UCITS ETF 1.32% 4.43% -13.41% 23.16% -18.03%
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) 1.28% 18.39% -11.37% 14.90% -11.97%
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF 0.84% 14.27% -9.04% 21.40% -18.03%
WisdomTree Europe Equity Income UCITS ETF -0.09% 15.73% -0.50% 18.90% -18.30%
Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (C) -0.18% 14.59% 1.09% 18.03% -9.59%
Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF -0.21% 16.05% 0.34% 22.14% -7.03%
Franklin European Quality Dividend UCITS ETF -0.61% 10.99% -0.93% 17.40% -4.33%
iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) -5.78% 11.02% -10.25% 23.53% -9.51%
Amundi Stoxx Europe Select Dividend 30 UCITS ETF Dist -5.84% 10.71% -10.14% 24.46% -9.65%

Source: justETF.com; As of 29.02.24; Calculations in EUR including dividends