DPL Inc. (DPL, Utilities) will replace Occidental Petroleum Corp. (OXY, Oil & Gas) in the Dow Jones U.S. Select Dividend Index. DPL Inc. has a dividend yield of 3.76%, while the yield of Occidental Petroleum is 1.82%.
The dividend yield of the reconstituted Dow Jones U.S. Select Dividend Index will increase to 3.65% from 3.53% as a result of these changes.
The Dow Jones U.S. Select Dividend Index measures the performance of leading dividend-yielding stocks in the U.S. The index is derived from the Dow Jones U.S. Total Market Index. Stocks are screened for dividend quality and liquidity, and 100 are selected to the index based on rankings by dividend yield. Index components are weighted by indicated annual dividend.
Further information, as well as the complete component list and methodology of the Dow Jones U.S. Select Dividend Index, can be found on the Dow Jones Indexes Web site http://www.djindexes.com.
