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Dow Jones Indexes Announces Changes In The Dow Jones Select Dividend Index

Date 17/12/2003

Dow Jones Indexes today announced that seven stocks would be replaced in the Dow Jones Select Dividend Index as a result of the regular annual review. The changes are effective December 22, 2003.

The stocks being added to the 50-stock Dow Jones Select Dividend Index are: Bank of America Corp. (BAC), Unitrin Inc. (UTR), J.P. Morgan Chase & Co. (JPM), Ventas Inc. (VTR), Energy East Corp. (EAS), BellSouth Corp. (BLS), Sonoco Products Co. (SON). They will replace Ashland Inc. (ASH), Cooper Industries Inc. CI A (CBE), Goodrich Corp. (GR), Honeywell International Inc. (HON), Royal Caribbean Cruises Ltd. (RCL), Sears, Roebuck & Co. (S), Supervalu Inc. (SVU).

The dividend yield of the reconstituted Dow Jones Select Dividend Index increased to 4.1% from 3.78% as of November 30,2003.

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Name Economic Sector Indicated annual dividend Dividend Yield
Additions      
Bank of America Corp. Financial 3.20 4.24%
BellSouth Corp. Telecommunications 1.00 3.84%
Energy East Corp. Utilities 1.00 4.35%
J.P. Morgan Chase & Co. Financial 1.36 3.85%
Sonoco Products Co. Industrial 0.84 3.93%
Unitrin Inc.  Financial 1.66 4.39%
Ventas Inc. Financial 1.07 5.34%
Name Economic Sector Indicated annual dividend Dividend Yield
Deletions      
Ashland Inc. Industrial  1.10 2.77%
Cooper Industries Inc. Cl A Industrial  1.40 2.61%
Goodrich Corp. Industrial  0.80 2.91%
Honeywell International Inc. Industrial  0.75 2.53%
Royal Caribbean Cruises Ltd. Consumer, Cyclical 0.52 1.72%
Sears, Roebuck & Co. Consumer, Cyclical 0.92 1.67%
Supervalu Inc. Consumer, Noncyclical 0.58 2.25%

The changes will be effective with the opening of trading on December 22, 2003. Full component lists, including individual dividend, dividend yield and weightings are available at www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.