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.
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.
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