Iren S.p.A. will be added to the Dow Jones Italy Select Dividend 20 Index, Dow Jones Indexes, a leading global index provider, announced today.
The addition of Iren (Italy, Utilities, IRE.MI) to the index follows the removal of Finmeccanica S.p.A. (Italy, Industrial Goods & Services, FNC.MI) which will be deleted due to the cancellation of Finmeccanica’s dividend payment. All changes will be effective before the open of trading on Monday, November 21, 2011.
Iren is an Italy-based holding company active in the multi-utilities sector. The company operates through its subsidiaries in the following sectors: electricity, gas, district heating, integrated water service and environment, and it also provides other public utility services as telecommunications, public lighting, and traffic-light services.
The Dow Jones Italy Select Dividend 20 Index represents the country’s top 20 stocks by dividend yield.
