STOXX Ltd. today announced changes in the composition of the Dow Jones STOXX Global Select Dividend 100 Index, the Dow Jones EURO STOXX Select Dividend 30 Index, the Dow Jones STOXX Select Dividend 30 Index, the Dow Jones STOXX NORDIC Select Dividend 20 Index and the Dow Jones STOXX EU Enlarged Select Dividend 15 Index.
Effective with the opening of markets on March 25, 2008, 27 components will be exchanged in the Dow Jones STOXX Global Select Dividend 100 Index. The index comprises dividend-paying companies in the three regions of the Dow Jones STOXX Global 1800 Index.
In the European portion of the Dow Jones STOXX Global Select Dividend 100 Index, the two largest components measured by dividend yield that are being added are TAYLOR WIMPEY (U.K., Personal & Household Goods, TW.LN) and BARRATT DEVELOPMENTS (U.K., Personal & Household Goods, BDEV.LN). The two largest components exiting are INDEPENDENT NEWSPAPERS (Ireland, Media, IPD.DB) and VODAFONE GROUP (U.K., Telecommunications, VOD; VOD.LN).
In the Asia/Pacific portion of the index, the two largest additions measured by dividend yield are VALAD PROPERTY GROUP (Australia, Financial Services, VPG.AU) and CONSOLIDATED MEDIA HOLDINGS LTD. (Australia, Media, CMJ.AU). The two largest components exiting are COMMONWEALTH BANK OF AUSTRALIA (Australia, Banks, CBA.AU) and TELSTRA CORP. LTD. (Australia, Telecommunications, TLS.AU; TLSYY).
The two largest components measured by dividend yield that are being added to the Americas portion of the Dow Jones STOXX Global Select Dividend 100 Index are SYNOVUS FINANCIAL CORP. (U.S., Banks, SNV) and REGIONS FINANCIAL CORP. (U.S., Banks, RF). The two largest components exiting are PINNACLE WEST CAPITAL CORP. (U.S., Utilities, PNW) and POPULAR INC. (U.S., Banks, BPOP).
In the Dow Jones STOXX Select Dividend 30 Index, the two largest companies by dividend yield that are being added to the index are TAYLOR WIMPEY (U.K., Personal & Household Goods, TW.LN) and BARRATT DEVELOPMENTS (U.K., Personal & Household Goods, BDEV.LN). The two largest components exiting are INDEPENDENT NEWSPAPERS (Ireland, Media, IPD.DB) and VODAFONE GROUP (U.K., Telecommunications, VOD; VOD.LN).
In the Dow Jones EURO STOXX Select Dividend 30 Index, the two leading components measured by dividend yield that are being added are CREDIT AGRICOLE (France, Banks, 4507.FR) and ING GROEP (Netherlands, Insurance, ING; 30360.AE). The two largest components exiting are INDEPENDENT NEWSPAPERS (Ireland, Media, IPD.DB) and M6 METROPOLE TV (France, Media, 5322.FR).
In the Dow Jones STOXX NORDIC Select Dividend 20 Index, the two biggest additions measured by dividend yield are STRAUMUR-BURDARAS INVESTM BANK (Iceland, Banks, STRB.IC) and UPM KYMMENE (Finland, Basic Resources, UPM1V.HE). The two largest components exiting are TRELLEBORG B (Sweden, Industrial Goods & Services, TREL-B.SK) and SKF B (Sweden, Industrial Goods & Services, SKF-B.SK).
In the Dow Jones STOXX EU Enlarged Select Dividend 15 Index, the two biggest additions measured by dividend yield are GRUPA ZYWIEC (Poland, Food & Beverage, ZWC.WA) and KGHM (Poland, Basic Resources, KGH.WA). The two largest components exiting are EESTI TELEKOMI (Estonia, Telecommunications, ETLAT.ET) and OTP BANK (Hungary, Banks, OTP.BU).
As of March 6, 2008 the dividend yield of the reconstituted Dow Jones STOXX Global Select Dividend 100 Index rose to 5.51% from 4.83%.The dividend yield of the Dow Jones STOXX Select Dividend 30 Index increased to 7.08% from 6.21% and the dividend yield of the Dow Jones EURO STOXX Select Dividend 30 Index to 4.44% from 4.30%. The dividend yield of the Dow Jones STOXX NORDIC Select Dividend 20 Index is up 5.56% from 5.47% and the dividend yield of the Dow Jones STOXX EU Enlarged Select Dividend 15 Index decreased to 15.43% from 15.58%.
Changes in the Dow Jones STOXX Select Dividend Indexes are being announced today after the conclusion of a regular annual component review. The full list of the new composition of the Dow Jones STOXX Select Dividend Indexes, as well as further information on the indexes, can be found on the STOXX website at http://www.stoxx.com/indices/types/select_dividend.html#.
The Dow Jones STOXX Global Select Dividend 100 Index tracks the 100 highest dividend –paying stocks in Europe, in the Americas and in Asia/Pacific. The index universe is defined as all dividend-paying companies in the three regions of the Dow Jones STOXX Global 1800 Index.
The Dow Jones STOXX Select Dividend 30 Index – covering Europe – and the Dow Jones EURO STOXX Select Dividend 30 Index – covering the Euro zone – track the 30 highest dividend-paying stocks relative to their respective home markets. The index universe is defined as all dividend-paying companies in the Dow Jones STOXX 600 for the Dow Jones STOXX Select Dividend 30 Index and in the Dow Jones EURO STOXX for the Dow Jones EURO STOXX Select Dividend 30 Index, respectively.
The Dow Jones STOXX NORDIC Select Dividend 20 Index covers the 20 highest dividend-paying stocks in the Nordic region, whereas the Dow Jones STOXX EU Enlarged Select Dividend 15 Index measures the 15 highest dividend-paying stocks in the countries which became new member states of the enlarged European Union on May 1, 2004. Their index universe is defined as all dividend-paying companies in the Dow Jones STOXX NORDIC index and in the Dow Jones STOXX EU Enlarged Total Market Index respectively.
Disclaimer: Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.
