The Stock Exchange of Thailand (SET) has scheduled to launch the SET High Dividend 30 Index (SETHD), consists of 30 listed securities which have consistently paid high dividend. The new index is aimed to be used as a benchmark for investment and served as the basis of the issuance of other financial products. The 30 constituents have reported a combined Dividend Yield of 3.66% (as of May 31, 2011). SETHD will be launched from July 4, 2011.
The SET High Dividend 30 Index or SETHD is an addition to the existing SET index series comprising of SET Index, SET50 Index, SET100 Index and mai Index as well as other Industry and Sectoral Indexes. The SETHD index reflects the price movement of the Thai 30 listed stocks which consistently pay high dividend. The new index is expected to be used as an investment benchmark and used in connection with issuance of new mutual funds as well as new financial products, SET Group Head Products & Business Development Ms. Kesara Manchusree said.
“To be eligible for inclusion in the SETHD index, the stock must be a member of the SET100 index. In addition the company must pay dividend for the last 3 consecutive years. The annual dividend payout ratio in such period must not be greater than 85%. The top 30 stocks ranked by dividend yield will be selected to the SETHD index”, said Ms. Kesara.
The Thai Exchange will launch the SETHD index from July 4, 2011. The new index will use stock prices on June 30, 2011 as the base value and start at 1,000 points. The review of the SETHD index will be conducted twice a year, in June and December, in line with those of SET50 and SET100. All 30 stocks in the SETHD index demonstrate an average Dividend Yield of between 2.85% and 12.86%. The top-5 stocks with the highest Dividend Yield are STP&I PCL (STPI), Total Access Communication PCL (DTAC), Bangkok Expressway PCL (BECL), M.C.S. Steel PCL (MCS) and Kiatnakin Bank PCL (KK).
Interested investors can find the list of all 30 stocks used in the calculation of SETHD or look for more information by visiting www.set.or.th/SETHD
