EUROPE - STOXX has launched the first pan-European select dividend indexes, tracking the 30 highest dividend paying stocks relative to their respective home markets.
The Dow Jones STOXX Select Dividend 30 Index covers Europe and the Dow Jones EURO STOXX Select Dividend 30 Index covers the Eurozone.
The new indexes have been integrated into the global Dow Jones Select Dividend index family.
“The [new indexes] combine the main factors of the high-dividend investment concept – net dividend yield, based on a diversified pan-European universe and the leading domestic dividend-paying companies,” said Lars Hamich, managing director of STOXX.
“Not only are the companies selected on the basis of dividend criteria, the weighting of the companies in the index is purely based on dividends. These factors make this index family unique and innovative. The size of a company doesn’t determine its importance within the index – only the dividend yield does.”
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