Dow Jones Dividend Indices - S&P Dow Jones Indices
Dow Jones Dividend Indices
Methodology
March 2021
S&P Dow Jones Indices: Index Methodology
Table of Contents
Introduction
3
Index Objective
3
Highlights and Index Family
3
Supporting Documents
4
Eligibility Criteria and Index Construction
5
Dow Jones Asia Select Dividend 30 Index
5
Dow Jones Asia/Pacific Select Dividend 50 Index
7
Dow Jones Emerging Markets Select Dividend Index
9
Dow Jones EPAC Select Dividend Index
10
Dow Jones Eurozone Select Dividend 30 Index
12
Dow Jones Global Select Dividend Index
14
Dow Jones Global Select Dividend Composite Index
15
Dow Jones International Dividend 100 Index
16
Dow Jones Canada Select Dividend Index
18
Dow Jones U.S. Dividend 100 Index
19
Dow Jones U.S. Select Dividend Index
21
Dow Jones Taiwan High Quality Dividend 30 Index
23
Dow Jones Islamic Market Global Select Dividend Index
24
Index Calculations
26
Approaches
26
Dow Jones Select Dividend Hedged Indices
26
Earnings-per-share (EPS)
26
Liquidity
27
Multiple Classes of Stock
27
Dividend Payment Types
27
S&P Dow Jones Indices: Dow Jones Dividend Indices Methodology
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Index Maintenance
28
Rebalancing
28
Ongoing Maintenance
28
Corporate Actions
29
Currency of Calculation and Additional Index Return Series
29
Base Dates and History Availability
29
Investable Weight Factor (IWF)
29
Other Adjustments
29
Index Data
30
Calculation Return Types
30
Index Governance
31
Index Committee
31
Index Policy
32
Announcements
32
Pro-forma Files
32
Holiday Schedule
32
Rebalancing
32
Unexpected Exchange Closures
32
Recalculation Policy
32
Real-Time Calculation
33
Contact Information
33
Index Dissemination
34
Tickers
34
Index Data
34
Web site
34
Appendix I ? Currency of Calculation
35
Index Currencies and Exchange Rates
35
Appendix II ? Base Dates and History Availability
36
Appendix III ? Tickers
37
Global/Regional Indices
37
Country Indices
37
Thematic Indices
39
Appendix IV ? Methodology Changes
40
Disclaimer
48
S&P Dow Jones Indices: Dow Jones Dividend Indices Methodology
2
Introduction
Index Objective
The Dow Jones Dividend Indices family measures the performance of dividend-paying companies in a suite of global, regional, country and thematic indices. Indices contain between 30 and 300 stocks meeting specific criteria such as size, dividends, and liquidity. The indices are weighted by dividend yield, Indicated Annual Dividend ("IAD") and country yield, or float-adjusted market capitalization, subject to index-specific caps applied to individual constituents, country of domicile and/or Global Industry Classification Standard ("GICS") sector as further detailed under Eligibility Criteria and Index Construction.
Highlights and Index Family
Global/Regional Indices
? Dow Jones Asia Select Dividend 30 Index. Measures the stock performance of 30 high dividend-paying stocks, it currently represents Hong Kong, Taiwan, Singapore, South Korea and Hong Kong-listed Chinese companies.
? Dow Jones Asia/Pacific Select Dividend 50 Index. Measures the stock performance of 50 high dividend-paying stocks, it currently represents Australia, Hong Kong, Japan, New Zealand and Singapore.
? Dow Jones Emerging Markets Select Dividend Index. Measures the stock performance of 100 high dividend-paying emerging-market companies.
? Dow Jones EPAC Select Dividend Index. Measures the stock performance of 100 high dividend-paying stocks, it covers non-U.S. developed markets. (EPAC: Europe, Pacific, Asia, and Canada)
? Dow Jones Eurozone Select Dividend 30 Index. Measures the stock performance of 30 high dividend-paying stocks and covers the Eurozone-markets.
? Dow Jones Global Select Dividend Index. Measures the stock performance of 100 high dividend-paying stocks trading in developed-market countries.
? Dow Jones Global Select Dividend Composite Index. Measures the stock performance of high dividend-paying companies worldwide through a 300-stock composite of U.S., developedmarket ex-U.S., and emerging-market dividend indices.
? Dow Jones International Dividend 100 Index. Measures the stock performance of 100 high dividend-paying non-U.S. global companies, with a record of consistently paying dividends, selected for fundamental strength (based on financial ratios) and low volatility relative to their peers.
Country Indices
Each of the following indices in the Dow Jones Select Dividend Indices family represents the country's leading stocks by dividend yield.
Americas
? Dow Jones Canada Select Dividend Index. Measures the stock performance of 30 high
dividend-paying companies listed on the Toronto stock exchange and constituents of the S&P Canada BMI, excluding income trusts.
S&P Dow Jones Indices: Dow Jones Dividend Indices Methodology
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? Dow Jones U.S. Select Dividend Index. Measures the performance of 100 high dividend-
paying companies, excluding REITs, meeting specific criteria for dividends, earnings, size and liquidity.
In addition, the Americas and Asia/Pacific regions also include the following country indices respectively:
? Dow Jones U.S. Dividend 100 Index. Measures the stock performance of 100 high dividendpaying U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.
? Dow Jones Taiwan High Quality Dividend 30 Index. Measures the stock performance of 30 high dividend-paying Taiwanese companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.
Thematic Indices
? Dow Jones Islamic Market Global Select Dividend Index. Covers high dividend-paying companies in developed countries worldwide that pass rules-based screens for Shariah compliance.
Supporting Documents
This methodology is meant to be read in conjunction with supporting documents providing greater detail with respect to the policies, procedures and calculations described herein. References throughout the methodology direct the reader to the relevant supporting document for further information on a specific topic. The list of the main supplemental documents for this methodology and the hyperlinks to those documents is as follows:
Supporting Document S&P Dow Jones Indices' Equity Indices Policies & Practices Methodology S&P Dow Jones Indices' Index Mathematics Methodology S&P Dow Jones Indices' Float Adjustment Methodology S&P Dow Jones Indices' Global Industry Classification Standard (GICS) Methodology
URL Equity Indices Policies & Practices Index Mathematics Methodology Float Adjustment Methodology GICS Methodology
This methodology was created by S&P Dow Jones Indices to achieve the aforementioned objective of measuring the underlying interest of each index governed by this methodology document. Any changes to or deviations from this methodology are made in the sole judgment and discretion of S&P Dow Jones Indices so that the index continues to achieve its objective.
S&P Dow Jones Indices: Dow Jones Dividend Indices Methodology
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