Dow makes component changes

By Innovative Investor

07/06/2009

News


Global index provider Dow Jones has announced the results of its regular annual and regular quarterly review of the Dow Jones Select Dividend Indexes.


The changes will be effective after the close of trading on Friday, June 19, 2009.


In the Dow Jones Asia Select Dividend 30 Index, Singapore Airlines Ltd. (Singapore, Travel & Leisure, C6L.SG), Wing Hang Bank Ltd. (Hong Kong, Banks, 0302.HK) and Huaneng Power International Inc. (Hong Kong, Utilities, 0902.HK) will be replaced by Chinese Maritime Transport Ltd. (Taiwan, Industrial Goods & Services, 2612.TW), CTCI Corp. (Taiwan, Construction & Materials, 9933.TW) and Quanta Computer Inc. (Taiwan, Technology, 2382.TW). The dividend yield of the reconstituted Dow Jones Asia Select Dividend 30 Index will increase to 5.53% from 4.58% as a result of this regular annual review.


In the Dow Jones Hong Kong Select Dividend Index, Kowloon Development Co. Ltd. (Hong Kong, Financial Services, 0034.HK) will be replaced by Shanghai Industrial Holdings Ltd. (Hong Kong, Industrial Goods & Services, 0363.HK). The dividend yield of the reconstituted Dow Jones Hong Kong Select Dividend Index will increase to 4.91% from 4.6% as a result of this regular annual review.


In the Dow Jones Asia/Pacific Select Dividend 30 Index, Elders Ltd. (Australia, Food & Beverage, ELD.AU) will be replaced by SP AusNet (Australia, Utilities, SPN.AU). The dividend yield of the reconstituted Dow Jones Asia/Pacific Select Dividend 30 Index will decrease to 7.18% from 7.27% as a result of this regular quarterly review.


In the Dow Jones Australia Select Dividend 30 Index, Abacus Property Group (Australia, Real Estate, ABP.AU) will be replaced by SP AusNet (Australia, Utilities, SPN.AU). The dividend yield of the reconstituted Dow Jones Australia Select Dividend 30 Index will decrease to 8.13% from 10.66% as a result of this regular quarterly review.


And in the Dow Jones Japan Select Dividend 30 Index, Mitsui & Co. Ltd. (Japan, Industrial Goods & Services, 8031.TO) will be replaced by Ono Pharmaceutical Co. Ltd. (Japan, Health Care, 4528.OK). The dividend yield of the reconstituted Dow Jones Japan Select Dividend 30 Index will increase to 3.30% from 3.15% as a result of this regular quarterly review.

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