Nikkei Progressive and High Dividend Stock Index

46,222.85
-1.70% -798.19 Jul/24/2024(Close)

Overview

The Nikkei Progressive and High Dividend Stock Index is a market value weighted index consisting of stocks with a high expected dividend yield and a track record of annual dividend increases or at least maintaining the same level as the previous year.

  • Chart
    Nikkei Progressive and High Dividend Stock Index
  • Constituents
    All listed issues in Japan save for issues listed on TOKYO PRO Market
  • Periodic review
    Annually (June)
  • Selection rules
    • Select 30 high expected dividend yield issues that have a track record of annual dividend increases or at least maintaining the same level as the previous year for a minimum of 10 fiscal years.
  • Number of constituents
    30
  • Weighting
    Market value weight
  • Calculation Method
    • The index is calculated by summing up the constituent share prices multiplied by the Weight Factors, and dividing the summation by the Divisor.
    • The Weight Factor shall be the number of issued common shares on the Base Date of the Periodic Review.
  • Calculation frequency
    End-of-day basis
  • Commencement date
    June/30/2023
  • Inception date
    June/30/2010
  • Calculation base date
    June/30/2010 = 10,000