Nikkei High Dividend Yield Stock 30 Index

Overview

The Nikkei High Dividend Yield Stock 30 Index is a dividend-yield-weighted stock price index composed of 30 high-dividend-yield stocks selected from the top 500 constituents by market capitalization listed on the Prime Market of the Tokyo Stock Exchange. Constituent weights are determined by dividend yield, adjusted for liquidity as measured by trading value.

• Chart
  
• Constituents
  30 stocks selected from the top 500 stocks by market capitalization on the TSE Prime Market
• Periodic review
  Annually (June)
• Selection rules
  • Constituents are selected based on Nikkei's forecast dividends and their forecast dividend yields as of the Base Date at the end of May, in accordance with the regular review rules.
  • Even if extraordinary deletions occur due to mergers, integrations, or similar corporate actions, vacancies are generally not filled immediately. The index is restored to 30 constituents at the next regular review unless the number of constituents falls below 27.
• Number of constituents
  30
• Weighting
  Dividend-yield weighting, adjusted by a liquidity factor assigned based on the average daily trading value over the most recent one-year period, subject to a 5% cap
• Calculation Method
  • Calculated by summing the values obtained by multiplying each constituent's stock price by its weight factor, and dividing the total by a divisor.
  • The divisor is adjusted in a manner consistent with the base market value for market capitalization based indexes.
• Calculation frequency
  End-of-day basis
• Commencement date
  October/19/2026
• Inception date
  June/30/2016
• Calculation base date
  June/30/2016 ＝ 10,000