Nikkei Progressive and High Dividend Stock Index

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
  
• 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