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.
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Chart
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ConstituentsAll listed issues in Japan save for issues listed on TOKYO PRO Market
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Periodic reviewAnnually (June)
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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.
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Number of constituents30
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WeightingMarket value weight
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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.
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Calculation frequencyEnd-of-day basis
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Commencement dateJune/30/2023
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Inception dateJune/30/2010
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Calculation base dateJune/30/2010 = 10,000
Related News
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Nov/21/2024
Deletion from Nikkei Progressive and High Dividend Stock Index
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Oct/16/2024
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Jun/14/2024
Changes in the Nikkei Progressive and High Dividend Stock Index constituents