S&P Global Dividend Aristocrats Index launched by S&P Dow Jones Indices
New Index Licensed to SSgA for ETF Development
NEW YORK, April 3, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today the launch of the S&P Global Dividend Aristocrats Index which is designed to measure the performance of the highest dividend yielding companies within the S&P Global Broad Market Index (BMI) that have followed a policy of increasing or stable dividends for at least 10 consecutive years. The Index launch expands the widely recognized S&P Dividend Aristocrats Index family which includes the S&P High Yield Dividend Aristocrats and S&P 500 Dividend Aristocrats amongst others. The S&P Global Dividend Aristocrats Index has been licensed to State Street Global Advisors (SSgA) for the creation and launch of an ETF.
"Dividend income has been an important theme throughout 2012 and going into 2013 for various reasons chiefly because of the low interest rate environment that has reduced investor options from traditional income generating asset classes," says Vinit Srivastava, director of strategy indices at S&P Dow Jones Indices. "Increasingly, investors looking for equity income are focusing on quality but are not constraining themselves by geographies. The S&P Dividend Aristocrats series of indices rely on stringent dividend growth criteria combined with other stability conditions. S&P Global Dividend Aristocrats Index applies this framework to a global universe."
The S&P Global Dividend Aristocrats Index is part of the S&P Dividend Aristocrats family. The Index methodology aims to achieve a balance between high dividend yield and dividend sustainability and growth. It incorporates criteria on dividend payout ratio and maximum indicated dividend yield, to exclude companies whose future dividend payout may be considered potentially less sustainable. The S&P Global Dividend Aristocrats Index is weighted by indicated annual dividend yield to tilt the portfolio towards companies with higher dividend yields.
For more information on S&P Dow Jones Indices, please visit: www.spdji.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average(SM), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices
More by this Source
S&P 500 Dynamic VEQTOR Index Named Innovation of the Year
Dec 11, 2013, 09:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.