ZURICH, Switzerland, March 6, 2009 (GLOBE NEWSWIRE) -- STOXX Ltd., the leading provider of European equity indexes, today announced the result of the annual review of the Dow Jones STOXX Select Dividend Index series and the result of the semi-annual review of the Dow Jones STOXX TMI Growth and Dow Jones STOXX TMI Value indexes, its respective large, mid- and small sub-indexes as well as the respective indexes for the euro zone. All changes will be effective on March 23, 2009.
Effective as of the open of European markets on March 23, 2009, 23 components will be exchanged in the Dow Jones STOXX Global Select Dividend 100 Index. The index comprises the 100 highest dividend-paying companies in the three regions of the Dow Jones STOXX Global 1800 Index.
In the European portion of the Dow Jones STOXX Global Select Dividend 100 Index, the three largest components that are being added measured by dividend yield are Banco Santander S.A. (Spain, Banks, SAN.MC), Enel S.p.A. (Italy, Utilities, ENEL.MI) and Wendel (France, Financial Services, MF.FR). The three largest components exiting the index are Intermediate Capital Group PLC (U.K., Financial Services, ICP.LN), Wienerberger AG (Austria, Construction & Materials, WIE.VI) and Voestalpine AG (Austria, Basic Resources, VOE.VI).
In the Asia/Pacific portion of the Dow Jones STOXX Global Select Dividend 100 Index, the three largest additions measured by dividend yield are Kingboard Chemical Holdings Ltd. (Hong Kong, Chemicals, 0148.HK), Keppel Corp. Ltd. (Singapore, Industrial Goods & Services, BN4.SG) and Jardine Cycle & Carriage Ltd. (Singapore, Retail, C07.SG). The three largest components exiting the index are Valad Property Group (Australia, Real Estate, VPG.AU), Macquarie CountryWide Trust (Australia, Real Estate, MCW.AU) and Venture Corp. Ltd. (Singapore, Industrial Goods & Services, V03.SG).
The three largest components measured by dividend yield that are being added to the Americas portion of the Dow Jones STOXX Global Select Dividend 100 Index are CenturyTel Inc. (U.S., Telecommunications, CTL), Power Financial Corp. (Canada, Insurance, PWF.T) and Avery Dennison Corp. (U.S., Chemicals, AVY). The three largest components exiting the index are Telus Corp. (Canada, Telecommunications, T.A.T), General Electric Co. (U.S., Industrial Goods & Services, GE) and Gannett Co. Inc. (U.S., Media, GCI).
In the Dow Jones STOXX Select Dividend 30 Index, the three largest companies by dividend yield that are being added to the index are Banco Santander S.A. (Spain, Banks, SAN.MC), Enel S.p.A. (Italy, Utilities, ENEL.MI) and Wendel (France, Financial Services, MF.FR). The three largest components exiting the index are Intermediate Capital Group PLC (U.K., Financial Services, ICP.LN), Wienerberger AG (Austria, Construction & Materials, WIE.VI) and Voestalpine AG (Austria, Basic Resources, VOE.VI). The Dow Jones STOXX Select Dividend 30 Index measures the 30 highest dividend-paying stocks in 18 European countries.
In the Dow Jones EURO STOXX Select Dividend 30 Index, the three largest components that are being added to the index measured by dividend yield are Enel (Italy, Utilities, ENEL.MI), Erste Group Bank AG (Austria, Banks, EBS.VI) and Corio N.V. (Netherlands, Real Estate, CORA.AE). The three largest components exiting the index are Wienerberger (Austria, Construction & Materials, WIE.VI), Voestalpine (Austria, Basic Resources, VOE.VI) and Kesko Oyj (Finland, Retail, KESBV.HE). The Dow Jones EURO STOXX Select Dividend 30 Index tracks the 30 highest dividend-yielding companies of the euro zone.
In the Dow Jones STOXX NORDIC Select Dividend 20 Index, the three biggest additions measured by dividend yield are Peab B (Sweden, Construction & Materials, PEAB-B.SK), Skanska B (Sweden, Construction & Materials, SKA-B.SK) and Ratos B (Sweden, Financial Services, RATO-B.SK). The three largest components exiting the index are Koebenhavns Lufthavne (Denmark, Industrial Goods & Services, KBHL.KO), UPM Kymmene (Finland, Basic Resources, UPM1V.HE) and Ramirent (Finland, Industrial Goods & Services, RMR1V.HE). The Dow Jones STOXX NORDIC Select Dividend 20 Index covers the 20 highest dividend-paying stocks in the Nordic region.
Two companies wil be added to the Dow Jones STOXX EU Enlarged Select Dividend 15 Index. The companies are Magyar Telekom (Hungary, Telecommunications, MTELEKOM.BU) and Mol Magyar Olaj-Es Gazipari (Hungary, Oil & Gas, MGYOY) replacing Mercator (Slovenia, Retail, MELR.LJ) and Luka Koper (Slovenia, Industrial Goods & Services, LKPG.LJ). The Dow Jones STOXX EU Enlarged Select Dividend 15 Index measures the 15 highest dividend-paying stocks in the countries which became new member states of the enlarged European Union on May 1, 2004.
As of March 5, 2009 the dividend yield of the reconstituted Dow Jones STOXX Global Select Dividend 100 Index decreased to 8.17% from 9.19%. The dividend yield of the Dow Jones STOXX Select Dividend 30 Index increased to 8.75% from 7.53% and the dividend yield of the Dow Jones EURO STOXX Select Dividend 30 Index increased to 7.02% from 6.24%. The dividend yield of the Dow Jones STOXX NORDIC Select Dividend 20 Index is up 7.33% from 5.75% and the dividend yield of the Dow Jones STOXX EU Enlarged Select Dividend 15 Index increased to 11.23% from 11.00%.
Changes in the Dow Jones STOXX Select Dividend Index series are being announced today after the conclusion of a regular annual component review.
The Dow Jones STOXX Style Indexes include three categories: growth, value and neutral. Effective with the opening of European markets on March 23, 2009, the number of components in the Dow Jones STOXX TMI Growth Index will decrease to 363 from previously 425 components, and the number of components in the Dow Jones STOXX TMI Value Index will decrease to 345 from 382 components while components in the neutral category will increase to 268 from 253.
The three largest components measured by free-float market capitalization that will be added to the Dow Jones STOXX Growth Indexes are France Telecom (France, Telecommunications, FTE.FR), Unilever PLC. (U.K., Food & Beverages, ULVR.LN) and L.M. Ericsson Telephone Co. (Sweden, Technology, ERIC-B.SK). The three largest components exiting the index are Roche Holding AG (Switzerland, Healthcare, ROG.VX), Banco Santander S.A. (Spain, Banks, SAN.MC) and Siemens AG (Germany, Industrial Goods & Services, SIE.XE).
The three largest companies measured by free-float market capitalization that will be added to the Dow Jones STOXX Value Indexes are BP (U.K., Oil & Gas, BP.LN), Novartis (Switzerland, Healthcare, NOVN.VX) and HSBC Holdings PLC (U.K., Banks, HSBA.LN). The three largest components exiting the index are AstraZeneca PLC (U.K., Healthcare, AZN.LN), GDF Suez S.A. (France, Utilities, GSZ.FR) and Deutsche Telekom (Germany, Telecommunications, DTE.XE).
In the Dow Jones STOXX Strong Growth 20 and Dow Jones EURO STOXX Strong Growth 20 indexes, Advanced Metallurgical Group N.V. (Netherlands, Industrial Goods & Services, AMG.AE) will be deleted from both indexes. In the Dow Jones STOXX Strong Growth 20 Index it will be replaced by Wirecard AG (Germany, Industrial Goods and Services, WDI.XE) and in the Dow Jones EURO STOXX Strong Growth 20 Index it will be replaced by Iberdrola Renovables S.A. (Spain, Utilities, IBR.MC). Advanced Metallurgical Group N.V. is being removed due to its deletion from the Dow Jones STOXX TMI Index after the last quarterly review.
The composition of the Dow Jones STOXX Strong Value 20 and Dow Jones EURO STOXX Strong Value 20 indexes will remain unchanged.
No style reclassification from the growth to value and value to growth categories will be made in this review.
Reasons for component changes in the Dow Jones STOXX Growth and Value indexes can be the change of style characteristics of an index component from growth to value or vice versa as well as addition of a component stock as the result of the stocks' Initial Public Offering (IPO).
Changes in the Dow Jones STOXX TMI Growth and Dow Jones STOXX TMI Value indexes, its respective large, mid- and small sub-indexes as well as the respective indexes for the euro zone, are being announced today after the conclusion of a regular semi-annual component review.
The underlying component data -- new numbers of shares and free-float factors -- for all indexes will be announced on March 13, 2009, after the close of European markets.
Further information, including the Dow Jones STOXX Index Guide and the complete component list of the Dow Jones STOXX Select Dividend Indexes and Dow Jones STOXX TMI Style Indexes, can be found on the STOXX Ltd. Web site at http://www.stoxx.com.
Disclaimer: Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
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