NEW YORK, April 16, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend Index.
PacWest Bancorp (United States, Banks, PACW) will be deleted from the Dow Jones U.S. Select Dividend Index and replaced by Republic Services Inc. (United States, Industrial Goods & Services, RSG).
PacWest Bancorp is being removed due to a decrease in its quarterly dividend payment. The company's new dividend yield does not meet index eligibility requirements.
The changes in the Dow Jones U.S. Select Dividend Index will be effective before the open of trading on Tuesday, April 21, 2009.
The Dow Jones U.S. Select Dividend Index tracks the top 100 highest dividend-paying U.S. companies derived from the Dow Jones U.S. Index, which covers approximately 95% of U.S. market capitalization.
Further information on the Dow Jones U.S. Select Dividend Index can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.
Company additions to and deletions from the Dow Jones U.S. Select Dividend Index 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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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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