NEW YORK, Dec. 5, 2005 (PRIMEZONE) -- Dow Jones Indexes, a leading global index provider, today announced changes in the composition of the Dow Jones U.S. Select Dividend Index. The changes will be effective as of the opening of trading on December 19, 2005.
DPL Inc. (DPL, Utilities) will replace Occidental Petroleum Corp. (OXY, Oil & Gas) in the Dow Jones U.S. Select Dividend Index. DPL Inc. has a dividend yield of 3.76%, while the yield of Occidental Petroleum is 1.82%.
The dividend yield of the reconstituted Dow Jones U.S. Select Dividend Index will increase to 3.65% from 3.53% as a result of these changes.
The Dow Jones U.S. Select Dividend Index measures the performance of leading dividend-yielding stocks in the U.S. The index is derived from the Dow Jones U.S. Total Market Index. Stocks are screened for dividend quality and liquidity, and 100 are selected to the index based on rankings by dividend yield. Index components are weighted by indicated annual dividend.
Further information, as well as the complete component list and methodology of the Dow Jones U.S. Select Dividend Index, can be found on the Dow Jones Indexes Web site http://www.djindexes.com.
Changes to the Dow Jones U.S. Select Dividend Index do not in any way reflect an opinion on the investment merits of the companies being added or deleted.
Journalists may e-mail questions regarding this press release to
PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:
New York: +1-212-597-5720 Frankfurt: + 49-69-97142815
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.
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