NEW YORK, April 21, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend, Dow Jones Asia Select Dividend 30 and Dow Jones Hong Kong Select Dividend 30 indexes.
In the Dow Jones U.S. Select Dividend Index, TCF Financial Corporation (United States, Banks, TCB) will be replaced by General Dynamics Corporation (United States, Industrial Goods & Services, GD).
In the Dow Jones Asia Select Dividend 30 Index, Maanshan Iron & Steel Company Limited (Hong Kong, Basic Resources, 0323.HK) will be replaced by Raffles Education Corporation Limited (Singapore, Retail, E6D.SG).
In the Dow Jones Hong Kong Select Dividend 30 Index, Maanshan Iron & Steel Company Limited (Hong Kong, Basic Resources, 0323.HK) will be replaced by Zhejiang Expressway Company Limited (Hong Kong, Industrial Goods & Services, 0576.HK).
TCF Financial Corporation is being removed due to a decrease in its 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 trade on Friday, April 24, 2009.
Maanshan Iron & Steel Company Limited is being removed due to the cancellation of its dividend payment. The changes in the Dow Jones Asia Select Dividend 30 and Dow Jones Hong Kong Select Dividend 30 indexes will be effective before the open of trade on Monday, April 27, 2009.
Further information on the Dow Jones Select Dividend Indexes 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, Dow Jones Asia Select Dividend 30 and Dow Jones Hong Kong Select Dividend 30 indexes 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
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 that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index 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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