TOKYO — Nikkei will on June 30 reshuffle the constituents of two dividend-related indexes — the Nikkei Consecutive Dividend Growth Stock Index and the Nikkei Progressive and High Dividend Stock Index — as part of a periodic review, the index provider said on Friday.
For the Nikkei Consecutive Dividend Growth Stock Index, Nikkei will add Yamaguchi Financial Group and six others, while removing Alfresa Holdings and three others. For the Nikkei Progressive and High Dividend Stock Index, the index provider will add Oji Holdings and 12 others, while removing Kyokuto Kaihatsu Kogyo and 11 others.
The constituents of each index were selected based on their respective criteria as of the end of May: companies with the highest number of consecutive dividend increases, and companies with the highest number of times they maintained or increased dividends. Dividend yield was also taken into account in both cases. The higher number of additions is due to a removal of delisted stocks from the previous review.
For more details, please visit the Nikkei indexes website.
