NEW YORK, December 5, 2005 — 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 see the Dow Jones U.S. Select Dividend Index web site.
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.