Dow Jones Announces Changes in the Dow Jones Select Dividend Index

NEW YORK (Dec. 17, 2003) — Dow Jones Indexes today announced that seven stocks would be replaced in the Dow Jones Select Dividend Index as a result of the regular annual review. The changes are effective December 22, 2003.

The stocks being added to the 50-stock Dow Jones Select Dividend Index are: Bank of America Corp. (BAC), Unitrin Inc. (UTR), J.P. Morgan Chase & Co. (JPM), Ventas Inc. (VTR), Energy East Corp. (EAS), BellSouth Corp. (BLS), Sonoco Products Co. (SON). They will replace Ashland Inc. (ASH), Cooper Industries Inc. CI A (CBE), Goodrich Corp. (GR), Honeywell International Inc. (HON), Royal Caribbean Cruises Ltd. (RCL), Sears, Roebuck & Co. (S), Supervalu Inc. (SVU).

The dividend yield of the reconstituted Dow Jones Select Dividend Index increased to 4.1% from 3.78% as of November 30, 2003.

Additions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Bank of America Corp. Financial 3.20 4.24%
BellSouth Corp. Telecommunications 1.00 3.84%
Energy East Corp. Utilities 1.00 4.35%
J.P. Morgan Chase & Co. Financial 1.36 3.85%
Sonoco Products Co. Industrial 0.84 3.93%
Unitrin Inc. Financial 1.66 4.39%
Ventas Inc. Financial 1.07 5.34%
Deletions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Ashland Inc. Industrial 1.10 2.77%
Cooper Industries Inc. Cl A Industrial 1.40 2.61%
Goodrich Corp. Industrial 0.80 2.91%
Honeywell International Inc. Industrial 0.75 2.53%
Royal Caribbean Cruises Ltd. Consumer, Cyclical 0.52 1.72%
Sears, Roebuck & Co. Consumer, Cyclical 0.92 1.67%
Supervalu Inc. Consumer, Noncyclical 0.58 2.25%

 
The changes will be effective with the opening of trading on December 22, 2003. Full component lists, including individual dividend, dividend yield and weightings are available at www.djindexes.com.

# # #

Journalists may e-mail questions regarding this press release or contact Dow Jones Indexes press office:

New York: +1-212-597-5720
London: +44-20-3379-3804

About Dow Jones Indexes

Dow Jones Indexes is a leading full-service index provider that 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 offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).

"Dow Jones®," "Dow Jones Indexes," and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes").

Posted in: Component Change, Index Review
Tagged as: