Key facts
- Nikkei will add 11 stocks to its High Dividend Yield Stock 50 index.
- Dai-ichi Life Holdings is among the new additions.
- Eight stocks, including Mizuho Financial Group, will be removed.
- The index reshuffle is based on projected dividend yields as of the end of May.
- The changes become effective on June 30.
- The weighted average projected dividend yield of the index will be 3.96% post-reshuffle.
Nikkei announced that 11 stocks, including Dai-ichi Life Holdings, will be added to its High Dividend Yield Stock 50 index as part of a periodic review. Concurrently, eight stocks, including Mizuho Financial Group, will be removed. The index, which comprises 50 components from the Nikkei 225 with high dividend yields, is reviewed annually in June based on projected dividend yields calculated as of the end of May.
The reshuffle, effective from June 30, will result in a weighted average projected dividend yield of 3.96% for the index. The index utilizes a dividend yield weight method, with constituent weights adjusted by liquidity factors based on trading values over the past year. The index provider noted that the number of deletions is fewer than additions, reflecting prior removals made since the last annual review.