NEW YORK, Sept. 24, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to the methodology of the following indexes in the NASDAQ Dividend and Income Index Family:
NASDAQ International Dividend Achievers Index (Nasdaq:DAT)
NASDAQ US Dividend Achievers 50 Index (Nasdaq:DAY)
NASDAQ US Broad Dividend Achievers Index (Nasdaq:DAA)
NASDAQ US Dividend Achievers Select Index (Nasdaq:DVG)
NASDAQ Broad Canadian Dividend Achievers Index (Nasdaq:DACA)
NASDAQ Select Canadian Dividend Index (Nasdaq:NQCADIV)
NASDAQ Select Canadian Preferred Share Index (Nasdaq:NQCAPFD)
NASDAQ Dividend Achievers (Nasdaq:DIVQ)
In order to achieve consistency across NASDAQ OMX's broad offering of indexes, NASDAQ OMX will make multiple revisions to the methodology of select members of the Dividend and Income Index Family – including changes to their Eligibility Criteria and the Evaluation and Rebalancing dates. These indexes will be now be Evaluated annually in March instead of January. The next Evaluation of these Indexes will become effective after the close of trading on Friday, March 21, 2014.
Indexes with a Rebalancing schedule of January, April, July and October will switch to a calendar quarter schedule of March, June, September and December. The next Rebalancing of these Indexes will become effective after the close of trading on Friday, December 20, 2013.
For a complete list of the Index methodology changes, please visit https://indexes.nasdaqomx.com/docs/NASDAQ_Dividend_and_Income_Index_Family_Changes_Notice.pdf.
The NASDAQ Dividend and Income Index Family is designed to track companies that continually increase shareholder value through dividends, buybacks, covered call payments and other diversified approaches for high yield. The Dividend and Income indexes have all been designed with rules-based methodologies for transparent and objective calculation.
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook ( http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding NASDAQ's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Source:The NASDAQ OMX Group, Inc.