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Deutsche Börse adjusts DivDAX guidelines

(PresseBox) (Frankfurt am Main, )
Deutsche Börse adjusts its guidelines to the dividend index DivDAX®: In addition to the annual review in September, a fast-exit-criterion will be introduced.

According to this criterion, companies will be excluded from DivDAX once they have announced that they will not pay dividends in the ongoing year. In this case, the respective company will be replaced on the following chaining date.

This adjustment to the rules strengthens the position of DivDAX as an index for companies with high dividend yields. The adjustment will be effective as from the next chaining date in March.

The dividend index DivDAX comprises the 15 DAX® companies with the highest dividend yields. The latter is calculated by dividing the dividend paid by the last price of the share on the trading day previous to the payout.

Simultaneously to the composition of the DAX index, the members of the DivDAX are determined on an annual basis. The index provides investors with an objective and transparent benchmark for the price development of companies with high dividend yields.

DAX® and DivDAX® are registered trademarks of Deutsche Börse AG.
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.