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:
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.
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.