Nikkei to reshuffle components of 2 dividend-related indexes

TOKYO -- Nikkei will on June 28 reshuffle the constituents of two dividend-related indexes -- both of which are comprised of companies that have increased their dividends for 10 years or longer -- as part of a periodic review, the index provider said on Friday.

The two indexes are the Nikkei Consecutive Dividend Growth Stock Index and the Nikkei Progressive and High Dividend Stock Index. While the former covers up to 70 stocks listed in Japan that have continuously increased their dividends for at least 10 years, the latter comprises the 30 stocks with the highest expected dividend yields and a track record of not decreasing dividends for at least 10 years.

For the Nikkei Consecutive Dividend Growth Stock Index, Nikkei will add Creek & River and three others, while removing GMO Payment Gateway and three others. For the Nikkei Progressive and High Dividend Stock Index, the index provider will add Astellas Pharma and 14 others, while removing Mitsubishi UFJ Financial Group and 13 others.

For more details, please visit the Nikkei indexes website.