Category: Money tips Release Date: 2006-06-18
SSE Dividend Index SSE following the successful launch of the SSE 180, SSE 50 Index after the another index of innovation. SSE Dividend Index is December 31, 2004 as the base date, base 1000, the index code 000015, known Dividend Index. Index stock cash dividend rate for the sample shares the primary criterion for selection, taking into account the size and market liquidity in circulation, won the Shanghai stock market, and the highest rate of cash dividend and stable dividend 50 stocks, reflecting the Shanghai stock market high-dividend stocks as a whole conditions and trends.
Committee of Experts on the Shanghai Stock Exchange Index SSE Dividend Index is responsible for the compilation method, the index maintenance rules, sample adjustment in areas such as assessment, advice and approval to protect the indices and index the operation of science, transparency, accuracy.
SSE Dividend Index is compiled and released to provide investors with a new standard of value investing, but also for future product innovation provides an ideal target.
SSE Dividend Index sample of stock options
Selection of the stock options: to meet the following three conditions of the Shanghai A shares on the SSE Dividend Index as a sample of stock options for shares.
Over the past two years, consecutive cash dividend and annual cash dividend rate (after tax) are greater than 0;
Over the past year, average daily circulation of the market value of Shanghai A shares ranked in the top 50%;
Over the past year, average daily turnover in Shanghai A shares ranked in the top 50%.
Sample the number of shares: 50 shares;
Select a sample unit: for all the stock options over the past two years, according to the average cash dividend yield (after tax) to rank the best selection of top 50 stocks before the composition of the sample stocks (abnormal market performance, and by the Committee of Experts found ineligible for a sample of the stock, except ).
SSE Dividend Index: SSE Dividend Index weighting method used to send Hsu, according to the sample number of equity shares to adjust the weights for weighted. The formula is:
The reporting period, index = adjustment of the reporting period, the market value of stocks / base period × 1000
Among them, adjust the market capitalization = Σ (price × adjust the number of shares). Adjustment of the number of equity by adopting a classification method of file share capital of the ingredients to adjust.
SSE Dividend Index to adjust the sample stock
Adjustment period: SSE Dividend Index end of each year to adjust the sample time, a special situation is temporary adjustment.
Removal of the original sample unit: The following conditions are satisfied in turn removed the original sample.
Over the past year, the cash dividend rate (after tax) of more than 0.5%;
Over the past year, average daily circulation fell in Shanghai A shares market capitalization ranks the top 60%;
Over the past year, average daily turnover in Shanghai A shares fell ranking the top 60%.
New sample stock options: not bound by the original sample of stocks and non-indigenous sample of stocks to meet the standards of all stock options for shares over the past two years, according to the average cash dividend yield (after tax) to rank the best selection of top 50 stocks before the to form a new sample of stocks.
Adjust the proportion of the sample: for each sample to adjust the proportion of generally not more than 20%, unless they did not meet the cash dividend yield over the past year (after tax) of more than 0.5% of the original samples were first removed the stock more than 20%.
(SSE Dividend Index SSE detailed methodology, please see web site http://www.sse.com.cn)
