"Mergent High Growth Rate Dividend Achievers™ Index"
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The Mergent High Growth Rate Dividend Achievers™ Index consists of the top 100 companies of the Broad Dividend Achievers™ Index as measured by their 10-year compound annualized dividend rate of growth.
The High Growth Rate Dividend Achievers Index is calculated using a modified market capitalization weighting methodology. The Index is calculated by the American Stock Exchange under the symbol DAH.
To be on the Mergent Achievers Index, these dividend paying companies must have a long history of raising dividends paid to shareholders every year.
Because this index uses the companies which have the fastest growing dividends, the dividend yield is not as high as the Mergent Dividend Achievers50 Index which selects out the highest yielding stocks of the Broad Dividend Achievers Index.
The top companies in this index currently are:
- Wal-Mart Stores, Inc.
- U.S. Bancorp.
- McDonald's Corp
- American Stock
- United Technologies Corp.
- Home Depot Inc.
- Bank of America Corp.
- American International Group
- Wells Fargo & Co.
- Pfizer Inc.
- Medtronic, Inc.
PowerShares High Growth Rate Dividend Achievers™ Portfolio
This is an exchange traded fund (EFT) that holds the stocks of the companies in the Mergent High Growth Rate Dividend Achievers Index. It opened on the American Stock Exchange (AMEX) on September 15, 2005 and trades under the ticker symbol PHJ.
The other index that's a subset of the Broad index is the Mergent NASDAQ Dividend Achievers Index.
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