"Mergent Dividend Achievers™ Select Index"
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The Mergent Dividend Achievers™ Select Index begins with the Broad Dividend Achievers Index but applies additional requirements to screen out illiquid stocks. It does not include Real Estate Investment Trusts (REIT) or limited partnerships. This index is calculated by the American Stock Exchange (AMEX) and listed under the ticker symbol DVG.
The Mergent Dividend Achievers Broad Index includes all companies that have a history of raising their dividends paid on common stock for at least 10 years.
The Dividend Achievers Select Index is calculated using a modified market capitalization weighting methodology. No one company can make up more than 5% of the total market value. Although all companies in the Select index do pay dividends, the overall yield will be less than that of the Broad Index. The makeup of the Select Index puts more emphasis on growth.
The current number of companies in the Select Index is 225. The 10 biggest companies in it now are:
- Wal-Mart Stores
- American International Group
- Exxon Mobil
- Procter & Gamble Co.
- General Electric
- Chevron Corp.
- Johnson & Johnson
- International Business Machines
- Coca-Cola Co
- PepsiCo
Vanguard Dividend Appreciation Index Fund Investor Shares
This a closed-end mutual fund that tracks the Mergent Select Dividend Achievers. It opened on April 28, 2006 and trades under the ticker symbol VDAIX.
Vanguard Dividend Appreciation ETF
The Vanguard Dividend Appreciation VIPERS exchange traded fund is based on the stocks in the Mergent Select Dividend Achievers Index. This ETF opened on the AMEX American Stock Exchange on April 27, 2006 and uses the ticker symbol VIG.
What if you want just the top 50 companies in the Mergent Dividend Achievers Index? For that you go to the Mergent Dividend Achievers 50 Index.
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