State Street Global Advisors (SSGA) begun trading the SPDR S&P 500 High Dividend ETF (NYSEArca: SPYD) on Thursday, October 22, 2015.
|Symbol: SPYD||Exchange: NYSE Arca|
|Name: SPDR S&P 500 High Dividend ETF||Net Expense Ratio: 0.12%|
The SPDR S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index.
The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield.
The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts (REITs). To determine dividend yield:
(i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and
(ii) the indicated dividend is then divided by the company’s share price at the date of rebalancing.
Index constituents are equally weighted and the Index is rebalanced semi-annually, in January and July. As of September 30, 2015, a significant portion of the Index comprised companies in the utilities and financial sectors, although this may change from time to time.
Index Top Holdings (09/30/2015):
|AGL Resources Inc||1.68%|
|Teco Energy Inc||1.59%|
|Wec Energy Group Inc||1.40%|
|Consolidated Edison Inc||1.39%|
|Pinnacle West Capital||1.37%|
|Reynolds American Inc||1.36%|
Index Top Sectors (09/30/2015):
SPYD Home Page
Category: Equities> Regions> USA> US Income> US Dividends