NYSE Euronext announces the launch of two new dividend indices, the CAC 40 Dividend Index and the AEX Dividend Index.
The CAC 40 Dividend Index and the AEX Dividend Index measure the cumulative value of ordinary gross dividends declared and paid by the constituents of the CAC 40 and the AEX indices respectively. The value of the two dividend indices is expressed in terms of index points. Each year, on the third Friday in December after close of business, the indices are reset at zero.
These new indices are designed to serve as an underlying for futures contracts, providing investors with an extra way to effectively manage the risk inherent in the dividend distribution by index constituents.
We are very pleased to extend our product range by adding the CAC 40 and AEX Dividend Indices, providing investors with new opportunities to participate in dividend returns of our French and Dutch blue chips, says George Patterson, head of Global Index design, Global Index Group, NYSE Euronext.
L.D.