CECE® Top Dividend Total Return
Indexlaunch: 20.09.2011
Main Features of the CECE Top Dividend Total Return:
The CECE Top Dividend Total Return indices are capitalization-weighted and made up of the 10 stocks of the CECE with the highest divi-dend yield. Calculated and disseminated in real-time, the indices are denominated in EUR and USD and serve as underlying for structured and standardized derivates.
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| CECE TD TR EUR | CDTEUR <Index> | .CDTEUR | CET 9:00 - 17:45 | |
| CECE TD TR USD | AT0000A0QX81 | CDTUSD <Index> | .CDTUSD | CET 9:00 - 17:45 |
Main Features of the CECE Top Dividend Total Return:
- Dividend payments are considered (Gross Dividend).
- The free float is represented by the weighting factors: 0.10 – 0.20 – 0.30 – 0.40 – 0.50 – 0.60 – 0.70 – 0.80 – 0.90 – 1.00.
- Representation factors can take values between 0.01 and 1.00.
- The maximum weighting of a stock is obtained by considering a representation factor in the calculation. The repre-sentation factor is determined in such way so as to ensure that every index stock has a weighting of up to 20%.
- New index values are triggered by price updates in the index stocks.
- Changes to the index composition and the review of the free float and representation factors are decided by the CECE Committee on a quarterly basis.
- The composition of the indices is reviewed every year in September.