TOKYO — Nikkei will add Oji Holdings and six other shares to the constituents of the Nikkei 225 High Dividend Yield Stock 50 Index on June 30 as part of periodic review, the index provider said on Friday. Japan Post Holdings and five other shares will be removed from the index.
Since one stock was removed last autumn, the index has been calculated with 49 stocks, but it will return to 50 from the calculation on June 30. The stocks were selected based on their expected dividend yields at the end of May. The weighted average dividend yield of the index as of May 30 based on the new 50 constituents was 4.45%.
Addition: Oji Holdings, Dentsu Group, NTN, Jtekt, Mazda Motor, Yamaha Motor, Nomura Holdings.
Deletion: Japan Post, Nissan Motor, Mitsubishi UFJ Financial Group, Sompo Holdings, Tokio Marine Holdings, Mitsui O.S.K. Lines.
For more details, please visit the index website.