NEW YORK, Dec. 12, 2006 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced Republic Bancorp Inc. (Nasdaq:RBNC) will be deleted from the Dow Jones U.S. Select Dividend Index and replaced by New York Times Co. Class A (NYSE:NYT).
Republic Bancorp Inc. is being removed due to its pending acquisition by Citizens Banking Corp. (Nasdaq:CBCF).
This change will be in addition to the regular annual review changes. The previously announced four components to be added to the Dow Jones U.S. Select Dividend Index as a result of the regular annual review are Masco Corp., Mattel Inc., UnionBanCal Corp. and Valley National Bancorp. The four companies exiting the index are Equitable Resources Inc., Marathon Oil Corp., MDU Resources Group Inc. and Whirlpool Corp.
The changes in the Dow Jones U.S. Select Dividend Index will be effective as of the open of trading on Monday, December 18, 2006.
The dividend yield of the reconstituted Dow Jones U.S. Select Dividend Index will be increased to 3.46% from 3.38% as a result of these changes.
Further information, as well as the complete component list and methodology of the Dow Jones U.S. Select Dividend Index, can be found on the Dow Jones Indexes Web site http://www.djindexes.com.
Changes to the Dow Jones U.S. Select Dividend 100 Index do not in any way reflect an opinion on the investment merits of the companies being added or deleted.
Note to Editors:
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