NEW YORK, April 2, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend Index.
La-Z-Boy Inc. (United States, Personal & Household Goods, LZB) and PFF Bancorp, Inc. (United States, Banks, PFB) will be deleted from the Dow Jones U.S. Select Dividend Index and replaced by Mercury General Corporation (United States, Insurance, MCY) and Marshall & Ilsley Corporation (United States, Banks, MI).
La-Z-Boy Inc. is being removed because it no longer meets the index eligibility requirements due to a decrease in its quarterly dividend payment. PFF Bancorp, Inc. is being removed due to the suspension of its quarterly dividend.
The changes in the U.S. Dow Jones Select Dividend Index will be effective before the open of trading on Monday, April 7, 2008.
The Dow Jones U.S. Select Dividend Index tracks the top 100 highest dividend-paying U.S. companies derived from the Dow Jones U.S. Index, which covers approximately 95% of U.S. market capitalization.
Further information, as well as the complete component list of the Dow Jones U.S. Select Dividend Index, can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.
Company additions to and deletions from the Dow Jones U.S. Select Dividend Index do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: + 49-69-2972-5290
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE:NWS) (NYSE:NWS.A) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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