Two dividend indices, namely BIST Dividend Index and BIST Dividend 25 Index are calculated.
BIST Dividend Index is comprised of the equities of companies that are listed on Borsa İstanbul Markets (except WatchList and Lists C and D) and that have distributed cash dividends in the last three years as of the appraisal day.
BIST Dividend 25 Index consists of 25 stocks included in BIST Dividend Index which are placed in the first 2/3 slice in the ranking from higher to lower according to dividend yield as of the appraisal day and have the highest market value of shares outstanding.
BIST Dividend Index and BIST Dividend 25 Index have been calculated since July 1st, 2011, and the base value of both indices is 63.269,40.
When choosing the equities to be included in BIST Dividend 25 Index, dividend yield is calculated using the following equation.
Dividend Dividend Paid (i) – Rights Issue Amount (i)
Yield (i) Market Value (i)
Dividend Yield (i): means dividend yield of the company "i" calculated as of the Appraisal Day
Dividend Paid (i): means the total gross amount of cash dividend paid by the company “i” in the prevailing fiscal period
Capital Increase Amount (i): means the sum of amounts found by multiplying the amount of rights issue which the company “i" carried out in the prevailing fiscal period by vesting preemptive rights to the shareholders by the rights issue price.
Market Value (i) : means market value of the company "i" on the Appraisal Day
There is one index period for BIST Dividend and BIST Dividend 25 indices, namely, February-January.
Please click for BIST Dividend and BIST Dividend 25 Indices constituents and weights for related index period.