Overview
The Nikkei Stock Average Estimated Dividend Point Index is an index that accumulates dividends received from the companies when investors are supposed to hold the constituents of the Nikkei Stock Average (Nikkei 225) on a calendar year basis, i.e. January to December in a year. The index is calculated by substituting each estimated dividend per share into the formula of the Nikkei 225 on each ex-dividend date. Since the index value is adjusted when the estimate by Nikkei on the ex-dividend is different from the amount fixed, its final index value of the year is published at the beginning of April in the subsequent year after the all dividend payments of the constituents are fixed. The index is expressed with a year such as the Nikkei Stock Average Estimated Dividend Point Index (2019) since the index is calculated by accumulating the dividends every calendar year basis. The index value of the current year is displayed on this page.
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Chart
Constituents
Nikkei 225 constituents (Gross cash dividends whose ex-dividend dates are between January 1 and December 31, including special dividends and commemorative dividends)
Number of constituents
225
Calculation Method
- The index is calculated by substituting the received dividends of the constituents into the formula of the Nikkei 225.
- After adjusting each dividend by the price adjustment factor, the adjusted value shall be divided by the divisor on its ex-dividend date and accumulated.
Calculation frequency
End-of-day basis
Commencement date
March/07/2019
Inception date
January/06/1998
Others
- Dividends are accumulated in two steps, first on the day of ex-dividend, and then, adjusted it on the next date of fixing date when the estimate by Nikkei on the ex-dividend is different from the amount fixed.
- The dividends paid corresponding to the annual accounting period is fixed on the dates of the annual regular shareholder meetings and the dividends paid on the other dates is fixed on the dates of the publication by the companies.
Related News
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Apr/03/2023
Nikkei Dividend Index reaches its historical high at 600.04 in 2022
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Sep/22/2022
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Apr/01/2022
Nikkei Dividend Index reaches its historical high at 489.16 in 2021
Related Information
Guide to make better use of the Nikkei Indexes
The most trusted gauge of the stock markets
Nikkei Inc. has developed and calculated its own indexes from various perspective, looking at changes in society and markets. Nikkei Stock Average, the premier and flagship index of Japanese stocks, and other Nikkei Indexes are widely used globally as representative indicators of the Japanese equity market, and financial products linked to the Nikkei Indexes are traded around the world.
License Agreement
Nikkei retains all intellectual property rights to the Nikkei Stock Average and other Nikkei Indexes. In addition to displaying the data on our website and mobile apps, Nikkei guides information on approval procedures for different usage patterns, including display and non-display usage of the indexes, and creation of financial instruments on the indexes.
Provision of index data
This section provides information on the procedures for using basic data in business use such as index constituents stock prices, dividends and weights, which are indispensable for calculating the Nikkei Stock Average, for business use.
FAQ
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