The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDAQ or AMEX, and have increased their annual regular dividend payments for the last ten or more consecutive years. In addition, Indxis requires that a stock's average daily cash volume exceed $500,000 per day in the November and December prior to the annual reconstitution date on the last trading date in January. The Index is calculated using a modified market capitalization weighting methodology and has been published by the American Stock Exchange under the ticker symbol DAAsince December 5, 2003.
Universe Selection
Select US companies with at least ten
consecutive years of increasing regular dividends.
US companies must be listed on the NYSE, AMEX
or NASDAQ. US Companies must have a minimum
average daily cash volume of US$500,000 per day
for the November and December prior to each
Annual Reconstitution Date.
General Index Rules
Companies are weighted based on their market
capitalization as of the last trading date in
December. No constituent may weight more than
5% of the index on the annual reconstitution date
or quarterly rebalance date. The index is
reconstituted annually on the last trading date in
January. The weight of each company will float
between reconstitution and rebalance dates thus it
is possible for a company to weigh more than 5%
between these periods. The index is rebalanced
quarterly on the last trading date in April, July and
October. The rebalanced weights for April, July and
October will be based on the constituents’ market
capitalization as of the last trading date in March,
June, and September, respectively.

