Asia Index launches BSE Dividend Leaders 50 index
Asia Index, subsidiary of stock exchange BSE, on Friday announced the launch of a new index -
BSE Dividend Leaders 50
. The index measures the performance of companies in the
BSE 500 index
that have consistently paid dividends over the past 10 years. It is reconstituted annually in December,
Asia Index
said in a statement.
"This index shines a spotlight on quality businesses that have demonstrated consistent dividend payouts -- a hallmark of financial resilience,
capital
discipline, and shareholder commitment," Ashutosh Singh, MD and CEO of Asia Index, said.
by Taboola
by Taboola
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This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in India, Asia Index said.
Also, it can be used for benchmarking of PMS strategies, mutual fund schemes and fund portfolios, it added.
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