1, dividend yield: This is one of the most important criteria. Dividend index usually chooses stocks with higher dividend yield. For example, the CSI dividend index is to select 100 stocks with high cash dividend yield, stable dividends and certain scale and liquidity from the Shanghai and Shenzhen stock markets.
2. Continuous dividends: listed companies need to have dividend records for several consecutive years. For example, the Shanghai Stock Exchange requires dividends for three consecutive years, and the dividends of China Securities and Shenzhen Stock Exchange also require dividends for three consecutive years, and the dividend rate is reasonable.
3. Market value and liquidity: Some dividend indicators will also consider the market value and liquidity of the company when selecting stocks. For example, when selecting samples for dividends of Shenzhen Stock Exchange, it will consider "total dividends in the last three years+daily turnover amount" for weighted sorting and free circulation market value weighting.
4. Dividend growth rate: Some dividend indicators not only value the current dividend rate, but also consider the dividend growth rate. For example, the dividend fund VIG adopts the strategy of "dividend growth". As of July 29, 2022, information technology, medical health and finance were the top three industries.
5. Industry distribution: Different dividend indices may have different industry preferences. For example, as of July 29, 2022, information technology, health care and finance were the top three industries in which dividend fund VIG adopted the strategy of "dividend growth".
6. Sample restriction: In order to prevent a single stock from influencing the index too much, each dividend index has certain restrictions on the weight of a single sample. For example, the sample weight of the Shanghai Stock Exchange dividend list and the CSI dividend list does not exceed 10%, the sample weight of the Shenzhen Stock Exchange dividend list does not exceed 15%, and the total of the top five heavyweights does not exceed 60%.