TOKYO -- Nikkei on Thursday announced changes to the component stocks of the Nikkei 225 High Dividend Yield Stock 50 Index as a result of its periodic review.
Starting June 28, Trend Micro, Konika Minolta, The Yokohama Rubber Co., Toyota Motor, Tokyo Electron and Sony Financial Holdings will be replaced by Haseko, Sumitomo Chemical, DIC, Idemitsu Kosan, Tokai Carbon, JFE Holdings, Yamaha Motor and Citizen Watch.
The index has had 48 components since July 2018, when Furukawa and Showa Shell Sekiyu were dropped, but the number will return to 50 after the new adjustments. The components were chosen based on their expected dividend yields as of the end of May.
At the end of last month, the index's expected dividend yield, following the adjustments, was 4.8%.