MDL Morningstar Dividend Leaders Index
The Index consists of stocks listed on one of the three major exchanges, NYSE, NYSE Amex or Nasdaq, that have shown dividend consistency and dividend sustainability. Real Estate Investment Trusts (REITs) are not included. Through the application of Morningstar's proprietary multi-step screening process, a universe is identified. The top 100 stocks, based on dividend yield, are selected for the index. The individual holdings are weighted based on each security's shares outstanding, free float factor, and annual indicated dividend per share. The weighting of each holding is capped to enhance portfolio diversification.
3,016.80
As of 05/17/2019
Index Information
Provider: Morningstar
Category1: US Equity
Category2: Broad Market
Category3: Multi-cap
Country: USA
Currency: USD
Inception date: 05/03/2006
Backtesting data exists: No
Weighting methodology: Dividend weighted
Methdology guide: Read PDF
Number of holdings: 100
Total return version: MDLTR
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