The BM&FBOVESPA Dividend Index (IDIV) is compiled as a weighted average of a theoretical portfolio of stocks pursuant to criteria set forth in this methodology.
The indices compiled by BM&FBOVESPA adopt concepts and practices set forth in the Concepts and Practices Manual for BM&FBOVESPA Indices.
The BM&FBOVESPA IDIV is designed to measure average stock performance tracking changes in the prices of higher dividend-yielding stocks. Dividend yields refer to income distributions in the form of both dividends and interest on shareholders’ equity.
The IDIV is a total return index (see the Concepts and Practices Manual for BM&FBOVESPA Indices).
The BM&FBOVESPA IDIV is composed exclusively of shares and units representing shares of BM&FBOVESPA-listed issuers that meet the inclusion criteria set forth below.
The index universe excludes Brazilian Depositary Receipts (BDRs) and shares of issuers under judicial or extrajudicial reorganization, government- or court-ordered administration or intervention, as well as shares otherwise designated to be under exceptional trading status (see the Concepts and Practices Manual for BM&FBOVESPA Indices).