PRNewswire – New York – OTC Markets Group Inc. (OTCM), operator of the OTCQX®, OTCQB® and Pink® markets for 10,000 U.S. and global securities, today announced the launch of the OTCQX® Dividend Index (.OTCQXDIV), a new benchmark for tracking the performance of US and International Companies trading on the OTCQX Market that pay a regular dividend.
The OTCQX Dividend Index, currently comprised of over 100 U.S. and Global companies, is designed to highlight for income seeking investors the range of dividend paying companies traded on the OTCQX Best Market. These companies range from the largest global champions to local community banks. The Index is market capitalization weighted. Eligible securities include current members of the OTCQX Composite Index that pay a regular dividend.
“Investors are seeking income opportunities and our OTCQX Best Market offers a range of high quality, investor focused, companies they can’t find on a traditional stock exchange,” said R. Cromwell Coulson, President and CEO of OTC Markets Group. “With the launch of our OTCQX Dividend Index, investors now have a tool for identifying and tracking the performance of these income paying securities.”
The base date of the index is 4/1/2016 and the base index level is 1000. The Index divisor is adjusted on an ongoing basis to maintain the continuity of the index return through time. The OTCQX Dividend Index is reviewed on a quarterly basis for additions and amendments. For a complete rule set, please view the Rule Book.
Index data is priced in real-time and is available on the OTC Markets Group website,www.otcmarkets.com, and via major financial data services and websites such as Bloomberg, Reuters and FT.com.
Investors cannot invest directly in the OTCQX Dividend Index.
