State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) Stock Price, Quote, News & History | Benzinga

The Index is designed to measure the performance of 100 high-yielding emerging market common stocks. The selection universe for the Index is the S&P Emerging BMI (Broad Market Index). To be eligible for inclusion in the Index, a company's stock must meet the following investability criteria as of the last trading date of June (the reconstitution reference date): (i) float-adjusted market capitalization of at least 300 million dollar and (ii) three-month median daily value traded of at least 1 million dollar. Additionally, a company's stock must meet the following stability criteria as of the reconstitution reference date: (i) positive earnings-per-share (before extraordinary items) over the latest 12-month period; (ii) stable (i.e., less than 5% decline) or increasing three-year dividend growth; (iii) a dividend coverage ratio greater than 100% (defined as Funds From Operations Per Share divided by Dividend-Per-Share); and (iv) dividend yield greater than the median dividend yield of the remaining universe of stocks that have passed all other investability and stability criteria. Eligible stocks are then ranked by risk-adjusted yield, which is calculated by dividing the dividend yield by the volatility of the monthly dividend yields over the preceding thirty-six months as of the reconstitution reference date. The top 80 stocks ranked by risk-adjusted yield are automatically selected for inclusion in the Index. All stocks that are current constituents and fall within the top 150 ranking are then chosen by order of rank. If there are still fewer than 100 constituents, the remaining stocks are selected based on rank until 100 stocks are selected. No more than 30 stocks from a single country may be included in the Index.