Stock exchange offers new index next year
BEIJING, Dec. 30 -- The Shanghai Stock Exchange will issue a new index on
the first trading day of 2005 to track the 50 companies with the highest
dividend payments, the exchange announced recently.
The index takes 50 Shanghai-listed companies with stable dividend payments
and solid liquidity as its constituents. The companies include large caps
such as Sinopec, Baosteel and Shanghai Automotive, as well as medium-sized
companies such as Laigang Corp. and Xiamen Construction & Development.
The 50 companies altogether contributed more than half of the dividends paid
by all companies listed in Shanghai this year, with an averaged cash
dividend of 2.31 percent.
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