Dow Jones launches shipping index

The index universe includes all companies involved in the shipping industry globally that primarily transport goods and materials. Companies solely involved in carrying passengers are excluded. A company must also have a minimum float-adjusted market capitalization of $150 million and a three-month average daily trading volume of $2 million. From this universe, the 25 stocks ranked highest by indicated annual dividend yield, subject to buffers that aim to limit unnecessary turnover, are selected for the index.   “The Dow Jones Global Shipping Index is designed to include companies that are...