Friday September 29 2023

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: Brazil

Link: https://tinyurl.com/5483y4k7




On 28th September 2023, Brasil Bolsa Balcao S.A. (B3) announced the launch of its first index derived from the Ibovespa B3. The Ibovespa Smart Dividends B3 (IBSD B3) will include in its portfolio Ibovespa companies that stand out in the payments of cash proceeds (dividends and interest on equity) to shareholders with annual recurrence.

The index considers the Ibovespa B3 companies that pay the highest dividend amounts in relation to the share price. This criterion will also be used to weight the weight of the stock in the portfolio.

The first portfolio, which is in force until December 29th, 2023, will have 21 companies.

Click on the above link for further information