The Dow Jones Australia Titans 30 Index represents the 30 largest and most liquid stocks traded in the Australian market. Stocks are selected based on the rankings by float-adjusted market capitalization and average trading volume.
Australian stocks generally pay high dividends. Hence this index has an yield of 4.61% as of August 31, 2009. After losing about 49% last year, the index is up 50.50% year-to-date as of August 31,2009 in US dollar terms. Financials make up about 55% of the index.
The Top 10 Components and their current dividend yields are listed below:
1.Westpac Banking Corp. (WBK)
Current Dividend Yield = 4.25%
2.Commonwealth Bank of Australia
3.National Australia Bank Ltd. (OTC: NABZY)
Current Dividend Yield = 4.85%
4.BHP Billiton Ltd. (BHP)
Current Dividend Yield = 2.62%
5.Australia & New Zealand Banking Group Ltd. (OTC: ANZBY)
Current Dividend Yield = 4.10%
6.Woolworths Ltd.
7.Westfield Group (OTC: WFGPY)
Current Dividend Yield = 7.37%
8.Wesfarmers Ltd.
9.Rio Tinto Ltd.
10.QBE Insurance Group Ltd.