One of the indices offered by the index provider Russell Investments is the The Russell Australia High Dividend Index. This index is comprised of diversified Australian blue chips that pay high dividends.
The average market cap of companies in the index is over $34 billion and the dividend yield of the index is 5.72%. Financials account for about 45% of the index.
The Top 10 holdings in the index are:
- BHP Billiton Ltd (BHP)
- Commonwealth Bank of Australia (CMWAY)
- Westpac Banking Corp (WBK)
- National Australia Bank Ltd (NABZY)
- Australia New Zealand Banking Group Ltd (ANZBY)
- SP AusNet
- Woolworths Ltd
- Tatts Group Ltd
- Wesfarmers Ltd
- Metcash Ltd
The Russell High Dividend Australian Shares ETF tracks the performance of this index. The ETF trades on the Australian Stock Exchange under the ticker RDV. The list of 53 components of this ETF can be found here.
Disclosure: No Positions
