6/11/2010 11:42 AM EDT As if things weren't going badly enough for BP ( BP) investors, the embattled company is now considering cutting its dividend to ease anger caused by the spill. While the story of this dividend-splicing might be the most noticeable to investors today, it's not the first time that shareholders have been let down by dividend-paying investments that suddenly become less attractive. A
- DVY is comprised of 100 of the highest-yielding dividend securities (excluding REITs) in the Dow Jones U.S. Index, a broad-based index representative of the total market for U.S. equities.
- Companies must have a current year's dividend-per-share ratio, which is greater than or equal to their five-year average dividend-per-share ratio.
- Companies must have an average five-year dividend payout ratio of 60% or less.
- Companies must have a minimum three-month average trading volume of 200,000 shares a day.