ETFCentral
Satrix DIVI (STXDIV)
Summary
Issuer
Satrix
Short Code
STXDIV
Launch Date
29 August 2007
Index Tracked
FTSE/JSE Dividend Plus
Exposure
Local/Offshore
Local
Asset Class
Equity
Cost
TER
0.41%
Smart Beta
Smart Beta
Yes
Smart Beta Type
Alternative Index Construction
Dividends
Distribution Dates
Mar, Jun, Sep, Dec
Last Dividend Payout
22 July 2020
Next Dividend Payout
TBC
Detailed Description
The Satrix Divi ETF tracks the FTSE/JSE Dividend Plus index and should appeal to investors seeking to maximise yield. The index consists of 30 companies that are expected to pay the best normal dividends over the forthcoming year. The selection of the 30 shares is therefore not based on the market capitalization of the shares, but rather the ability of the company to pay superior dividends. This ETF will have a low correlation with other indices on the JSE and for this reason is an ideal product for diversifying investment portfolios. Distributions are made quarterly.