The S&P MidCap 400® Dividend Aristocrats is intended to gauge the execution of moderate sized organizations inside the S&P MidCap 400 that have reliably expanding profits each year for no less than 15 years.

This system was made by S&P Dow Jones Indices to accomplish the previously stated target of measuring the hidden enthusiasm of every list represented by this philosophy report. Any progressions to or deviations from this strategy are made in the sole judgment and attentiveness of S&P Dow Jones Indices so that the file keeps on accomplishing its target.

Qualification Criteria

List Eligibility

To fit the bill for enrollment in the S&P MidCap 400 Dividend Aristocrats, an organization must fulfill the accompanying criteria:

1. Be an individual from the S&P MidCap 400.

2. Have expanded profits each year for no less than 15 continuous years.

Organizations with "stable" (i.e. neither expanding nor diminishing) profits in one or more a long time amid the period are not qualified.

Timetable years and ex-dates are utilized for the profit examination, with the information looked into each January. In circumstances where a profit installment, or installments, goes astray from the organization's standard profit installment cycle, S&P Dow Jones Indices will, at its caution, allot installments to the proper year so as to take a full cycle into account.

Timing of Changes

Yearly Membership Changes. The list's constituent enrollment is looked into once a year, with changes viable after the end of the last business day of January. The reference date for such augmentations and cancellations is after the end of the last business day of December.

Quarterly Re-weighting. List constituents are re-weighted to equivalent weight quarterly, viable after the end of the last business day of January, April, July and October. The reference date for such re-weightings is five business days before the last business day of the re-weighting month.

Increments

At every yearly reconstitution, an organization in the qualifying universe is added to the record in the event that it keeps up expanded profits for no less than 15 back to back years. No augmentations are made to the file between yearly reconstitutions, with the exception of qualifying twist offs as point by point in Corporate Actions.

Erasures

Any organization no more meeting the criteria point by point in Index Eligibility is erased from the list at the yearly reconstitution. Furthermore, any stock that is expelled from the S&P MidCap 400 is additionally expelled from the S&P MidCap 400 Dividend Aristocrats at the same time. Substitution stocks added to the S&P MidCap 400 are not qualified for expansion to the S&P MidCap 400 Dividend Aristocrats until the ensuing yearly reconstitution. In this way, on occasion the file may contain less than 40 constituents between yearly reconstitutions.