Asia Index has partially changed the methodology to select constituents of the S&P BSE Dividend Stability Index, which tracks the performance of companies from the S&P BSE LargeCap that have followed a policy of increasing or stable dividend income for at least seven out of nine years.

Under the revised methodology, a company’s annual dividends per share (DPS)/ par value per share (PVPS) for the past two years must be at least 10 per cent, to be eligible for selection under the S&P BSE Dividend Stability Index.

The revised methodology will take effect “prior to the market open on September 18, in conjunction with the implementation of the September rebalancing,” Asia Index said.