NEW YORK, June 4, 2012 (GLOBE NEWSWIRE) -- Genworth MI Canada Inc., will be added to the Dow Jones Canada High Dividend 50 Index, Dow Jones Indexes announced today.
The addition of Genworth MI Canada Inc. follows the removal of NAL Energy Corp. due to its acquisition by Pengrowth Energy Corp.
Genworth MI Canada Inc. engages in the mortgage insurance business. The company was incorporated in 2009 and is headquartered in Oakville, Canada.
The changes in the Dow Jones Canada High Dividend 50 Index will be effective as of the opening of trade on June 6, 2012.
The Dow Jones Canada High Dividend 50 Index measures the performance of 50 high dividend-paying Canadian stocks and income trust units that are selected for fundamental strength relative to their peers, based on financial rations. Stocks are selected to the index based on dividend yield, 3-year dividend growth, 3-year EPS growth, dividend coverage ratio and capitalization ratio.
Company additions to and deletions from the Dow Jones Canada High Dividend 50 Index does not in any way reflect an opinion on the investment merits of the company.
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