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Pier 1 Added to Dow Jones Index
By Home Furnishings Business in on January 2006
Home furnishings retailer Pier 1 has been added to the Dow Jones U.S. Select Dividend Index, replacing Hudson United Bancorp.
The change to the index will be effective at opening of trading on Feb. 1. Hudson United Bancorp is being removed because it was acquired by another company.
The Dow Jones U.S. Select Dividend Index includes 100 stocks derived from the Dow Jones U.S. Total Market Index, a broad-market benchmark index that represents about 85 percent of U.S. market capitalization.