Q: Hello, Looks like Hammond Power will be added to S&P Canadian Dividend Aristocrats Index, soon. Sounds like good news for investors !! Do you see any material impact on trading and share price, due to demand from ETF;s and MF's ? Thanks
Wed, January 24, 2024 at 5:15 p.m. EST
TORONTO, Jan. 24, 2024 /CNW/ - S&P Dow Jones Indices announces the following index changes as a result of the annual S&P/TSX Canadian Dividend Aristocrats Index review. These changes will be effective prior to the open of trading on Thursday, February 1, 2024.
S&P/TSX Canadian Dividend Aristocrats Index – February 1, 2024
Symbol
COMPANY
ADDED
HPS.A
Hammond Power Solutions Inc
Wed, January 24, 2024 at 5:15 p.m. EST
TORONTO, Jan. 24, 2024 /CNW/ - S&P Dow Jones Indices announces the following index changes as a result of the annual S&P/TSX Canadian Dividend Aristocrats Index review. These changes will be effective prior to the open of trading on Thursday, February 1, 2024.
S&P/TSX Canadian Dividend Aristocrats Index – February 1, 2024
Symbol
COMPANY
ADDED
HPS.A
Hammond Power Solutions Inc
5i Research Answer:
The amount of money following this particular index is not huge, but it is still a net incrementally positive event for the stock overall. But we would not really expect a material price change just on this news.