Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the addition of the stocks in the Russell 2000 Index to its dividend forecast coverage.
The new service doubles Markit’s coverage of US stocks and strengthens its position as the market standard in dividend forecasting. Launched with seven leading investment banks as customers, the service offers market participants unique dividend insights for constituents of a widely traded US index.
"This addition to our range of services establishes Markit as the benchmark in dividend forecasting in the US and shows our commitment to the North American market," said Niall Cameron, executive vice president and Head of Indices and Equities at Markit.
As dividends have evolved into a new asset class that provides ever more advanced trading strategies, the need for independent, timely and accurate forecasts has never been greater. Markit provides a critical data service for derivative professionals who require an accurate source of equity index and ETF composition data in combination with global dividend and ex-dividend date forecasts.
Combining an independent benchmark in dividend forecasting with validated index constituent data, Markit’s range of services includes dividend index points, future index compositions and customized index management.
Markit’s regionally focused research team of 30 analysts is in direct contact with all index constituents’ investor relations departments to ensure that only the latest and most accurate information is reflected in Markit data.