CBOE Holdings Launches S&P 500 Dividend Aristocrats Target Income Index
- Index targets annual income of 3.5 percent over the annual dividend yield of the S&P 500 Index - Index made up of stock constituents of the S&P 500 Dividend Aristocrats Index that have increased dividends annually for at least 25 consecutive years - Index methodology includes partial overwriting of Weekly call options to generate the targeted level of income while striving for price appreciation
CHICAGO September 26, 2017 CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today announced it has launched the CBOE S&P 500 Dividend Aristocrats Target Income Index (SPAI), a benchmark index designed to track the hypothetical performance of a partial buy-write strategy applied to stocks contained in the widely utilized S&P 500 Dividend Aristocrats Index, to target a specific level of total income.