Two dividend indices including ISE Dividend Index and ISE Dividend 25 Index are calculated.

İMKB Dividend Index is comprised of the stocks of companies that are listed on the İMKB Markets (except Watchlist Market and List C) and that have distributed cash dividends in the last three years as of the appraisal day. 

İMKB Dividend 25 Index consists of 25 stocks included in the İMKB Dividend Index which are placed in the first 2/3 slice in the ranking from higher to lower according to dividend yield as of the appraisal day and have the highest market value of shares outstanding.

İMKB Dividend Index and İMKB Dividend 25 Index have been calculated since July 1st, 2011, the base value of both indices is 63.269,40.

When choosing the stocks to be included in İMKB Dividend 25 Index, dividend yield is calculated using the following equation. 

Dividend            Dividend Paid_i – Rights Issue Amount
                    = ------------------------------------------------------
 Yield_i                               Market Value_i

Wherein:

Dividend Yield_i: means dividend yield of the company "i" calculated as of the Appraisal Day

Dividend Paid_i: means the total gross amount of cash dividend paid by the company “i” in the prevailing fiscal period

Capital Increase Amount_i: means the sum of amounts found by multiplying the amount of rights issue which the company “i" carried out in the prevailing fiscal period by vesting preemptive rights to the shareholders by the rights issue price.

Market Value_i : means market value of the company "i" on the Appraisal Day
 
There are two periods, i.e. January-June and July-December, in which the periodic changes that are made in the scope of the indices as a result of the periodic review conducted with respect to the scope of the İMKB Dividend and İMKB Dividend 25 Indices will be in effect.