Five indexes track dividend-paying stocks. The Morningstar® Dividend Composite Index contains all dividend-paying stocks that meet dividend consistency and sustainability screens. The Morningstar® Dividend Leaders Index includes the 100 highest-yielding stocks in the Morningstar Dividend Composite Index. The Morningstar® Dividend Yield Focus Index is a portfolio of high-quality and high-yield U.S. stocks screened for sustainability. New to the family are the Morningstar® US Dividend Target 50 Index and the Morningstar® Canada Dividend Target 30 Index.
Two indexes track Master Limited Partnerships (MLPs). The Morningstar® MLP Composite Index is a diversified, dividend-dollar weighted index that targets the top 97% of publicly trading energy Master Limited Partnerships by market capitalization. The Morningstar® MLP Focus Index consists of the 20 MLPs that are trading at the greatest discount to their risk-adjusted fair values.