The S&P Dow Jones Indices announced major changes for the Dow Jones Industrial Average on Monday, August 31st at the same time as Apple’s four-for-one stock split takes effect.
On the 30-stock, price-weighted Dow Average, three-component changes will take place. Dividend Aristocrat Exxon Mobil (XOM), Pfizer (PFE), and Raytheon (RTX) to be replaced by Salesforce (CRM), Amgen (AMGN), and Honeywell (HON). The last time the Dow experienced a three-component change was back in 2013 when Goldman Sachs Group Inc. Visa Inc., and Nike Inc joined.
S&P indices stated that Apple’s 4-to-1 stock split has been one of the triggers to adjust the Dow Jones Industrial Average. Below a summary of the changes made by S&P indices and the “history of changes”.