The ISE announced on 22 June 2011 that the calculation of two new indexes, the ISE Dividend Index and the ISE Dividend 25 Index, will start as of 1 July 2011. The ISE Dividend Index shall be constituted of companies that fulfil the following conditions: i) according to their last three annual financial statements they have made a profit, ii) they have distributed cash dividends for such periods and iii) have made a profit in the 12-month period preceding the date of the last financial statement. The ISE Dividend 25 Index will constitute 25 companies with the highest free float market value selected among the companies ranking in the first two-thirds of the ISE Dividend Index companies with the highest dividend yield as of the review date.