Diebold Nixdorf Set to Join Russell 3000® Index

Rhea-AI Summary

On May 29, 2024, Diebold Nixdorf (NYSE: DBD) announced its inclusion in the Russell 3000® Index, effective July 1, 2024. This inclusion follows the annual reconstitution of the Russell US Indexes, which ranks the 4,000 largest U.S. stocks by market capitalization as of April 30. Membership in the Russell 3000® Index ensures automatic inclusion in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index, along with the respective growth and value style indexes. This milestone is expected to expand Diebold Nixdorf's investor base and serve as a benchmark for their performance.

Positive

• Inclusion in Russell 3000® Index highlights recent growth.
• Automatic inclusion in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index.
• Expands investor base and highlights company performance.
• Access to benchmarks used by $10.5 trillion in assets.

Negative

• No immediate financial gain from index inclusion.
• Stock performance may still vary despite index inclusion.

NORTH CANTON, Ohio, May 29, 2024 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, is set to join the broad-market Russell 3000^® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24.

The annual Russell US Indexes reconstitution captures the 4,000 largest U.S. stocks as of Tuesday, Apr. 30, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000^® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

Tom Timko, Diebold Nixdorf executive vice president and chief financial officer, said: "We are pleased to be included in the Russell 3000® Index, one of the most widely cited performance benchmarks for the U.S. stock market. This milestone expands our investor base and highlights the company's recent growth as we continue serving our banking and retail customers."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

LinkedIn: www.linkedin.com/company/diebold
X: https://twitter.com/dieboldnixdorf
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf

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SOURCE Diebold Nixdorf, Incorporated

FAQ

When will Diebold Nixdorf join the Russell 3000® Index?

Diebold Nixdorf will join the Russell 3000® Index on July 1, 2024.

What is the significance of Diebold Nixdorf joining the Russell 3000® Index?

Joining the Russell 3000® Index expands its investor base and highlights its recent growth.

How is the Russell 3000® Index membership determined?

Membership is determined by market capitalization rankings and style attributes as of April 30.

Which other indexes will Diebold Nixdorf be included in due to the Russell 3000® Index membership?

Diebold Nixdorf will also be included in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index.

How much in assets are benchmarked against the Russell US indexes?

Approximately $10.5 trillion in assets are benchmarked against the Russell US indexes.