Dixie Group added to Russell 3000 Index

09 Jul '14

2 min read

The Dixie Group, Inc. announced it has been added to the Russell 3000 Index and Russell 2000 Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2014.

“We are pleased to be added to the Russell 3000, which reflects our continued positive momentum and efforts to increase shareholder value,” said Daniel K. Frierson, The Dixie Group’s chairman and chief executive officer. “We expect our inclusion will raise our profile and generate greater interest in our stock among retail and institutional investors.”

Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. In the institutional marketplace, approximately 98% of the U.S. equity markets are benchmarked by the Russell 3000, representing approximately $4 trillion in assets. The Company will hold its membership until Russell reconstitutes its indexes in June 2015.

The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000.

The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.

About Russell

Russell Investments is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell’s core capabilities extend across capital markets insights, manager research, indexes, portfolio implementation and portfolio construction.

About The Dixie Group

The Dixie Group is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, Masland Contract, Atlas Carpet Mills and Avant brands.

The Dixie Group

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