Indxis history traces to 1979, when Moody’s began identifying companies that had increased their annual dividend payments for ten or more consecutive years. Four years later, Moody’s created the first Handbook of Dividend Achievers™, in recognition of the strong long-term performance of dividend paying companies. In 1998, Mergent, Inc. acquired Moody’s Investor Service and rebranded the handbooks under the Mergent name. In 2004, Mergent launched the first investment index based on the Dividend Achievers™ methodology. In just four years,  investment products based on the Dividend Achievers™ methodology have grown to in excess of $11 billion in assets under management.