# Calculating “Market Index Dividend Yield” of the ASX

In attempts to establish an investment portfolio with a long term horizon, the method of relative dividend yield has caught my attention.

I require the Market Index Dividend Yield to proceed. The formula in Spare and Tengler's "Relative Dividend Yield" is presented as

$$\mathrm{Market\ Index\ Dividend\ Yield}=\frac{\mathrm{Indicated\ Index\ Annual\ Dividend\ Rate}}{\mathrm{Current\ Index\ Value}}.$$

I am having trouble calculating the numerator of this formula.

Any help would be greatly appreciated, especially in context to the Australian Stock Exchange (ASX).

Thank you to all in advanced for you help.

Gustavo.