The Dow divisor explained: How the DJIA maintains continuity

The Dow divisor is the denominator used to calculate the value of the Dow Jones Industrial Average. Here's how it works.
Investopedia

Dow Divisor: What It Is, How It Works, and Example

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

What happens when a stock splits in the Dow Jones Industrial Average?

Since the DJIA is price weighted, stock splits must be accounted for in its calculation to prevent artificial volatility.
MarketWatch

Dow ‘divisor’ change gives its stocks a little more influence

The keeper of the Dow Jones Industrial Average tweaked the blue chip barometer’s “divisor” after Nike Inc.’s stock split, effectively giving every other stock a little more influence on the index’s ...
India Infoline

What is an Index Divisor?

The stock indices reflect the performance of the stock market. Therefore, they are popularly known as the barometer of the stock market. The value of stock indices is determined based on some values.