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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Monday, Apr-24-2017
9:30pm ET
Notes about the following table of dividend amounts.
  • Knowledge about dividends is important for index arbitrage because the fair value premium and the related buy and sell program levels are a function of the interest that would be earned on an amount equal to the spot index minus the amount of dividends earned. The time period for these interest and dividend earnings is from the current date to the expiration of the associated future. The dividends have to be adjusted by the index's divisor and, if the index is capitalization weighted, the dividends must also be weighted by the appropriate capitalization factor. The table below shows just the per share dividend amount.
  • Specifically, the estimated dividend amount for each stock below is our best estimate of the aggregate per share dividends that will be paid during the period beginning on Apr-25-2017 and ending on the expiration date of the future identified in the column heading.
  • Most companies pay dividends on a quarterly frequency; a few pay annually or semi-annually. The amount, timing, and growth of each dividend is forecasted from several years of dividend history, provided, of course, that the company has an established track record. Otherwise, the most recent (perceived) dividend policy is extended.
  • Internal values have a precision of at least twelve decimal places. Displayed values, however, are rounded to four decimal places.

 
Dividend Amounts (per share) for Dow Jones Industrial Average Stocks by Active Futures.
[Futures expiration date shown in brackets.]

Dow Jones Industrial Average Stocks JUN 2017
[06-16-17]
SEP 2017
[09-15-17]
DEC 2017
[12-15-17]
3M1.17502.35003.5250
American Express-    0.32000.6700
Apple0.63001.26001.8900
Boeing1.42002.84004.2600
Caterpillar-    0.77001.5400
Chevron1.08002.16003.2400
Cisco Systems-    0.29000.5800
Coca-Cola0.37000.74001.1100
Disney-    0.78001.6300
Dupont0.38000.76001.1400
ExxonMobil0.75001.50002.2700
General Electric-    0.24000.4800
Goldman Sachs0.75001.50002.2500
Home Depot0.89001.78002.6700
IBM1.50003.00004.5000
Intel0.27250.54500.8175
Johnson & Johnson0.85001.70002.5500
JPMorgan Chase-    0.50001.0000
McDonalds0.94001.88002.8700
Merck0.47000.94001.4200
Microsoft0.39000.78001.2100
NIKE B0.18000.36000.5600
Pfizer0.32000.64000.9600
Procter & Gamble-    0.68961.3792
Travelers0.72001.44002.1600
United Technologies0.66001.35002.0400
UnitedHealth Group0.74001.48002.2200
Verizon Communications-    0.57751.1675
Visa A0.16500.33000.5200
Wal Mart0.51001.02001.5300


 
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