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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Wednesday, Nov-14-2018
9:10pm 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 Nov-15-2018 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 DEC 2018
[12-21-18]
MAR 2019
[03-15-19]
3M1.36002.7800
American Express-    0.3900
Apple-    0.7300
Boeing-    1.9600
Caterpillar-    0.8600
Chevron-    1.1600
Cisco Systems-    0.3300
Coca-Cola0.39000.8000
Disney0.91000.9100
DowDuPont0.38000.7600
ExxonMobil-    0.8200
Goldman Sachs0.80001.6000
Home Depot1.03002.1800
IBM-    1.5700
Intel-    0.3300
Johnson & Johnson0.90001.8000
JPMorgan Chase-    0.8000
McDonalds1.16002.3200
Merck0.55001.1000
Microsoft-    0.4600
NIKE B0.23000.4600
Pfizer-    0.3600
Procter & Gamble-    0.7172
Travelers0.77001.5400
United Technologies-    0.7350
UnitedHealth Group0.90001.8000
Verizon Communications-    0.6025
Visa A-    0.2500
Walgreens Boots Alliance-    0.4400
Walmart0.52001.0500


 
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