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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Saturday, July-22-2017
12:50pm 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 July-24-2017 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 SEP 2017
[09-15-17]
DEC 2017
[12-15-17]
3M1.17502.3500
American Express-    0.3500
Apple0.63001.2600
Boeing1.42002.8400
Caterpillar-    0.7800
Chevron1.08002.1600
Cisco Systems-    0.2900
Coca-Cola0.37000.7400
Disney-    0.8500
Dupont0.38000.7600
ExxonMobil0.77001.5400
General Electric-    0.2400
Goldman Sachs0.75001.5000
Home Depot0.89001.7800
IBM1.50003.0000
Intel0.27250.5450
Johnson & Johnson0.84001.6800
JPMorgan Chase-    0.5600
McDonalds0.94001.9300
Merck0.47000.9500
Microsoft0.39000.8200
NIKE B0.18000.3800
Pfizer0.32000.6400
Procter & Gamble-    0.6896
Travelers0.72001.4400
United Technologies0.70001.4000
UnitedHealth Group0.75001.5000
Verizon Communications-    0.5900
Visa A0.16500.3550
Wal Mart0.51001.0200


 
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