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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Friday, Jan-19-2018
8:00pm 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 Jan-22-2018 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 MAR 2018
[03-16-18]
JUN 2018
[06-15-18]
SEP 2018
[09-14-18]
3M1.24502.49003.7350
American Express-    0.35000.7000
Apple0.63001.32002.0100
Boeing1.71003.42005.1300
Caterpillar-    0.78001.5600
Chevron1.08002.16003.2400
Cisco Systems-    0.32000.6400
Coca-Cola0.39000.78001.1700
Disney-    -    0.8400
DowDuPont0.38000.76001.1400
ExxonMobil0.77001.56002.3500
General Electric0.12000.12000.2400
Goldman Sachs0.75001.50002.2500
Home Depot1.05002.10003.1500
IBM1.50003.10004.7000
Intel0.27250.56250.8525
Johnson & Johnson0.84001.73002.6200
JPMorgan Chase-    0.56001.1200
McDonalds1.01002.02003.0300
Merck0.48000.96001.4400
Microsoft0.42000.84001.2600
NIKE B0.20000.40000.6000
Pfizer0.34000.68001.0200
Procter & Gamble-    0.70501.4100
Travelers0.72001.49002.2600
United Technologies0.70001.40002.1400
UnitedHealth Group0.75001.62002.4900
Verizon Communications-    0.59001.1800
Visa A0.19500.39000.5850
Wal Mart0.52001.04001.5600


 
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