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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Friday, Apr-16-2021
7:40pm 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-19-2021 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 2021
[06-18-21]
SEP 2021
[09-17-21]
3M1.48002.9600
American Express-    0.4800
Amgen1.76003.5200
Apple0.22000.4400
Caterpillar1.03002.0800
Chevron1.29002.5800
Cisco Systems-    0.3700
Coca-Cola0.42000.8400
Dow0.70001.4000
Goldman Sachs1.25002.6000
Home Depot1.65003.3000
Honeywell International0.93001.8600
IBM1.67003.3400
Intel0.34750.6950
Johnson & Johnson1.07002.1400
JPMorgan Chase-    1.0000
McDonalds1.29002.5800
Merck0.65001.3000
Microsoft0.56001.1200
NIKE B0.27500.5500
Procter & Gamble0.86981.7396
Travelers0.88001.7600
UnitedHealth Group1.42002.8400
Verizon Communications-    0.6275
Visa A0.32000.6400
Walgreens Boots Alliance0.46750.9450
Walmart0.55001.1000


 
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  To Nasdaq 100 stock dividends.

 

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