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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Monday, Feb-26-2024
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 Feb-27-2024 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 2024
[03-15-24]
JUN 2024
[06-21-24]
3M-    1.5100
American Express-    0.7000
Amgen-    2.2500
Apple-    0.2500
Caterpillar-    1.3000
Chevron-    1.6300
Cisco Systems-    0.4000
Coca-Cola0.48000.9600
Dow0.70001.4000
Goldman Sachs2.75005.5000
Home Depot2.25004.5000
Honeywell International1.08002.1600
IBM-    1.6700
Intel-    0.1250
Johnson & Johnson-    1.2500
JPMorgan Chase-    1.0500
McDonalds1.67003.3400
Merck0.77001.5400
Microsoft-    0.7500
NIKE B0.37000.7400
Procter & Gamble-    0.9689
Travelers1.00002.0700
UnitedHealth Group1.88003.7600
Verizon Communications-    0.6650
Visa A-    0.5200
Walmart0.20750.4150


 
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