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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Thursday, June-20-2024
9:55pm 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 June-21-2024 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 SEP 2024
[09-20-24]
DEC 2024
[12-21-24]
3M0.70001.4000
American Express0.70001.4000
Amgen2.25004.5000
Apple0.25000.5000
Caterpillar1.41002.8200
Chevron1.63003.2600
Cisco Systems0.40000.8000
Coca-Cola0.48500.9700
Disney0.45000.9000
Dow0.70001.4000
Goldman Sachs2.75005.7500
Home Depot2.25004.5000
Honeywell International1.08002.2200
IBM1.67003.3400
Intel0.12500.2500
Johnson & Johnson1.24002.4800
JPMorgan Chase1.15002.3000
McDonalds1.67003.4700
Merck0.77001.5800
Microsoft0.75001.5700
NIKE B0.37000.7700
Procter & Gamble1.00652.0130
Salesforce0.80001.2000
Travelers1.05002.1000
UnitedHealth Group2.10004.2000
Verizon Communications0.66501.3500
Visa A0.52001.1200
Walmart0.20750.4150


 
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