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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Thursday, Dec-13-2018
8:05pm 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 Dec-14-2018 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 2019
[03-15-19]
JUN 2019
[06-21-19]
3M1.42002.8400
American Express0.39000.7800
Apple0.73001.5600
Boeing1.96003.9200
Caterpillar0.86001.7200
Chevron1.16002.3200
Cisco Systems0.33000.7000
Coca-Cola0.41000.8200
DowDuPont0.38000.7600
ExxonMobil0.82001.6900
Goldman Sachs0.80001.6500
Home Depot1.15002.3000
IBM1.57003.2100
Intel0.33000.6600
Johnson & Johnson0.90001.8600
JPMorgan Chase0.80001.6000
McDonalds1.16002.3200
Merck0.55001.1000
Microsoft0.46000.9200
NIKE B0.22000.4400
Pfizer0.36000.7200
Procter & Gamble0.71721.4559
Travelers0.77001.6000
United Technologies0.73501.4700
UnitedHealth Group0.90001.8900
Verizon Communications0.60251.2050
Visa A0.25000.5000
Walgreens Boots Alliance0.44000.8800
Walmart0.53001.0600


 
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