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Dividend Amounts for Stocks in
the Dow Jones Industrial Average

Updated: Tuesday, Oct-15-2019
7:15pm 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 Oct-16-2019 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 DEC 2019
[12-20-19]
MAR 2020
[03-20-20]
3M1.44002.9700
American Express-    0.4300
Apple0.77001.5400
Boeing2.05504.2050
Caterpillar1.03002.0600
Chevron1.19002.4600
Cisco Systems-    0.3500
Coca-Cola0.40000.8100
Disney0.89000.8900
Dow0.70001.4000
ExxonMobil0.87001.7400
Goldman Sachs1.25002.5000
Home Depot1.36002.8200
IBM1.62003.2400
Intel0.31500.6450
Johnson & Johnson0.95001.9000
JPMorgan Chase-    0.9000
McDonalds1.25002.5000
Merck0.57001.1400
Microsoft0.51001.0200
NIKE B0.24000.4800
Pfizer0.36000.7400
Procter & Gamble0.74591.4918
Travelers0.82001.6400
United Technologies0.73501.4700
UnitedHealth Group1.08002.1600
Verizon Communications-    0.6150
Visa A0.29000.5800
Walgreens Boots Alliance0.45750.9150
Walmart0.53001.0700


 
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