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Dividend Amounts for Stocks in the Nasdaq 100
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Updated: Friday, Feb-03-2012
11:55pm 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 Feb-06-2012 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.
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