The Future for S&P 500 Dividends in 2021

From time to time, we like to present a snapshot of what the future for the S&P 500's quarterly dividends per share looks like. Here is what investors were expecting as of the close of trading on Friday, 15 January 2021, just ahead of the presidential transition in the United States.

Past and Projected Quarterly Dividends Futures for the S&P 500, 2019-Q4 through 2021-Q4, Snapshot on  15 January 2021

As the Operation Warp Speed rollout of the SARS-CoV-2 coronavirus vaccines continues, and as several state and local governments come to recognize their lockdown policies are not beneficial, we would anticipate the projections of future quarterly dividends will increase as the business outlook improves. But we'll see what happens as the year progresses!


CME Group. S&P 500 Quarterly Dividend Index Futures. [Online database]. Accessed 15 January 2021.


The CME Group's S&P 500 dividend futures are based on futures contracts that cover the period of time through the third Friday of the month ending their indicated quarter, when they expire. By contrast, Standard & Poor reports the amount of dividends paid out per share over the course of a calendar quarter, which is why these two sources often indicate different values.