Harness the potential of the dividend market

S&P 500 Annual Dividend Index futures provide you with efficient tools to hedge or express a view on the U.S. dividend market, regardless of the price movement of the benchmark indices. The Annual S&P 500, Dividend Indices track the accumulation of dividends on an annual basis and resets to zero after the expiration of the leading December contract. The observation period is the prior December contract expiration date plus one trading day, through the contract’s December expiration date.

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Features and benefits

Flexibility

Choose from quarterly or annual contracts to hedge or express views on U.S. stock dividends.

Ease of access

Around-the-clock access plus block trade eligibility, allowing larger transactions to be privately negotiated.

Security of central clearing

Enjoy counterparty risk mitigation through CME Clearing.

More opportunity

Create total return strategies.

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About S&P 500 Annual Dividend Index Futures

Benefit from an efficient new way to hedge and express your views on the U.S. stock dividend market with S&P 500 Dividend annual futures. The S&P 500 Dividend Points Index (Annual) futures contract (SDA) is $250 times the S&P 500 Annual Dividend Points Index with the nearest 11 Decembers available for trading. The S&P 500 Dividend Points Index (Annual) (SPXDIVAN) tracks the accumulation of dividends on an annual basis and resets to zero after the expiration of the leading December contract.

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