S&P 500 Dividend Weekly: For the Week Ended 23-Jun-2026

Research evidence excerpt

S&P 500 Dividend Weekly: For the Week Ended 23-Jun-2026

J P M O R G A N Global Markets Strategy

24 June 2026

S&P 500 Dividend Weekly

For the Week Ended 23-Jun-2026

• See US Equity Derivatives Strategy for our dividend outlook and our Global Equity Derivatives Strategy

AC preferred dividend futures trades. Bram Kaplan, CFA

• Recap: Over the past week, 10 S&P 500 members announced new dividends (1-212)bram.kaplan@jpmorgan.com272-1215

in line with their previous payouts, one announced a hike, and there were no

J.P. Morgan Securities LLC

cuts or suspensions.

Daniel Motoc, CFA

(1-212) 622-0105• Dividend News:

daniel.motoc@jpmchase.com

• DAL raised its dividend by ~15%, adding ~0.01 index points (ip) to the J.P. Morgan Securities LLC

SPX’s annual dividend run rate. Arda Sebuktekin

• Large payers ABBV, LLY, ACN, and BMY announced unchanged (1-212)arda.sebuktekin@jpmchase.com270-4397

dividends over the past week, in line with expectations. J.P. Morgan Securities LLC

• Performance: SPX dividend futures sold off ~1-2% in 2028-35, and were little Tony(852) 2800-8857SK Lee

changed at the front-end of the curve w/w (Figure 2S&P50dividendfuturestermstructure - Figure 3S&P50dividendfutureslevels). tony.sk.lee@jpmorgan.com

Morgan Securities (Asia Pacific) Limited/ J.P. 50dividendfuturesopeninterestS&P50dividendfuturesopenintere). J.P.• Open Interest in SPX dividend futures was little changed w/w (Figure 4S&P Morgan Broking (Hong Kong) Limited

Dividend options OI increased ~1% w/w (~70% in calls), with notable

Davide Silvestrini

increases in the Z7 92 calls and 72 puts outstanding (Figure 6S&P50dividendoptionsopeninterest).

(44-20) 7134-4082

• Breakdown of 2026 SPX Dividends: Out of 84.4 points of dividends expected davide.silvestrini@jpmorgan.com