分红接近尾声，IC及IM合约贴水快速收窄【股指分红监控】

Key Points Summary Core Viewpoint - The article provides a comprehensive analysis of dividend progress among major stock indices in China, highlighting the current status of dividend announcements, implementation, and yields across different sectors, particularly focusing on the performance of index futures in relation to dividend impacts. Group 1: Dividend Progress of Component Stocks - As of August 20, 2025, the dividend progress for major indices is as follows: - Shanghai 50 Index: 4 companies in the proposal stage, 0 in the decision stage, 1 in the implementation stage, 42 have paid dividends, and 3 have not [1]. - CSI 300 Index: 20 companies in the proposal stage, 3 in the decision stage, 10 in the implementation stage, 242 have paid dividends, and 25 have not [1]. - CSI 500 Index: 21 companies in the proposal stage, 2 in the decision stage, 6 in the implementation stage, 394 have paid dividends, and 77 have not [1]. - CSI 1000 Index: 44 companies in the proposal stage, 3 in the decision stage, 2 in the implementation stage, 742 have paid dividends, and 209 have not [1]. Group 2: Dividend Yield Comparison by Industry - The current dividend yield statistics show that the coal, banking, and steel industries rank the highest in terms of dividend yields among the disclosed dividend proposals [2]. Group 3: Realized and Remaining Dividend Yields - As of August 20, 2025, the realized and remaining dividend yields for major indices are: - Shanghai 50 Index: Realized yield of 2.15%, remaining yield of 0.12% [7]. - CSI 300 Index: Realized yield of 1.71%, remaining yield of 0.16% [7]. - CSI 500 Index: Realized yield of 1.14%, remaining yield of 0.05% [7]. - CSI 1000 Index: Realized yield of 0.86%, remaining yield of 0.05% [7]. Group 4: Tracking of Index Futures Premiums and Discounts - As of August 20, 2025, the annualized premiums and discounts for index futures are: - IH Main Contract: Annualized premium of 2.90% [4]. - IF Main Contract: Annualized premium of 0.91% [4]. - IC Main Contract: Annualized discount of 5.76% [4]. - IM Main Contract: Annualized discount of 4.63% [4]. Group 5: Methodology for Dividend Impact on Index Futures - The article discusses the importance of considering dividend impacts when calculating index futures premiums and discounts, emphasizing the need for accurate dividend point estimation for effective trading strategies [2][27].