IH及IF主力合约升水，IC及IM主力合约贴水【股指分红监控】

Key Points - The article provides an overview of dividend progress among major stock indices in China as of September 17, 2025, highlighting the number of companies in various stages of dividend announcements and distributions [1][3] - It compares the dividend yields across different industries, noting that coal, banking, and steel sectors have the highest yields [2][4] - The realized and remaining dividend yields for major indices are detailed, with the Shanghai 50 Index showing a realized yield of 2.18% and a remaining yield of 0.57% [8][7] - The article tracks the premium and discount of stock index futures, indicating that the IH main contract has an annualized premium of 1.66%, while the IC and IM contracts show significant discounts [4][19] - A methodology for estimating dividend points for stock indices is discussed, emphasizing the importance of accounting for dividend impacts when calculating futures premiums [31][33] Dividend Progress of Component Stocks - As of September 17, 2025, the Shanghai 50 Index has 21 companies in the proposal stage, 2 in the decision stage, and 24 that have distributed dividends [1][3] - The CSI 300 Index has 86 companies in the proposal stage, 13 in the decision stage, and 167 that have distributed dividends [1][3] - The CSI 500 Index has 59 companies in the proposal stage, 30 in the decision stage, and 323 that have distributed dividends [1][3] - The CSI 1000 Index has 76 companies in the proposal stage, 41 in the decision stage, and 657 that have distributed dividends [1][3] Industry Dividend Yield Comparison - The article presents statistics on the dividend yields of companies that have disclosed dividend proposals, with coal, banking, and steel industries ranking the highest [2][4] Realized and Remaining Dividend Yields - The realized dividend yields as of September 17, 2025, are as follows: - Shanghai 50 Index: 2.18% realized, 0.57% remaining [8] - CSI 300 Index: 1.75% realized, 0.40% remaining [8] - CSI 500 Index: 1.10% realized, 0.14% remaining [8] - CSI 1000 Index: 0.85% realized, 0.09% remaining [8] Stock Index Futures Premium and Discount Tracking - The article tracks the annualized premiums and discounts of stock index futures as of September 17, 2025: - IH main contract: 1.66% premium - IF main contract: 1.19% premium - IC main contract: 9.49% discount - IM main contract: 11.25% discount [4][19] Dividend Point Estimation Methodology - The methodology for estimating dividend points for stock indices is outlined, emphasizing the need to consider dividend impacts on index calculations [31][33]