Group 1 - As of October 29, 2025, no companies in the Shanghai 50, CSI 300, CSI 500, and CSI 1000 indices are in the proposal, decision, or implementation stages for dividends, with a total of 3, 20, 46, and 138 companies respectively not distributing dividends [1][3] - The coal, banking, and steel industries have the highest median dividend yields among the disclosed dividend proposals [4] - The realized dividend yields as of October 29, 2025, are 2.45% for the Shanghai 50, 1.96% for the CSI 300, 1.20% for the CSI 500, and 0.92% for the CSI 1000, with remaining yields of 0.10%, 0.11%, 0.05%, and 0.04% respectively [7][6] Group 2 - The annualized premium and discount for the main futures contracts as of October 29, 2025, are 1.93% for IH, -0.96% for IF, -8.26% for IC, and -10.23% for IM [1] - The tracking of the premium and discount levels of stock index futures will consider the impact of dividend distributions on index points, which is crucial for accurately estimating the premium and discount of futures contracts [2][23] Group 3 - The dividend progress for the indices is expected to be concentrated in November and December, as shown in the forecasts for the Shanghai 50, CSI 300, CSI 500, and CSI 1000 indices [16] - The methodology for estimating dividend points involves calculating the dividend amounts based on the weights of constituent stocks, their market values, and the index closing prices [25][26]

Key Points - The article discusses the dividend progress of constituent stocks in major indices as of June 10, 2025, highlighting the stages of dividend announcements and distributions across various indices [1][4]. - It provides a comparison of dividend yields across different industries, noting that coal, banking, and steel sectors have the highest yields [2][3]. - The article also presents the realized and remaining dividend yields for major indices, indicating the current financial performance and future expectations [6][7]. - It tracks the premium and discount of stock index futures, emphasizing the importance of considering dividend impacts on futures pricing [2][12]. Group 1: Dividend Progress of Constituent Stocks - As of June 10, 2025, the Shanghai Stock Exchange 50 Index has 14 companies in the proposal stage, 19 in the decision stage, 3 in the implementation stage, 9 that have paid dividends, and 4 that have not [1][4]. - The CSI 300 Index has 81 companies in the proposal stage, 92 in the decision stage, 34 in the implementation stage, 65 that have paid dividends, and 27 that have not [1][4]. - The CSI 500 Index has 68 companies in the proposal stage, 146 in the decision stage, 57 in the implementation stage, 139 that have paid dividends, and 90 that have not [1][4]. - The CSI 1000 Index has 81 companies in the proposal stage, 269 in the decision stage, 93 in the implementation stage, 338 that have paid dividends, and 219 that have not [1][4]. Group 2: Dividend Yield Comparison - The article provides statistics on the dividend yields of stocks that have disclosed dividend proposals, with coal, banking, and steel industries ranking the highest [2][3]. Group 3: Realized and Remaining Dividend Yields - As of June 10, 2025, the realized dividend yield for the Shanghai Stock Exchange 50 Index is 0.33%, with a remaining yield of 2.03% [7]. - The realized dividend yield for the CSI 300 Index is 0.39%, with a remaining yield of 1.60% [7]. - The realized dividend yield for the CSI 500 Index is 0.48%, with a remaining yield of 0.86% [7]. - The realized dividend yield for the CSI 1000 Index is 0.45%, with a remaining yield of 0.59% [7]. Group 4: Stock Index Futures Premium and Discount Tracking - As of June 10, 2025, the annualized discount for the IH main contract is 2.11%, for the IF main contract is 6.35%, for the IC main contract is 13.84%, and for the IM main contract is 22.25% [1][12]. - The article emphasizes the need to account for dividend impacts when calculating the premium and discount of stock index futures [2][12].