That gives the opportunity to some market participants such as arbitrageurs and speculators to take a position, depending on their expectations on the evolution of the amounts that will actually be received by shareholders (see below the calculation of performance)

The performance of dividend futures depends on:

• During life, the changing expectations of the level of cash dividends and the announcements made by the companies about the future dividends. If expectations or advertisements are better than one day to another, the Future contract will appreciate based on this new information (and vice versa if expectations or news are negative).