Add training workflow, datasets, and runbook

training_data/curated/text/b03853774855a1e6097ed96c464b11848440045dee515fad693d1906a191fd85.txt

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+Inputting Dividend Data into the
+Pricing Model
+Often dividend payments are regular and predictable. With many
+companies, the dividend remains constant quarter after quarter. Some
+corporations have a track record of incrementally increasing their dividends
+every year. Some companies pay dividends in a very irregular fashion, by
+paying special dividends that are often announced as a surprise to investors.
+In a truly capitalist society, there are no restrictions and no rules on when,
+whether, or how corporations pay dividends to their shareholders.
+Unpredictability of dividends, though, can create problems in options
+valuation.
+When a company has a constant, reasonably predictable dividend, there is
+not a lot of guesswork. Take Exelon Corp. (EXC). From November 2008 to
+the time of this writing, Exelon has paid a regular quarterly dividend of
+$0.525. During that period, a trader has needed simply to enter 0.525 into
+the pricing calculator for all expected future dividends to generate the
+theoretical value. Based on recent past performance, the trader could feel
+confident that the computed analytics were reasonably accurate. If the
+trader believed the company would continue its current dividend policy,
+there would be little options-related dividend risk—unless things changed.
+When there is uncertainty about when future dividends will be paid in
+what amounts, the level of dividend-related risk begins to increase. The
+more uncertainty, the more risk. Let’s examine an interesting case study:
+General Electric (GE).
+For a long time, GE was a company that has had a history of increasing
+its dividends at fairly regular intervals. In fact, there was more than a 30-
+year stretch in which GE increased its dividend every year. During most of
+the first decade of the 2000s, increases in GE’s dividend payments were
+around one to six cents and tended to occur toward the end of December,
+after December expiration. The dividends were paid four times per year but
+not exactly quarterly. For several years, the ex-dates were in February, June,
+September, and December. Option traders trading GE options had a pretty