Answer Happy

Relative to investors
in Equities, are investors in Equities Futures disadvantaged by
dividends?
Yes. As
investors in Futures receive no dividend income, but are subject to
the same returns as Equities investors with respect to changes in
price.
No.
Holders of Futures contracts receive dividends just like holders of
Equities.
No.
Dividend value is received indirectly, as Futures prices are
discounted by the value of anticipated dividends
No. The value of
any dividend income gets automatically added to Futures contracts
at Settlement.