Next 2016 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends


Updated: Dec 22nd, 2016 | Vance Harwood

SPY went ex-dividend  Friday, December 16th, 2016 with a dividend of $1.32893 per share. Its distribution payout will be on January 31st ,2017.  VOO, one of the other big S&P 500 ETFs, went ex-dividend the 22nd of December with a dividend of $1.296 / share and IVV on the 21st of December with $1.30409 per share. VOO and IVV are much faster to distribute the dividends—both pay out within a week of their ex-dividend dates. IVV and VOO reinvest dividends from their underlying stocks until the payout date arrives. SPY is restricted by its Unit Investment Trust legal structure to hold dividends in cash until they are paid out.

SPY is the largest ETF in the world, currently with $226 billion in assets under management. The next two largest ETFs that track the S&P 500 are iShare’s IVV and Vanguard’s VOO—currently with $91 billion and $57 billion in assets respectively. The table below summarizes dividend information for SPY, IVV, and VOO. Vanguard only publishes ex-dividend dates a few days prior to the event itself, so future dates for VOO are just estimates.

Ticker Next Ex-dividend Next Pay date Sept Dividend Dec Dividend
SPY 16-Dec-2016 31-Jan-2017   $1.08202  $1.328930
IVV 21-Dec-2016 30-Sep-16  $1.10309  $1.30409
VOO 22-Dec-2016 29-Dec-16 (est)  $0.883 $1.296


You only have to buy a stock or ETF the day prior to its ex-dividend date to be eligible for the dividend.  You can sell on the ex-dividend date if you want and still collect the dividend when the distribution / pay date arrives.  Be aware that  in a flat market the stock or ETF at opening on its ex-dividend date will typically drop in value by the dividend amount.  See Top 10 questions on Dividends if you have more questions.

SPY, IVV, VOO 2016 Ex-Dividend Dates
Ticker Q1 Q2 Q3 Q4
SPY 18-Mar-16 17-Jun-16 16-Sep-16 16-Dec-16 28-Dec-16 (potential cap gains)
IVV 23-Mar-16 21-Jun-16 26-Sep-16 21-Dec-16 28-Dec-16  (potential cap gains)
VOO 21-Mar-16 21-Jun-16 13-Sep-16 22-Dec-16
Pay / Distribution Dates
SPY 29-Apr-16 29-Jul-16 31-Oct-16 31-Jan-17 31-Jan-17 (potential cap gains)
IVV 30-Mar-16 27-Jun-16 30-Sep-16 28-Dec-16 4-Jan-1 (potential cap gains)
VOO 28-Mar-16 27-Jun-16 19-Sep-16 29-Dec-16


For more information about ex-dividend and distribution dates for SPDR, iShares, Schwab, and Vanguard ETFs see this post. See the chart below for SPY’s dividend history since 2010. Click on graph to enlarge.

spy-chart-dec16

spy-table-dec16

 

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Thursday, December 22nd, 2016 | Vance Harwood