2014 Ex-dividend and Distribution Dates:  VFH, VNQ, VUG, VOO


Thursday, February 6th, 2014 | Vance Harwood

Apparently Vanguard likes to keep their ETF ex-dividend and distribution dates a secret until just a couple days before the event.  It has that old mutual fund feel to it—”we’ll give you a quote after-market and allow you to buy or sell our stuff at the end of the day, otherwise go away…”

As a result, the dates below are just guesses, based on previous year’s ex-dividend and distribution dates.   For ex-dividend and pay dates see this  Vanguard link for getting the confirmed dates.

Selected Vanguard ETF Quarterly Ex-dividend & Distributions Dates—Group A:  VFH, VNQ, VUG, VOO

2014 Ex-Dividend Dates
Q1 Q2 Q3 Q4
24-Mar-14 23-Jun-14 22-Sep-14 23-Dec-14
Pay / Distribution Dates
28-Mar-14 27-Jun-14 26-Sep-14 30-Dec-14



VFH Vanguard Financials ETF
VNQ Vanguard REIT Index ETF
VUG Vanguard Growth ETF
VOO Vanguard S&P 500 ETF

For information on other Vanguard ETFs see this page.

Looking for ex-dividend information for non-Vanguard ETFs? see this page.

Notes: Ex-div last Monday of month with at least 4 days until last business day of month-except for December which is the last Tuesday.  Distribution date–4 business  days from ex date

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Thursday, February 6th, 2014 | Vance Harwood
  • Ken Dressel

    Hi,

    I imagine VXX won’t actually go to zero as they will probably keep reverse splitting it. Do those reverse splits allow XXV to go higher than 40? Thanks,

  • vance3h

    Hi Ken,
    I agree that VXX will never make it all the way to zero, but compared to the VXX price of 27 when XXV was created, its split adjusted price is now 8, and it will likely drop near to $1 by the end of 2010. I expect Barclays will continue to reverse split VXX 4x:1 each time it gets near to 10. The split adjusted price of VXX will asymptotically approach zero.

    Even with the reverse splits XXV won’t go any higher than 40. I know this is counter- intuitive–I was looking right at the equations and didn’t see it myself.

    Think of it as a closed investment pool. Barclays effectively took a short position in VXX 19-July-2011, and offered investors the chance to buy a share in that investment. There is no provision for Barclays to modify that initial investment. Since VXX has dropped from 27 to 8.05 in that period a 100 share short, $2700 worth, could now be bought back for $805. Percentage-wise that’s a 69% gain. Applying that gain to the XXV share price takes you from the initial $20.14 price of XXV to $34 (the current price after fees and tracking errors is $33). Since the maximum profit on a short sale is near 100% (buying the stock back for pennies), the maximum price for XXV would be 100% gain on the initial price of 20.14, or 40.28 / share.

    I wonder if Barclays themselves saw this XXV behavior ahead of time. I really doubt they want to bring out a new inverse fund every six months or so–it’s a marketing nightmare. The non-confused population will be a small minority. Barclays has reacted by bringing out IVO, but I bet they wished they had done the XIV approach. A daily inverse percentage approach, not a true short.

    -Vance

  • Ken Dressel

    Thanks a lot, I appreciate your research, just came across your site recently. I don’t have time or attention span to pore through the information as you seem to have done…

    Looking at VXX v. XXV chart it definitely appears XXV is flattening out compared to VXX over time, so I suspect you’ve got it exactly correct.

    I suppose, though it’s hard to believe, that Barclay’s might have missed the ceiling issue until after issuing XXV, but I wonder why they’d do it again with IVO, instead of doing an XIV clone?

  • vance3h

    Hi Ken,
    I also find it hard to believe that Barclays would miss the ceiling issue. Perhaps they thought they would have significantly more than 6 months before the dampening would be an issue.

    IVO might be a strategy to buy time. It is basically a clone of XXV, so it would be easy to administer, and XXV’s performance to date is a good recommendation. Now they have until at least July 2011, to come up with the next step.

    – Vance