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Schwab stealth dividends — can you guess the pattern?

Monday, March 29th, 2010

Update

Schwab posted their 2010 ex-dividend / distribution dates for their no-fee ETFs here.

Original post…

Schwab’s new no-commission ETFs went ex-dividend last Monday, March 22nd.   The distribution date is 26-March–only four days later!   I had guessed Schwab would align with the quarterly iShares funds ex-dividends, but apparently they have decided to go it alone with apparently semi-random, unannounced ex-dividend dates.  The dividends to be paid were posted recently.  The distributions:

SCHA   $0.07

SCHB   $0.11

SCHG  $0.05

SCHV  $0.14

SCHX   $0.10  (I had guessed $0.12)

The two ex-dividend dates we have since the funds started, 23-Dec-09, a Thursday, and 22-Mar-10, a Monday, don’t suggest a pattern I can see.   Ex-dividend dates tend to follow a week / day of week pattern (e.g., Thursday on the 3rd week of the month), or a day of the month (e.g., 1st of the month unless it is not a business day).   The December date was the 17th business day, and the March date was the 16th, so not a usable pattern there either.  Guess we will have to wait another quarter to get another data point.   In the meantime I’m going to guess and predict the next Schwab fund ex-dividend date will be on 21-June-2010.

Posted in Dividend Capture, Mainstream, all, dividend, ex-dividend | View Comments

SPY Dividend History

Wednesday, March 17th, 2010

SPY, said by some to be the most liquid single security in the world,  goes ex-dividend four times a year.  See this post for the next ex-dividend date and an estimate of the dividend amount.   You must buy SPY at least by the end of market on Thursday, the day before ex-dividend, to be eligible for the dividend.

Below is SPY’s  dividend history over the last 5 years:

 

 

SPY Dividend History, click to enlarge

 

 

 

Posted in Dividend Capture, Mainstream, all, dividend, ex-dividend | View Comments

2010 Ex-dividend and Pay date information for: DIA

Friday, March 12th, 2010

The Ex-Dividend and Pay Date  information below is based on SPDR distribution schedule,

DIA SPDR  Dow Diamond

Ex-Dividend

19-Feb-10 19-Mar-10   16-Apr-10   21-May-10   18-Jun-10   16-Jul-10   20-Aug-10   17-Sep-10   15-Oct-10   19-Nov-10   17-Dec-10  15-Jan-11 15-Feb-11

Pay Dates

16-Feb-10   15-Mar-10   12-Apr-10   17-May-10   14-Jun-10   12-Jul-10   16-Aug-10   13-Sep-10   12-Oct-10   15-Nov-10   13-Dec-10   18-Jan-11 18-Feb-11   15-Apr-11

DIA dividend history

DIA dividend capture

Looking for ex-dividend information for other ETFs?   Check this page.

Posted in Dividend Capture, Mainstream, dividend, ex-dividend | View Comments

2010 Ex-dividend and Pay date information for: DVY

Friday, March 12th, 2010

The Ex-Dividend and Pay Date  information below is based on Ishares distribution schedule,

DVY Ishares Dow Jones Select Dividend Index Fund

Ex-Dividend 23-Dec-09  25-Mar-10  24-Jun-10  23-Sep-10  22-Dec-10  20-Mar-11

Pay Date 23-Dec-09  31-Mar-10 30-Jun-10 29-Sep-10 29-Dec-10 30-Mar-11

Looking for ex-dividend information for other ETFs?   Check this page.

Posted in Dividend Capture, Mainstream, dividend, ex-dividend | View Comments

Ex-Dividend Dates for Russell ETFs: IWM, IWP, IWB,IWZ,IWR,IWD,IWV,IWS,IWO,IWW, IWC

Wednesday, January 13th, 2010

Ex-Dividend Dates for Russell ETFs: IWB, IWC, IWD, IWM, IWO, IWP, IWR, IWS, IWV, IWZ, IWV, IWS, IWO, IWW

Based on this Ishares  distribution schedule, I expect the next ex-Dividend, pay dates for these ETFs to be:

EX-DATE: 24-Mar-10   2-Jul-10   23-Sep-10   22-Dec-10

PAY DATE: 30-Mar-10 9-Jul-10 29-Sep-10 29-Dec-10

.
IWB  iShares Russell 1000 Index Fund (IWB)
IWC  iShares Russell Microcap® Index Fund (IWC)
IWD  iShares Russell 1000 Value Index Fund (IWD)
IWF  iShares Russell 1000 Growth Index Fund (IWF)
.
IWM  iShares Russell 2000 Index Fund (IWM)
.
IWN  iShares Russell 2000 Value Index Fund (IWN)
IWO  iShares Russell 2000 Growth Index Fund (IWO)
IWP  iShares Russell Midcap Growth Index Fund (IWP)
IWR  iShares Russell Midcap Index Fund (IWR)
IWS  iShares Russell Midcap Value Index Fund (IWS)
IWV  iShares Russell 3000 Index Fund (IWV)
IWW  iShares Russell 3000 Value Index Fund (IWW)
IWZ  iShares Russell 3000 Growth Index Fund (IWZ)

If you don’t see the ETF symbol you want there are a lot more here: Dividend, Ex-Dividend, and Paydate / Distribution Date information for ETFs

Posted in Mainstream, all, dividend, ex-dividend | View Comments

Next SPY ex-dividend date

Friday, January 1st, 2010

The next SPY ex-dividend date is 17-Sept-2010, I am estimating the dividend will be $0.55 per share (2009’s Sept dividend was $0.51). The distribution / pay date for that dividend is 29-Oct-2010

The last SPY ex-dividend date was 18th of June 2010.  The dividend was $0.53 ( I estimated $0.51)   The next payout / distribution date will be 30-July-2010.

See the SPDR website for the official scoop.  You must buy the ETF at least the day before to be eligible for the dividend.

SPY dividend history for the last 6 years is shown here.

Interested in SPY dividend capture?

Looking for ex-dividend information for other ETFs?   Check this page.

Posted in Mainstream, all, dividend, ex-dividend | View Comments


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