2017 Ex-Dividend Dates for iShares’ IFEU, IFAS, DVYE, IFGL, IFNA, DVYA, IDV, WPS

Updated: Feb 26th, 2017 | Vance Harwood
 

2017 Ex-Dividend Dates for IFEU, IFAS, DVYE, IFGL, IFNA, DVYA, IDV, WPS

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


2017 Ex-Dividend Dates
Q1 Q2 Q3 Q4
 24-March  20-June  26-September  21-December  28-Dec (potential cap gains)
Pay / Distribution Dates
 30-March  26-June  29-September  28-December  4-Jan-18 (potential cap gains)

 

In alphabetical order:

DVYA  iShares Asia/Pacific Dividend  ETF

DVYE  iShares Emerging Markets Dividend ETF

IDV   iShares International Select Dividend ETF

IFAS  iShares Asia Developed Real Estate ETF

IFEU   iShares Europe Developed Real Estate ETF

IFGL  iShares International Developed Real Estate ETF

IFNA iShares North America Real Estate ETF

WPS  iShares International Developed Property ETF

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



iShares dividends: IWM, IVV, OEF and more

Updated: Sep 6th, 2011 | Vance Harwood
 

For  iShares Russell ETFs  (e.g., IWM) ex-dividend and paydate information go here.

For iShares S&P ETFs (e.g, IVV, OEF) ex-dividend and paydate information go here.

More ex-dividend, distribution date, and dividend history information here.



Capturing dividends with covered calls—are you ready?

Updated: Sep 24th, 2011 | Vance Harwood
 

In a recent post I gave an overview of dividend capture strategies.

In some situations an effective way to hedge risk with a dividend capture strategy is to use covered call options.  If you are not familiar with options this might sound exotic, but it’s truly the training wheels of option trading.  With covered calls you can introduce yourself to the conservative, hedging possibilities of options while increasing your odds of making modest amounts of money.   Before getting into the details,  please review the checklist below, to see if you are ready / able to do this:

  • Do you have enough capital?
    • This strategy requires you to buy hundreds of shares of stock to make it worth your trouble, do you have the money?
    • You can use margin to buy the stock, but that will increase your costs.
  • Will you be content with a small gain?
    • This strategy is generally not effective with stocks with large dividends (e.g. 4% or higher).  It works better with stocks that offer annualized dividends in the 2% to 3% range
    • On the good news side, you generally get the small gain with less than 10 business days of investment
  • Does the stock/ETF you want to capture the dividend on have a active option market?
    • If the options are thinly traded, or if appropriate strike prices are not available this strategy does not work
  • Are you set up for at least the first level (simplest level) of options trading in your brokerage account?
    • If your account is not an IRA then you will need to have a margin account.  Don’t worry, there are no interest charges or chance of a margin call with this strategy (assuming you don’t buy the stock on margin)
    • This first level of option authorization usually allows covered calls and simple purchases / sales of puts and calls
    • Typically you can do these sorts of trades in a Roth / Traditional IRA — however you do need to apply for that capability if you don’t have it already
  • Are you willing to learn about combo orders? These are orders that simultaneously fill your stock and options orders at a not-to-exceed price
    • These orders are prudent to use in fast moving markets, and when bid/ask prices are widely separated
    • Combo orders are not necessary if bid/ask spreads are small and if you are willing to do fast sequential market orders

Extra Credit

  • Can you make your investment in an IRA account?
    • If so, this dividend strategy is more attractive, because you can defer taxes on any gains

Pass the test?  In this post I’ll give some screening criteria for good positions and the basic setup of this dividend capture strategy.



Dividend Capture Strategies

Updated: Dec 12th, 2010 | Vance Harwood
 

In trying to capture dividends there is no free lunch. In fact, since Wall street is involved, the best you can hope for is an affordable lunch. I have looked at, and tried quite a few approaches—most of which don’t work, but I have found one approach that does work with some ETFs. Ironically you don’t actually collect the dividend most of the time, but you can collect an amount similar to the dividend-with a reasonable amount of risk.

Anyone with money can capture a dividend—you buy the stock (or ETF) before the ex-dividend date and hold it until the ex-dividend date. The challenge is to close out your position with a profit that is worth the risk. Typically the stock will drop by about the dividend amount when it starts trading on the ex-dividend day, but if the stock has a generally up day your overall profit can be better than the dividend. You lose money if the stock drops by more than the dividend amount (ignoring commissions)—and if the market goes bad you can lose many months worth of dividends in a hurry.

There are two ways to deal with this kind of risk, you can try to predict the future, or you can hedge. If you are any good at predicting the future then you don’t need to be messing around with dividends, you should just be buying and selling based on your predictions. With hedging you try to reduce, or better yet eliminate your risk by also investing in something that moves in the opposite direction of the stock so that the price movements cancel out. Some high quality hedges for a stock or ETF:

  1. Sell the stock short
  2. Sell a stock short that very closely tracks the stock you own (e.g., IVV for SPY)
  3. Buy an ETF that has an inverse relationship to your stock  (this can be done in IRAs, they don’t allow shorting)

 

Hedges that can reduce your risk, but only provide medium protection include:

  1. Shorting the general market or industry sector that your stock is in
  2. Buying inverse ETFs for the general market or industry sector
  3. Use stock options with strike prices close to the current market price
  4. Use stock futures (sell futures)

 

The folks on Wall Street aren’t about to let you get away with any sort of risk free profit, even if it is only a few tenths of a percent.   The high quality hedges above don’t work at all (see here) for dividend capture.   The medium level hedges don’t eliminate the downside risk and introduce the possibility that an upside move by your stock might be more than wiped out by an even stronger downside move by your hedge.

 

I have used one approach that offers a reasonable payoff, with reasonable risk—using deep-in-the-money stock option calls to capture the dividend amount.   More about this in this post.



2017 Ex-dividend and Pay date information for AGZ, CFT, CIU, EMB, GBF, GVI, MBB, MUB, NYF, SUB, MUAE, MUAG

Updated: Feb 26th, 2017 | Vance Harwood
 

The 2017 Ex-Dividend and Pay Date  information below is based on Ishares distribution schedule,

2017 Ex-Dividend Dates
1-Feb 1-Mar 3-Apr 1-May 1-June 3-July 1-Aug
1-Sept 2-Oct 1-Nov 1-Dec 21-Dec 28-Dec (possible cap gain dist)
Pay / Distribution Dates
7-Feb 7-Mar 7-Apr 5-May 7-June 10-July 7-Aug
8-Sept 6-Oct 7-Nov 7-Dec 28-Dec 4-Jan-18 (possible cap gain dist)


AGZ      iShares Barclays Agency Bond Fund (AGZ)
CFT      iShares Barclays Credit Bond Fund (CFT)
CIU      iShares Barclays Intermediate Credit Bond Fund (CIU)
EMB     iShares JPMorgan USD Emerging Markets Bond Fund (EMB)
GBF      iShares Barclays Government/Credit Bond Fund (GBF)
GVI      iShares Barclays Intermediate Government/Credit Bond Fund (GVI)
MUAE iShares 2016 S&P AMT-Free Municipal Series (MUAE)
MUAG iShares 2017 S&P AMT-Free Municipal Series (MUAF)
MBB     iShares Barclays MBS Bond Fund (MBB)
MUB    iShares S&P National AMT-Free Municipal Bond Fund (MUB)
NYF     iShares S&P New York AMT-Free Municipal Bond Fund (NYF)
SUB      iShares S&P Short Term National AMT-Free Municipal Bond Fund (SUB)

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