2014 Ex-Dividend Dates for iShares’ IFEU, IFAS, DVYE, IFGL, IFNA, DVYA, IDV, WPS

Friday, March 21st, 2014 | Vance Harwood
 

2014 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:


2014 Ex-Dividend Dates
Q1 Q2 Q3 Q4
25-Mar-14 24-Jun-14 24-Sep-14 19-Dec-14 29-Dec-14 (potential cap gains)
Pay / Distribution Dates
1-Apr-14 1-Jul-14 1-Oct-14 29-Dec-14 5-Jan-15 (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



2014 Vanguard ETF ex-dividend and distribution dates

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.

This post contains all the dividend information I have on Vanguard ETFs, but I have also created separate posts for each of the subgroups.   Those groups are:

Monthly ex-dividend and pay dates: BND, BNDX, BSV, VGLT, BIV, VCSH, VWOB

Quaterly ex-dividend and pay dates: VFH, VNQ, VUG, VOO

Quarterly ex-dividend and pay dates: VIG, VTI, VTV, VV, VYM

Quarterly ex-dividend and pay dates: VWO, VGK, VEU, VSS, VNQI, VEA, VGK, VPL, VXUS, VT

Semi-annual ex-dividend and pay dates:  VO, VOT, VB, VBR, VBK

Annual ex-dividend and pay dates: VAW, VDE, VGT

Selected Vanguard ETF Monthly Ex-dividend & Distributions Dates:  BND, BSV, VGLT, BIV, VCSH

2014 Ex-Dividend Dates
3-Feb 3-Mar 1-Apr 1-May 2-June 1-July 1-Aug
2-Sept 1-Oct 3-Nov 1-Dec 24-Dec 24-Dec (possible cap gain dist)
Pay / Distribution Dates
7-Feb 7-Mar 7-Apr 7-May 6-June 8-July 7-Aug
8-Sept 7-Oct 7-Nov 5-Dec 31-Dec 31-Dec (possible cap gain dist)

BND Vanguard Total Bond Market ETF
BSV Vanguard Short-Term Bond ETF
VGLT Vanguard Long-Term Govt Bd Idx ETF
BIV Vanguard Intermediate-Term Bond ETF
VCSH Vanguard Short-Term Corp Bd Idx ETF

 

Selected Vanguard ETF Quarterly Ex-dividend & Distributions Dates 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

.

Selected Vanguard ETF Quarterly Ex-dividend & Distribution Dates— VIG, VTI, VTV, VV, VYM

2014 Ex-Dividend Dates
Q1 Q2 Q3 Q4
24-Mar-14 23-Jun-14 22-Sep-14 22-Dec-14
Pay / Distribution Dates
28-Mar-14 27-Jun-14 26-Sep-14 29-Dec-14

VIG Vanguard Dividend Appreciation ETF
VTI Vanguard Total Stock Market ETF
VTV Vanguard Value ETF
VV Vanguard Large Cap ETF
VYM Vanguard High Dividend Yield Indx ETF

.

Selected International Vanguard ETF Quarterly Ex-dividend & Distribution Dates—VWO, VGK, VEU, VSS, VNQI, VEA, VGK, VPL, VXUS, VT

2014 Ex-Dividend Dates
Q1 Q2 Q3 Q4
24-Mar-14 23-Jun-14 22-Sep-14 22-Dec-14
Pay / Distribution Dates
28-Mar-14 27-Jun-14 26-Sep-14 29-Dec-14

VWO Vanguard Emerging Markets Stock Index Fund
VGK  Vanguard European Stock Index Fund
VEU  Vanguard FTSE All-World ex-US Index Fund
VSS   Vanguard FTSE All-World ex-US Small-Cap Index Fund
VNQI Vanguard Global ex-U.S. Real Estate Index Fund
VEA  Vanguard MSCI EAFE Index Fund
VGK Vanguard MSCI Europe Index Fund
VPL  Vanguard Pacific Stock Index Fund
VXUS Vanguard Total International Stock Index Fund
VT   Vanguard Total World Stock Index Fund

 

Selected Vanguard ETF  Semi-annual Ex-dividend & Distributions Dates—VO, VOT, VB, VBR, VBK

2014 Ex-Dividend Dates
March December
21-March-14 24-December -14
Pay / Distribution Dates
27-March-14 31-December-14

VO Vanguard Mid-Cap ETF
VOT Vanguard Mid-Cap Growth ETF
VB Vanguard Small Cap ETF
VBR Vanguard Small Cap Value ETF
VBK Vanguard Small Cap Growth ETF

 

Selected Vanguard ETF Annual Ex-dividend & Distributions Dates:  VAW, VDE, VGT

2014 Ex-Dividend Dates
December
22-December-14
Pay / Distribution Dates
29-December-14

VAW Vanguard Materials ETF
VDE Vanguard Energy ETF
VGT Vanguard Information Technology ETF

 

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



iShares dividends: IWM, IVV, OEF and more

Tuesday, September 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?

Saturday, September 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

Sunday, December 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.