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.

Dividend capture by buying SPY and shorting IVV?

Updated: Mar 14th, 2013 | Vance Harwood

If your devious dividend capture plan involves you hedging against SPY’s price movements by selling IVV short until after SPY goes ex-dividend you can forget about it. The IVV (Barclays Global) price doesn’t drop by SPY’s dividend amount on SPY’s ex-dividend date. It continues to track the S&P 500 until it goes ex-dividend a few days later. Your master plan will net out with you down by at least your commission costs.

For  IVV and SPY ex-dividend and distribution dates and lots of others  see here.

If you are interested of an overview of dividend strategies—some of which actually work, see this post.

Thanks to Jeff in the comments below for pointing out to me that IVV management doesn’t have to do anything in order for this to play out this way.

IVV vs SPY (June 2010 ex-dividends), click to enlarge

Next 2015 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

Updated: Nov 5th, 2015 | Vance Harwood

SPY’s next ex-dividend date will be Friday, December 18th. Based on historical data I’m predicting the dividend will be $1.23 per share which will be paid out on the 29th of January 2016. The two other big S&P 500 ETFs, VOO and IVV  will go ex-dividend around the same time, VOO the day before on December 17th (estimated) and IVV on the 24th. VOO and IVV are much quicker distributing dividends—both pay out within a week of their ex-dividend dates. My estimated dividends for those ETFs are $1.10 (VOO) and $1.35 (IVV).

SPY is the largest ETF in the world, currently with $177 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 $70 billion and $35 billion in assets.  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 the future dates for VOO are just estimates.

Ticker Next Ex-dividend Next Pay date September Dividend Esitmated DecemberS Dividend
SPY 18-Sept-2015 30-Oct-15 $1.033   $1.23
IVV 25-Sept-2015 1-Oct-15 $1.082  $1.35
VOO 21-Sept-2015 25-Sept-15  $0.953  $1.10

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 2015 Ex-Dividend Dates
Ticker Q1 Q2 Q3 Q4
SPY 20-Mar-15 19-Jun-15 18-Sep-15 18-Dec-15 29-Dec-15 (potential cap gains)
IVV 25-Mar-15 24-Jun-15 25-Sep-15 24-Dec-15 29-Dec-15 (potential cap gains)
VOO 23-Mar-15 22-Jun-15 21-Sep-15 17-Dec-15 (est)
Pay / Distribution Dates
SPY 30-Apr-15 31-Jul-15 30-Oct-15 29-Jan-16 29-Jan-16 (potential cap gains)
IVV 31-Mar-14 30-Jun-15 1-Oct-15 31-Dec-15 5-Jan-16 (potential cap gains)
VOO 27-Mar-14 26-Jun-15 25-Sep-15 23-Dec-15 (est)

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 2009. Click on graph to enlarge.

Why 14.5 is the right PE ratio for the S&P 500 Interested in SPY dividend capture?

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