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.



Dividend capture by buying SPY and shorting IVV?

Thursday, March 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

Tuesday, August 18th, 2015 | Vance Harwood
 

SPY’s next ex-dividend date will be on Friday, September 18th.  Based on historical results I’m estimating a dividend of $1.05 per share, which will payout the 30th of October.  The two other big S&P 500 ETFs, VOO and IVV  will go ex-dividend a few days later September 21st (estimated) and 25th respectively.  They are much quicker distributing dividends—both pay out within a week of their ex-dividend dates.

SPY is the largest ETF in the world, currently with $176 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—the three biggest S&P 500 index ETFs.  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 June Dividend Estimated
September Dividend
SPY 18-Sept-2015 30-Oct-15 $1.03   $1.05
IVV 25-Sept-2015 1-Oct-15 $1.18  $1.19
VOO 21-Sept-2015 (est) 25-Sept-15 (est)  $0.902  $0.91


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 (est) 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 (est) 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.

SPY-DIV-Chart-18-Aug15

SPY-DIV-Table-18-Aug15
Why 14.5 is the right PE ratio for the S&P 500 Interested in SPY dividend capture?




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