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 2014 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

Tuesday, June 24th, 2014 | Vance Harwood
 

SPY went ex-dividend Friday, June 20th, 2014.  VOO and IVV will go ex-dividend on the 23rd and 24th respectively.  SPY’s dividend will be $0.93669 per share  The dividend (about a billion dollars worth overall) will be distributed on the 31st of July—yes, SPDR holds onto the dividend payout money for over 4 weeks after the ex-dividend date. SPY is the largest ETF in the world, currently with $166 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 $58 billion and $20 billion in assets. Vanguard recently reverse split VOO to bring its transaction costs closer to SPY and IVV. 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 dates for VOO are just estimates.

Ticker Next Ex-dividend Next Pay date Mar Dividend June Dividend
SPY 20-Jun-2014 31-Jul-2014    $0.82461   $0.93669
IVV 24-Jun-2014 30-Jun-2014    $0.8305   $0.915264
VOO 23-Jun-2014 27-Jun-2014 (est)   $0.779   $0.809


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 2014 Ex-Dividend Dates
Ticker Q1 Q2 Q3 Q4
SPY 21-Mar-14 20-Jun-14 19-Sep-14 19-Dec-14 29-Dec-14 (potential cap gains)
IVV 25-Mar-14 24-Jun-14 24-Sep-14 24-Dec-14 29-Dec-14 (potential cap gains)
VOO 24-Mar-14 23-Jun-14 (est) 22-Sep-14 (est) 23-Dec-14 (est)
Pay / Distribution Dates
SPY 30-Apr-14 31-Jul-14 31-Oct-14 30-Jan-15 30-Jan-15 (potential cap gains)
IVV 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 5-Jan-14 (potential cap gains)
VOO 28-Mar-14(est) 27-Jun-14 (est) 26-Sep-14 (est) 30-Dec-14 (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 2004. Click on graph to enlarge.

SPY-Aug13Hist


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

Looking for ex-dividend information for other ETFs?   Check this page. An overview of Six Figure Investing

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