Next 2017 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends


Updated: Jun 25th, 2017 | Vance Harwood | @6_Figure_Invest

SPY went ex-dividend Friday, June 16th, 2017  with a dividend of  $1.18311 per share. Its distribution payout will be on July 27th,2017.  VOO, one of the other two big S&P 500 ETFs, went ex-dividend the 23rd of June with a dividend of $1.01/ share and IVV will go ex-dividend on the 27th of June with a dividend of around $1.17/ share. VOO and IVV are much faster to distribute the dividends—both pay out within a week of their ex-dividend dates. IVV and VOO reinvest dividends into their constituent stocks until the payout date arrives. SPY is restricted by its Unit Investment Trust legal structure to hold dividends in cash until they are paid out.

SPY is the largest ETF in the world, currently with $229 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 $111 billion and $68 billion in assets respectively. 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 future dates for VOO are just estimates.

Ticker Next Ex-dividend Next Pay date March Dividend June Dividend
SPY 16-Jun-2017 27-Jul-2017  $1.03312 $1.18311
IVV 27-Jun-2017 30-Jun-2017  $1.032  $1.13 (est)
VOO 23-Jun-2017 29-Jun-2017 $0.998 $1.01


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 2016 Ex-Dividend Dates
Ticker Q1 Q2 Q3 Q4
SPY 17-Mar-17 16-Jun-17 15-Sep-17 15-Dec-17 27-Dec-17 (potential cap gains)
IVV 24-Mar-17 27-Jun-17 26-Sep-17 20-Dec-17 29-Dec-17  (potential cap gains)
VOO 24-Mar-17 23-Jun-17 13-Sep-17 (est) 22-Dec-17 (est)
Pay / Distribution Dates
SPY 28-Apr-17 27-Jul-17 31-Oct-17 31-Jan-18 31-Jan-18 (potential cap gains)
IVV 30-Mar-17 30-Jun-17 29-Sep-17 26-Dec-17 4-Jan-18 (potential cap gains)
VOO 28-Mar-17 29-Jun-17 19-Sep-17 (est) 29-Dec-17 (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 2010. Click on the graph to enlarge.

 

 

 

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Sunday, June 25th, 2017 | Vance Harwood
  • Ray Seakan

    I was told by the representative at SPDR that the SPY ex dividend date for March 2011 is the 18th. The 19th is a Saturday.

  • vance3h

    Hi Ray,

    Thank you very much for giving me the heads up. I have corrected my information.

    — Vance

  • Thanks for your informative article.

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  • Anon

    Thanks, needed to know the divy, and this was the only place I could find it!

  • Jasongg

    anybody have a good estimate for the SPY dividend for the Q4?

  • vance3h

    Hi Jason, Don’t know how accurate you need to be. Based on historical data / trends I’m estimating $0.84 per share.

    — Vance

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  • David

    Why is there a potential date for the SPY ex dividend of 27th December? Is there a possibility it’s not the 20th? Thanks.

  • The 27th is a potential capital gains distribution. Very unlikely. The 20th is definitely the regular ex-div date.
    –Vance

  • HappyJack

    The article says the ex-dividend is Friday May 17, 2016. Is that a typo? Did you mean June 17th, 2016?

  • Sorry. Should have been been June. Fixed. Thanks!

  • Otto Adams

    IVV dividends of $0.99 for June 2016 – What happened?

  • Mike Kano

    I’m seeing some data which indicates the SPY dividend could be as high as $1.38 per share. We’ll know soon enough.

  • Richard D.

    Above you said “You can sell on the ex-dividend date if you want and still collect the dividend when the distribution / pay date arrives.” Don’t you have to hold through the record date which is typically around 4 days after the x-div date?

  • Annie Pickett

    The stock may appear in your account on the same day, but the settlement date is in the future so you need to buy it a few days before the ex-dividend date. Not just the day before.

  • Annie Pickett

    If you regularly short options on your stock/ETF, be aware that the counter-party could exercise the options to be assigned the shares. This way of acquiring shares also makes the new owner eligible to receive the dividend.

    My account’s functionality is limited so I can’t see when my shorted options have been exercised so I don’t know if I am receiving the dividend or not.

  • No. With the T+3 settlement process (which is going to become T+2 in September 2017) Shares that are purchased before the ex-dividend date are still officially owned by you on the record date–which is the date that matters. The record date is 2 business days past the ex-dividend date.

  • Sorry Annie, not true. The record date is 2 business days after the ex-dividend date so stocks purchased the day before the ex-dividend date have met the T-3 day requirement for settlement and are eligible for the dividend.