2023 Ex-div& Paydate: IJH IJJ IJK IJR IJS IJT ISI IVE IVV IVW OEF HDV

2023 Ex-Dividend Dates for:  IGE, IGV, IGM, IGN, IJH, IJJ, IJK, IJR, IJS, IJT, ITOT, IVE, IVV, IVW, OEF, SOXX The Ex-Dividend and Pay Date information below is based on Ishares distribution schedule. iShares® Exchange Traded Funds – S&P Domestic, S&P North American and PHLX Funds 2023 Ex-Dividend Dates Q1 Q2 Q3 Q4 23-Mar 7-Jun 26-Sep 20-Dec 28-Dec (potential cap gains) Pay / Distribution Dates …

Read more

DIA Dividend Capture–close out

My DIA dividend capture position was assigned last night as expected, for a net profit of $0.27 per share.  Since my DIA position was called before the dividend was distributed I won’t actually get the dividend (which I am estimating to be $0.25), but my net profit is slightly more with considerably less risk than just buying DIA and holding to ex-dividend.   The image …

Read more

Feb 2010 DIA dividend capture

Bought DIA at 101.17, sold-to-open Feb 99 calls at 2.44 — both with market orders, for a net debit of 98.73.    Pretty frustrating morning– tried to do buy-writes first thing today with a net debit amount, but I  never got a fill, even though I was splitting the ask/bid price or slightly more generous on the options (97 calls at that point).  I don’t …

Read more

DIA dividend capture

The SPDR Dow Diamond ETF is an interesting candidate for a dividend capture strategy–if you can do it in a tax sheltered account such as a traditional or ROTH IRA.   On an annual basis is it yielding around 2% and it distributes dividends monthly.  Its dividend payouts are not consistent month to month, they vary from an average of  $0.11 in January over the last 5 years, to and average of $0.33 in October.  The chart below gives details.   February’s average payout is around $0.25, which is pretty close to a .25% return since the DIA is around $100 per share right now.

DIA is unusual for a index ETF offering monthly dividends, in that its ex-dividend dates are the day before the option expiration date for that month.  For example DIA goes ex-dividend on 19-February and the last day of trading on the options is also the 19th with expiration on Saturday the 20th.

This arrangement sets up a straightforward dividend capture scheme using covered calls.   You buy DIA and sell DIA ITM calls, with an extrinsic  value (time value) of approximately the dividend value (historically about 0.25 for February).  At closing today, with DIA at $101.5, this would suggest the 98 Feb call, which at $3.75 would give the target extrinsic value.  The break-even point on this position will probably be 101.5-3.75 =97.75.  I say probably, because there is uncertainty on whether you collect the 0.25 per share dividend or not.

Read more

2023 Ex-Dividend & Paydate / Distribution information for ETFs

I have collected dividend, ex-dividend, paydate/ distribution information for 2023 on the following ETFs. Alerian  AMLP Invesco  Quarterly Group I:  EWEM  EWMC  EWRE  EWSC  OEW  RCD  RFG  RFV  RGI  RHS  RPG  RPV  RZG  RZV  RSP  RTM  RYE  RYF  RYH  RYT  RYU  XLG iShares iShares:  AGG  CMF  CSJ  HYG  IEF  IEI  IGOV  ISHG  LQD  PFF  SHV  SHY  TIP  TLH  TLT iShares:  AGZ  CFT  CIU  EMB  GBF  …

Read more