Dividend capture by buying SPY and shorting IVV?

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 …

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Next 2021 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

SPY went ex-dividend Friday, September 17th, 2021 with a dividend of $1.428 per share.  SPY’s next distribution payout will be on October 29th, 2021—yes the SPDR folks take their time delivering the dividend.  iShares’ IVV, one of the other two big S&P 500 ETFs, will go ex-dividend on the 24th of September with a dividend I’m estimating at of $1.43 per share.  I’m estimating Vanguard’s …

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