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 2020 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

SPY went ex-dividend Friday, December 18th, 2020 with a dividend of $1.58 per share.  The economic consequences of COVID-19 had a significant impact on the September dividend but less on the December dividend with Q4 2020 dividend being essentially the same as last year’s Q4. SPY’s next distribution payout will be on January 29th, 2021—yes the SPDR folks take their time delivering the dividend.  iShares’ IVV, …

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