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 2018 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

SPY went-dividend Friday, December 21st, 2018 with a dividend of $1.435 /share.  SPY’s distribution payout will be on January 31st, 2019—yes the SPDR folks take their time delivering the dividend.  Vanguard’s VOO, one of the other two big S&P 500 ETFs, went ex-dividend on the 17th of December with a dividend of $1.289/ share.  iShares’ IVV, went ex-dividend on the 17th of December with a dividend of $1.442/ share. VOO and …

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