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 2023 SPY, VOO, IVV Ex-Dividend Dates and Estimated Dividends

SPY’s fourth-quarter dividend will be a record high $1.906 per share. The Q4 ex-dividend date is Friday, December 15th, 2023.  SPY’s next distribution payout will be on Jan 31st, 2024—yes the SPDR folks take their time delivering the dividend. I’m estimating that iShares’ IVV, one of the other two big S&P 500 ETFs, will have a Q4 dividend of $1.80 per share. I’m estimating Vanguard’s …

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