SPY went ex-dividend Friday, March 18th, 2016 with a dividend of $1.0496 / share (my estimate was $1.06).
The payout will be on April 29th.
The two other big S&P 500 ETFs, VOO and IVV will go ex-dividend a few days later—on March 23rd (VOO’s date is an estimate).
VOO and IVV are much faster to distribute the dividends—both pay out within a week of their ex-dividend dates.
IVV and VOO reinvest dividends from their underlying stocks until the payout date arrives.
SPY is restricted by its Unit Investment Trust legal structure to hold dividends in cash until they are paid out.
SPY is the largest ETF in the world, currently with $179 billion in assets under management. The next two largest ETFs that track the S&P 500 are iShare’s IVV and Vanguard’s VOO—currently with $70 billion and $35 billion in assets.
--- they screwed charts and all kind of other things, so I suppose they love it
The charts prior to today went down with the dividend amount, thus lowered by 1.0496 (like 205 never hit?)
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