SPY Dividend

Bear Plunger · Dec 2, 2008

Is the SPDRS ETF just a like a stock where if you short over ex-dividend date you have to pay the dividend?

Has anyone held the SPY short over the ex-dividend date?

jeb9999 · Dec 2, 2008

And exactly why would SPY be different from any other stock that pays a dividend?

Bear Plunger · Dec 2, 2008

Quote from jeb9999:

And exactly why would SPY be different from any other stock that pays a dividend?

In other words you don't know the answer.

jeb9999 · Dec 2, 2008

Quote from Bear Plunger:

In other words you don't know the answer.

No, it is just that the answer is so obvious one has to wonder why the question would even be asked, hence my question to you.

How about I ask another question. Where exactly is the money going to come from to pay the dividend to the owner of the SPY shares that you shorted?

riskfreetrading · Dec 2, 2008

Quote from Bear Plunger:

Is the SPDRS ETF just a like a stock where if you short over ex-dividend date you have to pay the dividend?

Has anyone held the SPY short over the ex-dividend date?

Typically, they pay it at end of quarter. In meantime, they accumulate dividends of components.

Bear Plunger · Dec 2, 2008

Quote from riskfreetrading:

Typically, they pay it at end of quarter. In meantime, they accumulate dividends of components.

Thanks. Do you know what happens in regards to the dividend with you go long the short ETF mirror image of the SPY?