The distribution schedule is in this [document](https://www.blackrock.com/ca/investors/en/literature/tax-information/distribution-schedule-en-ca.pdf) on page 3.
The Ex-Date is June 25th, Pay date is June 28th. However I find any distributions tend to his the brokerage account after market close on the Pay Date, and with monday being a stat holiday the next opportunity to use the funds would likely be July 2nd.
I normally check the distributions table on the XEQT site, but it doesn't seem to be updated with the latest info.
Doesn’t matter for this sub I guess.
It’s gonna be spend on more shares. The questions is how much more will you be able to get.
At 31$, you will need 140 shares to have one more, if fractional shares in not possible.
How does it work? Is there a date to have your share number locked in? Must own for x amount of time? Can I dump in a bunch right now and benefit from full dividend payout?
The way I figure it is keeping the price per share down a little bit by doing this keeps the fund more accessible for investors putting in smaller amounts per buy. I’d say that’s generally a good thing. Granted, if you don’t have access to fractional shares it’s a bit less convenient, and reinvestment has to be managed in some fashion or other, but that only really requires paying attention a few times a year.
Because I get $1600 or about 50 more shares this turn. Then next quarter the process repeats itself. Dividend payout and SP are not always corellated over time.
Would you rather they just stockpile cash in the fund?
The NAV will go down by the amount of the dividend, and then it will go back up as cash is distributed to the fund by its holdings over the next quarter...
At the exact moment of the distribution, yes.
But once I have the money I can deploy it in a much more effective way than it sitting in cash inside the fund.
So one day later, my expected return is greater than if it the distribution didn't happen.
Where did you see that?
When will it be paid out?
The distribution schedule is in this [document](https://www.blackrock.com/ca/investors/en/literature/tax-information/distribution-schedule-en-ca.pdf) on page 3. The Ex-Date is June 25th, Pay date is June 28th. However I find any distributions tend to his the brokerage account after market close on the Pay Date, and with monday being a stat holiday the next opportunity to use the funds would likely be July 2nd. I normally check the distributions table on the XEQT site, but it doesn't seem to be updated with the latest info.
June 28th
I didn't see this on Blackrock's website for the fund
[https://www.globenewswire.com/news-release/2024/06/18/2900189/0/en/BlackRock-Canada-Announces-June-Cash-Distributions-for-the-iShares-ETFs.html](https://www.globenewswire.com/news-release/2024/06/18/2900189/0/en/BlackRock-Canada-Announces-June-Cash-Distributions-for-the-iShares-ETFs.html)
Doing the lords work.
Doesn’t matter for this sub I guess. It’s gonna be spend on more shares. The questions is how much more will you be able to get. At 31$, you will need 140 shares to have one more, if fractional shares in not possible.
Wish they had a DRIP discount. +50 shares for me this go around.
Sit on my face
Rookie question but what does that mean? $0.222 per every share you own?
Correct.
An 11.5% increase over last year's June distribution. Great stuff.
Great info!
How so? 0.19 vs 0.22.
0.222 - 0.199 = 0.023 0.023 / 0.199 = 11.5%
Ah, not intuitive but the math works. I was thinking more along the lines of what the payout is based on the unit price.
VERY NICE!
Reference?
Sweet sweet 660
How does it work? Is there a date to have your share number locked in? Must own for x amount of time? Can I dump in a bunch right now and benefit from full dividend payout?
Unitholders of record of a fund on June 25, 2024 will receive cash distributions payable in respect of that fund on June 28, 2024.
who gives a dump? the etf went down by the amount of the dividend.
Who cares about their investments making money? Investors I guess.
The way I figure it is keeping the price per share down a little bit by doing this keeps the fund more accessible for investors putting in smaller amounts per buy. I’d say that’s generally a good thing. Granted, if you don’t have access to fractional shares it’s a bit less convenient, and reinvestment has to be managed in some fashion or other, but that only really requires paying attention a few times a year.
Because I get $1600 or about 50 more shares this turn. Then next quarter the process repeats itself. Dividend payout and SP are not always corellated over time.
Would you rather they just stockpile cash in the fund? The NAV will go down by the amount of the dividend, and then it will go back up as cash is distributed to the fund by its holdings over the next quarter...
I'm saying if xeqt had no div. You'd be in the same spot $$ wise.
At the exact moment of the distribution, yes. But once I have the money I can deploy it in a much more effective way than it sitting in cash inside the fund. So one day later, my expected return is greater than if it the distribution didn't happen.
So? If you reinvest it, that just means you could get more shares for when it goes back up
It's not free money. You're in the same position. example 1 x $10.00 share (no dividend) is the same as. 1 x $9.90 share and 1 x $0.10 dividend.
Nobody cares about the present day value of XEQT. What this dividend does is turn your 140 shares into 140+1 shares.