The iShares S&P 500 ETF (ASX: IVV) is not an exchange-traded fund (ETF) that has a strong reputation for dividend income. Covering the S&P 500 Index on the US markets, this ASX ETF holds 500 of the largest companies listed in America.
You'll find everything from Apple, Microsoft, and Amazon to Exxon Mobil, Costco, and Tesla here in this ETF. As well as American Express, Coca-Cola, and Kraft Heinz.
US shares are not known for their high dividends, which of course don't come with franking credits either. But the S&P 500 Index still has a robust dividend record and, as such, so does the iShares S&P 500 ETF.
This fund actually pays out a dividend distribution every quarter, not every six months, as is the norm here in Australia.
When is the iShares S&P 500 ETF's latest dividend distribution?
The iShares S&P 500 ETF's next dividend distribution is coming soon too. How soon? Well, investors can look forward to their next quarterly payout on 5 January. But if they wish to receive it, any new investors had better be quick. This ETF is scheduled to trade ex-distribution tomorrow, 21 December.
That means that any investor who doesn't own iShares S&P 500 ETF units by the end of today's trading session will be ineligible for this latest dividend distribution.
This is the iShares first dividend distribution payment since this ETF's recent stock split. The fund split its units in a 15-to-1 unit division earlier this month.
iShares only released exactly how much investors can expect from this latest payout this morning. Unitholders can look forward to receiving a payment worth 12.63 cents per unit on 5 January. That will bring this ETF's total distributions for the past 12 months to 53.6 cents per share on a post-split basis.
This total gives the iShares S&P 500 ETF a trailing dividend distribution yield of 1.4% on the current unit price of $38.15 (at the time of writing).
