Most ETFs with monthly payouts (e.g., AGG, IEF) go ex-dividend 1-Dec (week from Tuesday), so I will be looking at some dividend capture plays for them. Last month's IEF dividend capture took over 3 weeks to play out, and some days I was a point or more in the red. Even though the position ended up at the maximum profit I'd rather not repeat that level of exposure--I do expect interest rates to start going up pretty soon.
AGG recent price 105 last dividend .32
IEF recent price 92 last dividend . 26
AGG recent price 105 last dividend .32
IEF recent price 92 last dividend . 26
I will also be looking at a JNK dividend capture with an inverse SPY (SH or SDS) as a hedge. I've noticed that JNK is surprising well correlated with the S&P 500 index.
JNK recent price 38 last dividend .38
JNK recent price 38 last dividend .38
In addition I'll investigate buying DVY in late December (ex-dividend 23-Dec) with an inverse DOW as a hedge. It had a $0.39/shr payout last September (it closed Friday at 42.67) - and effective annual yield of ~3.8%
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