SPDR S&P 500 ETF Declares $1.59494 Dividend, Ex-Date March 15

The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has declared a cash dividend of USD 1.59494 per share. The ex-dividend date is set for March 15, 2024, with the dividend payable by April 30, 2024. This announcement is part of the ETF’s regular dividend distribution strategy, aiming to provide returns to its shareholders.

SPY, currently valued at USD 514.95, has shown a notable year-to-date yield of 8.95%, equating to a gain of USD 42.30 per share. This performance reflects the ETF’s consistent endeavor to mirror the S&P 500 Index’s yield and growth, positioning itself as a pivotal option for investors seeking exposure to U.S. equity markets.

SPY Dividend History

Historically, SPY’s dividends have fluctuated, with the previous quarterly distributions ranging from USD 1.28 to USD 1.91 per share over the past three years. These adjustments are reflective of underlying market conditions and the performance of the constituents of the S&P 500 Index.

Ex/EFF Date	Cash Amount	Payment Date
12/15/2023	$1.91	01/31/2024
09/15/2023	$1.58	10/31/2023
06/16/2023	$1.64	07/31/2023
03/17/2023	$1.51	04/28/2023
12/16/2022	$1.78	01/31/2023
09/16/2022	$1.60	10/31/2022
06/17/2022	$1.58	07/29/2022
03/18/2022	$1.37	04/29/2022
12/17/2021	$1.64	01/31/2022
09/17/2021	$1.43	10/29/2021
06/18/2021	$1.38	07/30/2021
03/19/2021	$1.28	04/30/2021
12/18/2020	$1.58	01/29/2021
09/18/2020	$1.34	10/30/2020
06/19/2020	$1.37	07/31/2020
03/20/2020	$1.41	04/30/2020
12/20/2019	$1.57	01/31/2020
09/20/2019	$1.38	10/31/2019
06/21/2019	$1.43	07/31/2019
03/15/2019	$1.23	04/30/2019
12/21/2018	$1.44	01/31/2019
09/21/2018	$1.32	10/31/2018
06/15/2018	$1.25	07/31/2018
03/16/2018	$1.10	04/30/2018
12/15/2017	$1.35	01/31/2018
09/15/2017	$1.23	10/31/2017
06/16/2017	$1.18	07/31/2017
03/17/2017	$1.03	04/28/2017
12/16/2016	$1.33	01/31/2017
09/16/2016	$1.08	10/31/2016
06/17/2016	$1.08	07/29/2016
03/18/2016	$1.05	04/29/2016
12/18/2015	$1.21	01/29/2016
09/18/2015	$1.03	10/30/2015
06/19/2015	$1.03	07/31/2015
03/20/2015	$0.93	04/30/2015
12/19/2014	$1.13	01/30/2015
09/19/2014	$0.94	10/31/2014
06/20/2014	$0.94	07/31/2014
03/21/2014	$0.82	04/30/2014
12/20/2013	$0.98	01/31/2014
09/20/2013	$0.84	10/31/2013
06/21/2013	$0.84	07/31/2013
03/15/2013	$0.69	04/30/2013
12/21/2012	$1.02	01/31/2013
06/15/2012	$0.69	07/31/2012
03/16/2012	$0.61	04/30/2012
12/16/2011	$0.77	01/31/2012
09/16/2011	$0.62	10/31/2011
06/17/2011	$0.63	07/29/2011
03/18/2011	$0.55	04/29/2011
12/17/2010	$0.65	01/31/2011
09/17/2010	$0.60	10/29/2010
06/18/2010	$0.53	07/30/2010
03/19/2010	$0.48	04/30/2010

Based on the updated dividend history table for the SPDR S&P 500 ETF Trust (SPY), the following information can be highlighted:

1. Trend of Increasing Dividends: Over the past decade, SPY has shown a consistent trend of increasing its cash dividend payouts, illustrating the fund’s strong performance and commitment to delivering value to its shareholders. For instance, the cash dividend amount has seen growth from $0.48 in March 2010 to $1.59494 in the most recent announcement.
2. Consistent Quarterly Payouts: SPY has maintained a reliable schedule of quarterly dividend payments, underlining its stability and reliability as an investment option. This consistency is crucial for investors who prioritize regular income alongside capital appreciation.
3. Recent Dividend Payouts: The latest dividend payout of $1.59494 marks a continuation of this upward trend, although it varies from previous quarters, reflecting the dynamic nature of the fund’s performance and dividend strategy. For example, the dividend amount has fluctuated over the recent quarters, from $1.91 in December 2023 to $1.58 in September 2023, and now to $1.59494.
4. Historical Context: Looking back, the dividends have not only increased but also demonstrated resilience during various market conditions. This historical performance can offer investors insight into the fund’s ability to generate income over time.

Spy Dividend Chart

Here’s an up-to-date chart visualizing the SPY’s dividend history. It showcases the cash amount of dividends over time, highlighting the trend of increasing dividend payouts and the fund’s consistent performance.

Investors and analysts often scrutinize dividend announcements for insights into a fund’s financial health and the broader economic environment. As such, this recent declaration by SPY is anticipated to be of significant interest, especially considering the ETF’s performance and the current economic climate.

S&P 500 Average Annual Return

For context on the SPDR S&P 500 ETF Trust’s performance and the broader market’s historical returns, it’s valuable to consider the S&P 500’s average annual return. An insightful analysis on MoneyRants.com sheds light on the index’s returns since 1928, exploring factors that influence these outcomes and the implications for investors. This perspective is crucial for understanding the ETF’s position within the wider market trends.