Baxter International (BAX) Dividend Capture: 0.05% per event (1.2% annualized)
Baxter International (BAX) has touched its pre-ex close within 30 trading days in 95% of the last 20 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.24), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, BAX sits roughly in line with the Healthcare sector benchmark of 100%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next confirmed ex-dividend date is May 29, 2026, with an expected dividend of $0.01.
- Touch rate (30d)
- 95%-5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.24+0.09 vs sector
Recovery engine
TL;DR over the most recent 20 events.
- 30-day touch rate
- 95%-5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise (div / ATR)
- 0.24+0.09 vs sector
- Avg gap on ex-date
- -0.33%in line with sector
- Win rate at MOC exit
- 50%
- Median drawdown during hold
- -5.13%-0.75pp vs sector
- Best / worst touch (days)
- 1 / 6
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $0.01
- Per-event yield
- 0.05%
- Annualized yield
- 1.19%
- Previously paid
- Feb 27, 2026 ($0.01)
- Last record date
- Feb 27, 2026
- Last payment date
- Apr 1, 2026
How BAX ranks in Healthcare
Compared with other stocks in this sector that pass our capture-quality filter (40 tickers). Lower rank number is better on every metric below.
- 30-day touch rate#22of 40
Beats ~45% of peers on this metric
- Median days to touch#1of 40
Beats ~98% of peers on this metric
- Signal-to-noise#16of 40
Beats ~60% of peers on this metric
BAX Dividend Capture History — Last 20 Ex-Dividend Events
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday high at or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for Baxter International (BAX). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 | $0.01 | -0.83% | $20.36 | 1 | yes | yes | -16.50% | -13.06% | |
| Q4 | $0.01 | -1.00% | $18.91 | 2 | yes | yes | -5.24% | -1.90% | |
| Q3 | $0.17 | -0.61% | $24.40 | 1 | yes | yes | -5.25% | -0.57% | |
| Q2 | $0.17 | -1.11% | $30.70 | 6 | no | yes | -5.02% | -0.88% | |
| Q1 | $0.17 | -0.43% | $35.10 | 1 | yes | yes | -3.13% | +4.67% | |
| Q4 | $0.17 | -0.60% | $33.31 | 1 | yes | yes | -7.63% | -4.02% | |
| Q3 | $0.29 | -0.52% | $38.16 | 1 | yes | yes | -2.70% | +3.56% | |
| Q2 | $0.29 | -0.60% | $33.43 | 1 | yes | yes | -2.84% | +0.06% | |
| Q1 | $0.29 | -0.39% | $41.56 | 3 | yes | yes | -3.10% | +5.34% | |
| Q4 | $0.29 | -0.63% | $36.40 | 1 | yes | yes | -2.14% | +1.15% | |
| Q3 | $0.29 | -0.36% | $41.97 | >30 | no | no | -9.48% | -7.17% | |
| Q2 | $0.29 | -0.37% | $40.72 | 1 | yes | yes | -1.23% | +2.23% | |
| Q1 | $0.29 | -0.90% | $41.01 | 1 | yes | yes | -5.85% | -2.68% | |
| Q4 | $0.29 | -0.05% | $56.53 | 1 | yes | yes | -9.99% | -6.40% | |
| Q3 | $0.29 | -0.91% | $57.46 | 4 | yes | yes | -5.24% | +4.11% | |
| Q2 | $0.29 | 0.04% | $74.47 | 1 | yes | yes | -10.15% | -2.89% | |
| Q1 | $0.28 | -0.96% | $85.74 | 2 | yes | yes | -7.56% | -0.31% | |
| Q4 | $0.28 | -0.25% | $75.08 | 1 | yes | yes | -0.40% | +7.67% | |
| Q3 | $0.28 | 4.38% | $77.60 | 1 | yes | yes | 3.35% | +4.64% | |
| Q2 | $0.28 | -0.58% | $81.60 | 1 | yes | yes | -1.64% | +3.39% |
Q1
- Dividend
- $0.01
- Gap %
- -0.83%
- Pre-ex close
- $20.36
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -16.50%
- P&L 5d %
- -13.06%
Q4
- Dividend
- $0.01
- Gap %
- -1.00%
- Pre-ex close
- $18.91
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.24%
- P&L 5d %
- -1.90%
Q3
- Dividend
- $0.17
- Gap %
- -0.61%
- Pre-ex close
- $24.40
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.25%
- P&L 5d %
- -0.57%
Q2
- Dividend
- $0.17
- Gap %
- -1.11%
- Pre-ex close
- $30.70
- High touch (td)
- 6
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -5.02%
- P&L 5d %
- -0.88%
Q1
- Dividend
- $0.17
- Gap %
- -0.43%
- Pre-ex close
- $35.10
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.13%
- P&L 5d %
- +4.67%
Q4
- Dividend
- $0.17
- Gap %
- -0.60%
- Pre-ex close
- $33.31
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.63%
- P&L 5d %
- -4.02%
Q3
- Dividend
- $0.29
- Gap %
- -0.52%
- Pre-ex close
- $38.16
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.70%
- P&L 5d %
- +3.56%
Q2
- Dividend
- $0.29
- Gap %
- -0.60%
- Pre-ex close
- $33.43
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.84%
- P&L 5d %
- +0.06%
Q1
- Dividend
- $0.29
- Gap %
- -0.39%
- Pre-ex close
- $41.56
- High touch (td)
- 3
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.10%
- P&L 5d %
- +5.34%
Q4
- Dividend
- $0.29
- Gap %
- -0.63%
- Pre-ex close
- $36.40
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.14%
- P&L 5d %
- +1.15%
Q3
- Dividend
- $0.29
- Gap %
- -0.36%
- Pre-ex close
- $41.97
- High touch (td)
- >30
- Recovered 5d
- no
- Recovered 30d
- no
- Drawdown
- -9.48%
- P&L 5d %
- -7.17%
Q2
- Dividend
- $0.29
- Gap %
- -0.37%
- Pre-ex close
- $40.72
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.23%
- P&L 5d %
- +2.23%
Q1
- Dividend
- $0.29
- Gap %
- -0.90%
- Pre-ex close
- $41.01
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.85%
- P&L 5d %
- -2.68%
Q4
- Dividend
- $0.29
- Gap %
- -0.05%
- Pre-ex close
- $56.53
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -9.99%
- P&L 5d %
- -6.40%
Q3
- Dividend
- $0.29
- Gap %
- -0.91%
- Pre-ex close
- $57.46
- High touch (td)
- 4
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -5.24%
- P&L 5d %
- +4.11%
Q2
- Dividend
- $0.29
- Gap %
- 0.04%
- Pre-ex close
- $74.47
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -10.15%
- P&L 5d %
- -2.89%
Q1
- Dividend
- $0.28
- Gap %
- -0.96%
- Pre-ex close
- $85.74
- High touch (td)
- 2
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.56%
- P&L 5d %
- -0.31%
Q4
- Dividend
- $0.28
- Gap %
- -0.25%
- Pre-ex close
- $75.08
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.40%
- P&L 5d %
- +7.67%
Q3
- Dividend
- $0.28
- Gap %
- 4.38%
- Pre-ex close
- $77.60
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 3.35%
- P&L 5d %
- +4.64%
Q2
- Dividend
- $0.28
- Gap %
- -0.58%
- Pre-ex close
- $81.60
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.64%
- P&L 5d %
- +3.39%
BAX Pre-Ex Touch Time Distribution
- ≤ 1 day1470%
- 2–3 days315%
- 4–5 days15%
- 6–10 days15%
- 11–30 days00%
- 30+15%
70% within 1d · 90% within 5d · 95% within 30d
BAX Dividend Capture Calculator — After-Tax Yield
Pre-filled with BAX's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
Holding shorter than the IRS 61-day rule disqualifies the dividend from “qualified” status — it is taxed as ordinary income at your marginal rate. Adjust Tax % accordingly.
- Gross dividend
- $2.00
- After-tax dividend
- $1.30
- Slippage round-trip
- -$4.07
- Net if price returns to pre-ex
- $-2.77
- Required recovery to break even
- 0.07%
- Per-event after-tax yield
- -0.07%
- Annual if all succeed
- ~-3.4%
BAX Dividend Capture Backtest Simulator
Replay every historical BAX ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close (limit-order P&L on first intraday touch), or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan and see realized P&L per event.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · BAX (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| +0.34% | |
| +0.36% | |
| +0.37% | |
| +0.33% | |
| +0.39% | |
| +0.50% | |
| +0.51% | |
| +0.71% | |
| +0.71% | |
| -7.17% | |
| +0.80% | |
| +0.70% | |
| +0.87% | |
| +0.76% | |
| +0.51% | |
| +0.48% | |
| -0.88% | |
| +0.70% | |
| +0.05% | |
| +0.05% |
Looking for full price seasonality? See BAX seasonality →
Frequently asked questions
What is the dividend capture success rate for BAX?
Across the last 20 ex-dividend events for Baxter International (BAX), the post-ex intraday high reached the pre-ex close within 30 trading days in 95% of cases, with a median time-to-touch of 1 trading day. We measure recovery via intraday high because that is when a GTC limit-order at the pre-ex close would actually fill, ending the trade at break-even with the dividend pocketed.
How long does it take BAX to recover its dividend gap?
Historically, BAX touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 6 trading days within our 30-day measurement window. A stricter close-based recovery (mark-to-MOC) is also computed in the database; explore it with the per-ticker simulator’s “Hold N days, exit MOC” mode rather than in the event table.
Is the dividend on BAX large enough to capture?
BAX has a signal-to-noise ratio of 0.24 (dividend / 14-day ATR). Values above 1.0 indicate the dividend is larger than the typical daily price swing, making capture trades more viable; below 0.5 means typical daily noise can easily wipe out the gain.
When is the next ex-dividend date for BAX?
The next ex-dividend date for Baxter International (BAX) is May 29, 2026, confirmed (declared by the company).
How does BAX compare to its sector for dividend capture?
Within Healthcare, the median 30-day pre-ex touch rate is 100%. BAX sits at 95% — at or below the sector benchmark.
Why does BAX dividend capture measure recovery via intraday high, not close?
A realistic capture trade exits via a GTC limit-order at the pre-ex close: the moment the post-ex intraday high touches that level, the order fills and the trader pockets the dividend at break-even. Measuring recovery via close is stricter (mark-to-MOC); we expose that path in the per-ticker simulator as the "Hold N days, exit MOC" mode. The high-based primary metric directly answers the trader-facing question "would my limit have filled?" — close-based answers "would I have been flat at the bell?".
How are dividend capture trades taxed in the US?
Holding period matters. Dividends are "qualified" (taxed at the long-term capital gains rate, 0/15/20%) only when the underlying shares are held for more than 60 days during the 121-day window centered on the ex-dividend date. Dividend capture trades typically hold less than 61 days, so the dividend is taxed at your ordinary income bracket. Always consult a qualified tax advisor.
What are the main risks of a dividend capture strategy?
Three structural risks: (1) the share price may not recover the gap within your holding window; (2) ordinary-income tax can consume the after-tax yield; (3) transaction costs and bid/ask slippage can wipe out small dividends. Historical statistics measure base rates; they do not guarantee any single trade will work.