Cigna (CI) Dividend Capture: 0.55% per event (2.2% annualized)
CI
Cigna (CI) 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 0.21), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, CI 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 Jun 4, 2026, with an expected dividend of $1.56.
- Touch rate (30d)
- 95%-5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.21+0.06 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)
- 0.21+0.06 vs sector
- Avg gap on ex-date
- -0.27%in line with sector
- Win rate at MOC exit
- 55%
- Median drawdown during hold
- -3.59%+0.79pp vs sector
- Best / worst touch (days)
- 1 / 14
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $1.56
- Per-event yield
- 0.55%
- Annualized yield
- 2.23%
- Previously paid
- Mar 5, 2026 ($1.56)
- Last record date
- Mar 5, 2026
- Last payment date
- Mar 19, 2026
How CI 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#17of 40
Beats ~57% of peers on this metric
CI 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 Cigna (CI). 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 | $1.56 | -1.37% | $284.74 | >30 | no | no | -9.34% | -6.08% | |
| Q4 | $1.51 | -0.12% | $270.32 | 1 | yes | yes | -4.46% | +1.28% | |
| Q3 | $1.51 | -0.41% | $300.48 | 1 | yes | yes | -2.72% | +2.30% | |
| Q2 | $1.51 | -0.85% | $314.99 | 1 | yes | yes | -2.10% | +0.04% | |
| Q1 | $1.51 | -0.97% | $308.86 | 1 | yes | yes | -1.00% | +1.20% | |
| Q4 | $1.40 | -0.48% | $334.90 | 1 | yes | yes | -21.76% | -11.79% | |
| Q3 | $1.40 | 0.25% | $365.48 | 1 | yes | yes | -4.56% | -1.72% | |
| Q2 | $1.40 | -0.95% | $341.49 | 14 | no | yes | -3.77% | -0.63% | |
| Q1 | $1.40 | -0.18% | $336.80 | 1 | yes | yes | -1.42% | +2.54% | |
| Q4 | $1.23 | -0.24% | $262.91 | 5 | yes | yes | -3.41% | +13.32% | |
| Q3 | $1.23 | -0.08% | $276.67 | 1 | yes | yes | -0.64% | +4.01% | |
| Q2 | $1.23 | 1.62% | $262.74 | 1 | yes | yes | -2.85% | +4.09% | |
| Q1 | $1.23 | -0.01% | $288.47 | 1 | yes | yes | -7.38% | -5.24% | |
| Q4 | $1.12 | -1.03% | $327.20 | 1 | yes | yes | -1.71% | +4.04% | |
| Q3 | $1.12 | -0.39% | $287.70 | 1 | yes | yes | -2.11% | +0.08% | |
| Q2 | $1.12 | -0.44% | $258.32 | 1 | yes | yes | -7.05% | -4.45% | |
| Q1 | $1.12 | -1.16% | $237.85 | 7 | no | yes | -5.73% | -1.53% | |
| Q4 | $1.00 | 1.43% | $199.86 | 1 | yes | yes | 0.88% | +8.15% | |
| Q3 | $1.00 | -0.39% | $216.92 | 1 | yes | yes | -7.42% | -5.66% | |
| Q2 | $1.00 | 0.43% | $252.94 | 1 | yes | yes | -8.61% | -4.88% |
Q1
- Dividend
- $1.56
- Gap %
- -1.37%
- Pre-ex close
- $284.74
- High touch (td)
- >30
- Recovered 5d
- no
- Recovered 30d
- no
- Drawdown
- -9.34%
- P&L 5d %
- -6.08%
Q4
- Dividend
- $1.51
- Gap %
- -0.12%
- Pre-ex close
- $270.32
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.46%
- P&L 5d %
- +1.28%
Q3
- Dividend
- $1.51
- Gap %
- -0.41%
- Pre-ex close
- $300.48
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.72%
- P&L 5d %
- +2.30%
Q2
- Dividend
- $1.51
- Gap %
- -0.85%
- Pre-ex close
- $314.99
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.10%
- P&L 5d %
- +0.04%
Q1
- Dividend
- $1.51
- Gap %
- -0.97%
- Pre-ex close
- $308.86
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.00%
- P&L 5d %
- +1.20%
Q4
- Dividend
- $1.40
- Gap %
- -0.48%
- Pre-ex close
- $334.90
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -21.76%
- P&L 5d %
- -11.79%
Q3
- Dividend
- $1.40
- Gap %
- 0.25%
- Pre-ex close
- $365.48
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.56%
- P&L 5d %
- -1.72%
Q2
- Dividend
- $1.40
- Gap %
- -0.95%
- Pre-ex close
- $341.49
- High touch (td)
- 14
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -3.77%
- P&L 5d %
- -0.63%
Q1
- Dividend
- $1.40
- Gap %
- -0.18%
- Pre-ex close
- $336.80
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.42%
- P&L 5d %
- +2.54%
Q4
- Dividend
- $1.23
- Gap %
- -0.24%
- Pre-ex close
- $262.91
- High touch (td)
- 5
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.41%
- P&L 5d %
- +13.32%
Q3
- Dividend
- $1.23
- Gap %
- -0.08%
- Pre-ex close
- $276.67
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.64%
- P&L 5d %
- +4.01%
Q2
- Dividend
- $1.23
- Gap %
- 1.62%
- Pre-ex close
- $262.74
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.85%
- P&L 5d %
- +4.09%
Q1
- Dividend
- $1.23
- Gap %
- -0.01%
- Pre-ex close
- $288.47
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.38%
- P&L 5d %
- -5.24%
Q4
- Dividend
- $1.12
- Gap %
- -1.03%
- Pre-ex close
- $327.20
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.71%
- P&L 5d %
- +4.04%
Q3
- Dividend
- $1.12
- Gap %
- -0.39%
- Pre-ex close
- $287.70
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.11%
- P&L 5d %
- +0.08%
Q2
- Dividend
- $1.12
- Gap %
- -0.44%
- Pre-ex close
- $258.32
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.05%
- P&L 5d %
- -4.45%
Q1
- Dividend
- $1.12
- Gap %
- -1.16%
- Pre-ex close
- $237.85
- High touch (td)
- 7
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -5.73%
- P&L 5d %
- -1.53%
Q4
- Dividend
- $1.00
- Gap %
- 1.43%
- Pre-ex close
- $199.86
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 0.88%
- P&L 5d %
- +8.15%
Q3
- Dividend
- $1.00
- Gap %
- -0.39%
- Pre-ex close
- $216.92
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -7.42%
- P&L 5d %
- -5.66%
Q2
- Dividend
- $1.00
- Gap %
- 0.43%
- Pre-ex close
- $252.94
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -8.61%
- P&L 5d %
- -4.88%
CI Pre-Ex Touch Time Distribution
- ≤ 1 day1680%
- 2–3 days00%
- 4–5 days15%
- 6–10 days15%
- 11–30 days15%
- 30+15%
80% within 1d · 85% within 5d · 95% within 30d
CI Dividend Capture Calculator — After-Tax Yield
Pre-filled with CI'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
- $312.00
- After-tax dividend
- $202.80
- Slippage round-trip
- -$56.95
- Net if price returns to pre-ex
- +$145.85
- Required recovery to break even
- 0.00%
- Per-event after-tax yield
- +0.26%
- Annual if all succeed
- ~12.9%
CI Dividend Capture Backtest Simulator
Replay every historical CI 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 · CI (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 |
|---|---|
| +0.40% | |
| +0.46% | |
| +0.50% | |
| -1.53% | |
| +0.43% | |
| +0.39% | |
| +0.34% | |
| +0.43% | |
| +0.47% | |
| +0.44% | |
| +0.47% | |
| +0.42% | |
| -0.63% | |
| +0.38% | |
| +0.42% | |
| +0.49% | |
| +0.48% | |
| +0.50% | |
| +0.56% | |
| -6.08% |
Looking for full price seasonality? See CI seasonality →
Frequently asked questions
What is the dividend capture success rate for CI?
Across the last 20 ex-dividend events for Cigna (CI), 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 CI to recover its dividend gap?
Historically, CI touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 14 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 CI large enough to capture?
CI has a signal-to-noise ratio of 0.21 (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 CI?
The next ex-dividend date for Cigna (CI) is Jun 4, 2026, confirmed (declared by the company).
How does CI compare to its sector for dividend capture?
Within Healthcare, the median 30-day pre-ex touch rate is 100%. CI sits at 95% — at or below the sector benchmark.
Why does CI 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.