Howmet Aerospace (HWM) Dividend Capture: 0.06% per event (0.2% annualized)
Howmet Aerospace (HWM) has touched its pre-ex close within 30 trading days in 100% of the last 19 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 0.03), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, HWM sits roughly in line with the Industrials sector benchmark of 95%. 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 8, 2026, with an expected dividend of $0.12.
- Touch rate (30d)
- 100%+5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.03-0.16 vs sector
Recovery engine
TL;DR over the most recent 19 events.
- 30-day touch rate
- 100%+5pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise (div / ATR)
- 0.03-0.16 vs sector
- Avg gap on ex-date
- 0.13%+0.48pp vs sector
- Win rate at MOC exit
- 80%
- Median drawdown during hold
- -1.81%+2.16pp vs sector
- Best / worst touch (days)
- 1 / 20
Next ex-dividend
Confirmed by company declaration.
- Dividend
- $0.12
- Per-event yield
- 0.06%
- Annualized yield
- 0.20%
- Previously paid
- Feb 6, 2026 ($0.12)
- Last record date
- Feb 6, 2026
- Last payment date
- Feb 25, 2026
How HWM ranks in Industrials
Compared with other stocks in this sector that pass our capture-quality filter (87 tickers). Lower rank number is better on every metric below.
- 30-day touch rate#1of 87
Beats ~99% of peers on this metric
- Median days to touch#1of 87
Beats ~99% of peers on this metric
- Signal-to-noise#84of 87
Beats ~3% of peers on this metric
HWM 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 Howmet Aerospace (HWM). 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 | $0.12 | 2.07% | $209.63 | 1 | yes | yes | 2.07% | +19.42% | |
| Q4 | $0.12 | -0.50% | $205.72 | 1 | yes | yes | -4.41% | -1.12% | |
| Q3 | $0.12 | 0.66% | $181.58 | 1 | yes | yes | -6.68% | -5.62% | |
| Q2 | $0.10 | 0.25% | $157.50 | 1 | yes | yes | -1.77% | +3.43% | |
| Q1 | $0.10 | 0.20% | $129.00 | 1 | yes | yes | -4.87% | +3.50% | |
| Q4 | $0.08 | 0.70% | $111.22 | 1 | yes | yes | -0.19% | +0.78% | |
| Q3 | $0.08 | 0.21% | $91.96 | 1 | yes | yes | -0.84% | +4.28% | |
| Q2 | $0.05 | 0.17% | $81.42 | 1 | yes | yes | -1.81% | +1.42% | |
| Q1 | $0.05 | 0.10% | $59.09 | 1 | yes | yes | -1.27% | +7.16% | |
| Q4 | $0.05 | 0.48% | $48.34 | 1 | yes | yes | 0.10% | +6.70% | |
| Q3 | $0.04 | -0.21% | $48.05 | 1 | yes | yes | -1.06% | +3.81% | |
| Q2 | $0.04 | -0.22% | $44.70 | 4 | yes | yes | -3.94% | -1.57% | |
| Q1 | $0.04 | 0.56% | $40.84 | 1 | yes | yes | -3.82% | +5.26% | |
| Q4 | $0.04 | -1.10% | $35.34 | 1 | yes | yes | -1.81% | +8.49% | |
| Q3 | $0.02 | -1.26% | $37.23 | 1 | yes | yes | -2.55% | +2.74% | |
| Q2 | $0.02 | -0.82% | $36.56 | 20 | no | yes | -12.64% | -10.09% | |
| Q1 | $0.02 | 1.47% | $32.61 | 1 | yes | yes | -2.97% | +6.04% | |
| Q4 | $0.02 | -0.89% | $30.43 | 1 | yes | yes | -2.43% | +5.23% | |
| Q3 | $0.02 | 0.59% | $30.70 | 1 | yes | yes | 0.49% | +6.51% | |
| Q1 | $0.02 | 0.19% | $31.26 | 1 | yes | yes | -1.50% | +5.47% |
Q1
- Dividend
- $0.12
- Gap %
- 2.07%
- Pre-ex close
- $209.63
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 2.07%
- P&L 5d %
- +19.42%
Q4
- Dividend
- $0.12
- Gap %
- -0.50%
- Pre-ex close
- $205.72
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.41%
- P&L 5d %
- -1.12%
Q3
- Dividend
- $0.12
- Gap %
- 0.66%
- Pre-ex close
- $181.58
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -6.68%
- P&L 5d %
- -5.62%
Q2
- Dividend
- $0.10
- Gap %
- 0.25%
- Pre-ex close
- $157.50
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.77%
- P&L 5d %
- +3.43%
Q1
- Dividend
- $0.10
- Gap %
- 0.20%
- Pre-ex close
- $129.00
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -4.87%
- P&L 5d %
- +3.50%
Q4
- Dividend
- $0.08
- Gap %
- 0.70%
- Pre-ex close
- $111.22
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.19%
- P&L 5d %
- +0.78%
Q3
- Dividend
- $0.08
- Gap %
- 0.21%
- Pre-ex close
- $91.96
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -0.84%
- P&L 5d %
- +4.28%
Q2
- Dividend
- $0.05
- Gap %
- 0.17%
- Pre-ex close
- $81.42
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.81%
- P&L 5d %
- +1.42%
Q1
- Dividend
- $0.05
- Gap %
- 0.10%
- Pre-ex close
- $59.09
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.27%
- P&L 5d %
- +7.16%
Q4
- Dividend
- $0.05
- Gap %
- 0.48%
- Pre-ex close
- $48.34
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 0.10%
- P&L 5d %
- +6.70%
Q3
- Dividend
- $0.04
- Gap %
- -0.21%
- Pre-ex close
- $48.05
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.06%
- P&L 5d %
- +3.81%
Q2
- Dividend
- $0.04
- Gap %
- -0.22%
- Pre-ex close
- $44.70
- High touch (td)
- 4
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.94%
- P&L 5d %
- -1.57%
Q1
- Dividend
- $0.04
- Gap %
- 0.56%
- Pre-ex close
- $40.84
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -3.82%
- P&L 5d %
- +5.26%
Q4
- Dividend
- $0.04
- Gap %
- -1.10%
- Pre-ex close
- $35.34
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.81%
- P&L 5d %
- +8.49%
Q3
- Dividend
- $0.02
- Gap %
- -1.26%
- Pre-ex close
- $37.23
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.55%
- P&L 5d %
- +2.74%
Q2
- Dividend
- $0.02
- Gap %
- -0.82%
- Pre-ex close
- $36.56
- High touch (td)
- 20
- Recovered 5d
- no
- Recovered 30d
- yes
- Drawdown
- -12.64%
- P&L 5d %
- -10.09%
Q1
- Dividend
- $0.02
- Gap %
- 1.47%
- Pre-ex close
- $32.61
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.97%
- P&L 5d %
- +6.04%
Q4
- Dividend
- $0.02
- Gap %
- -0.89%
- Pre-ex close
- $30.43
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -2.43%
- P&L 5d %
- +5.23%
Q3
- Dividend
- $0.02
- Gap %
- 0.59%
- Pre-ex close
- $30.70
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- 0.49%
- P&L 5d %
- +6.51%
Q1
- Dividend
- $0.02
- Gap %
- 0.19%
- Pre-ex close
- $31.26
- High touch (td)
- 1
- Recovered 5d
- yes
- Recovered 30d
- yes
- Drawdown
- -1.50%
- P&L 5d %
- +5.47%
HWM Pre-Ex Touch Time Distribution
- ≤ 1 day1890%
- 2–3 days00%
- 4–5 days15%
- 6–10 days00%
- 11–30 days15%
- 30+00%
90% within 1d · 95% within 5d · 100% within 30d
HWM Dividend Capture Calculator — After-Tax Yield
Pre-filled with HWM'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
- $24.00
- After-tax dividend
- $15.60
- Slippage round-trip
- -$41.93
- Net if price returns to pre-ex
- $-26.33
- Required recovery to break even
- 0.06%
- Per-event after-tax yield
- -0.06%
- Annual if all succeed
- ~-3.2%
HWM Dividend Capture Backtest Simulator
Replay every historical HWM 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 · HWM (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 |
|---|---|
| +0.06% | |
| +0.07% | |
| +0.07% | |
| +0.06% | |
| -10.09% | |
| +0.05% | |
| +0.11% | |
| +0.10% | |
| +0.09% | |
| +0.08% | |
| +0.10% | |
| +0.08% | |
| +0.06% | |
| +0.09% | |
| +0.07% | |
| +0.08% | |
| +0.06% | |
| +0.07% | |
| +0.06% | |
| +0.06% |
Looking for full price seasonality? See HWM seasonality →
Frequently asked questions
What is the dividend capture success rate for HWM?
Across the last 19 ex-dividend events for Howmet Aerospace (HWM), the post-ex intraday high reached the pre-ex close within 30 trading days in 100% 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 HWM to recover its dividend gap?
Historically, HWM touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 20 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 HWM large enough to capture?
HWM has a signal-to-noise ratio of 0.03 (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 HWM?
The next ex-dividend date for Howmet Aerospace (HWM) is May 8, 2026, confirmed (declared by the company).
How does HWM compare to its sector for dividend capture?
Within Industrials, the median 30-day pre-ex touch rate is 95%. HWM sits at 100% — above the sector benchmark.
Why does HWM 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.