What is the dividend capture success rate for NWSA?

Across the last 10 ex-dividend events for News (NWSA), the post-ex intraday high reached the pre-ex close within 30 trading days in 90% 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 NWSA to recover its dividend gap?

Historically, NWSA touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 5 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 NWSA large enough to capture?

NWSA has a signal-to-noise ratio of 0.20 (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.

How does NWSA compare to its sector for dividend capture?

Within Communication Services, the median 30-day pre-ex touch rate is 90%. NWSA sits at 90% — at or below the sector benchmark.

Why does NWSA 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.

News (NWSA) Dividend Capture: 0.42% per event (0.8% annualized)

Updated May 6, 202610 eventsmedium

News

NWSA

News (NWSA) has touched its pre-ex close within 30 trading days in 90% of the last 10 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 0.20), meaning ordinary day-to-day noise can easily exceed the dividend itself.

Versus its sector, NWSA sits roughly in line with the Communication Services sector benchmark of 90%. 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.

Touch rate (30d): 90%in line with sector
Median days-to-touch: 1din line with sector
Signal-to-noise: 0.20-0.07 vs sector

Recovery engine

TL;DR over the most recent 10 events.

30-day touch rate: 90%
in line with sector
Median days-to-touch: 1d
in line with sector
Signal-to-noise (div / ATR): 0.20
-0.07 vs sector
Avg gap on ex-date: -0.28%
+0.19pp vs sector
Win rate at MOC exit: 55%
Median drawdown during hold: -3.38%
+1.57pp vs sector
Best / worst touch (days): 1 / 5

Next ex-dividend

The company has not declared a dividend, and we don't have enough recent history to extrapolate a reliable estimate.

How NWSA ranks in Communication Services

Compared with other stocks in this sector that pass our capture-quality filter (15 tickers). Lower rank number is better on every metric below.

Full sector ranking

30-day touch rate
#7of 15
Beats ~53% of peers on this metric
Median days to touch
#1of 15
Beats ~93% of peers on this metric
Signal-to-noise
#10of 15
Beats ~33% of peers on this metric

NWSA 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 News (NWSA). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.

						Recovered 5d	Recovered 30d
Mar 11, 2026	Q1	$0.10	-0.54%	$24.03	1	yes	yes	-2.16%	+0.71%
Sep 10, 2025	Q3	$0.10	-0.71%	$29.42	2	yes	yes	-2.58%	+3.09%
Mar 12, 2025	Q1	$0.10	0.41%	$26.94	1	yes	yes	-2.56%	+1.19%
Sep 11, 2024	Q3	$0.10	-0.53%	$26.38	5	yes	yes	-2.50%	+0.64%
Mar 12, 2024	Q1	$0.10	0.15%	$26.48	1	yes	yes	-4.38%	-2.42%
Sep 12, 2023	Q3	$0.10	-0.95%	$21.04	1	yes	yes	-7.56%	-4.71%
Mar 14, 2023	Q1	$0.10	1.79%	$15.60	1	yes	yes	-0.06%	+4.55%
Sep 13, 2022	Q3	$0.10	-2.84%	$17.61	>30	no	no	-14.71%	-5.96%
Mar 15, 2022	Q1	$0.10	0.33%	$21.11	1	yes	yes	-1.18%	+5.83%
Sep 14, 2021	Q3	$0.10	0.05%	$21.88	1	yes	yes	-1.23%	+1.97%
Mar 16, 2021	Q1	$0.10	0.54%	$26.11	1	yes	yes	-4.90%	+0.38%
Sep 15, 2020	Q3	$0.10	-0.26%	$15.31	1	yes	yes	-9.60%	-3.07%
Mar 10, 2020	Q1	$0.10	2.07%	$10.14	1	yes	yes	-21.40%	+8.28%
Sep 10, 2019	Q3	$0.10	-0.70%	$14.37	1	yes	yes	-3.97%	-0.14%
Mar 12, 2019	Q1	$0.10	-0.46%	$13.04	1	yes	yes	-5.21%	-3.07%
Sep 11, 2018	Q3	$0.10	-0.63%	$12.62	4	yes	yes	-3.01%	-0.79%
Mar 13, 2018	Q1	$0.10	0.06%	$16.55	1	yes	yes	-7.31%	-0.54%
Sep 12, 2017	Q3	$0.10	-0.30%	$13.34	1	yes	yes	-3.75%	-1.42%
Mar 13, 2017	Q1	$0.10	-1.05%	$12.38	2	yes	yes	-1.45%	+2.83%
Sep 12, 2016	Q3	$0.10	-1.05%	$13.36	1	yes	yes	-1.35%	+2.69%

Ex-date Mar 11, 2026Q1
Dividend
$0.10
Gap %
-0.54%
Pre-ex close
$24.03
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-2.16%
P&L 5d %
+0.71%
Ex-date Sep 10, 2025Q3
Dividend
$0.10
Gap %
-0.71%
Pre-ex close
$29.42
High touch (td)
2
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-2.58%
P&L 5d %
+3.09%
Ex-date Mar 12, 2025Q1
Dividend
$0.10
Gap %
0.41%
Pre-ex close
$26.94
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-2.56%
P&L 5d %
+1.19%
Ex-date Sep 11, 2024Q3
Dividend
$0.10
Gap %
-0.53%
Pre-ex close
$26.38
High touch (td)
5
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-2.50%
P&L 5d %
+0.64%
Ex-date Mar 12, 2024Q1
Dividend
$0.10
Gap %
0.15%
Pre-ex close
$26.48
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-4.38%
P&L 5d %
-2.42%
Ex-date Sep 12, 2023Q3
Dividend
$0.10
Gap %
-0.95%
Pre-ex close
$21.04
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-7.56%
P&L 5d %
-4.71%
Ex-date Mar 14, 2023Q1
Dividend
$0.10
Gap %
1.79%
Pre-ex close
$15.60
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-0.06%
P&L 5d %
+4.55%
Ex-date Sep 13, 2022Q3
Dividend
$0.10
Gap %
-2.84%
Pre-ex close
$17.61
High touch (td)
>30
Recovered 5d
no
Recovered 30d
no
Drawdown
-14.71%
P&L 5d %
-5.96%
Ex-date Mar 15, 2022Q1
Dividend
$0.10
Gap %
0.33%
Pre-ex close
$21.11
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-1.18%
P&L 5d %
+5.83%
Ex-date Sep 14, 2021Q3
Dividend
$0.10
Gap %
0.05%
Pre-ex close
$21.88
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-1.23%
P&L 5d %
+1.97%
Ex-date Mar 16, 2021Q1
Dividend
$0.10
Gap %
0.54%
Pre-ex close
$26.11
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-4.90%
P&L 5d %
+0.38%
Ex-date Sep 15, 2020Q3
Dividend
$0.10
Gap %
-0.26%
Pre-ex close
$15.31
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-9.60%
P&L 5d %
-3.07%
Ex-date Mar 10, 2020Q1
Dividend
$0.10
Gap %
2.07%
Pre-ex close
$10.14
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-21.40%
P&L 5d %
+8.28%
Ex-date Sep 10, 2019Q3
Dividend
$0.10
Gap %
-0.70%
Pre-ex close
$14.37
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-3.97%
P&L 5d %
-0.14%
Ex-date Mar 12, 2019Q1
Dividend
$0.10
Gap %
-0.46%
Pre-ex close
$13.04
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-5.21%
P&L 5d %
-3.07%
Ex-date Sep 11, 2018Q3
Dividend
$0.10
Gap %
-0.63%
Pre-ex close
$12.62
High touch (td)
4
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-3.01%
P&L 5d %
-0.79%
Ex-date Mar 13, 2018Q1
Dividend
$0.10
Gap %
0.06%
Pre-ex close
$16.55
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-7.31%
P&L 5d %
-0.54%
Ex-date Sep 12, 2017Q3
Dividend
$0.10
Gap %
-0.30%
Pre-ex close
$13.34
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-3.75%
P&L 5d %
-1.42%
Ex-date Mar 13, 2017Q1
Dividend
$0.10
Gap %
-1.05%
Pre-ex close
$12.38
High touch (td)
2
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-1.45%
P&L 5d %
+2.83%
Ex-date Sep 12, 2016Q3
Dividend
$0.10
Gap %
-1.05%
Pre-ex close
$13.36
High touch (td)
1
Recovered 5d
yes
Recovered 30d
yes
Drawdown
-1.35%
P&L 5d %
+2.69%

NWSA Pre-Ex Touch Time Distribution

20 events analyzedHigh touched pre-ex within 5 trading days: 95% (19 events)

≤ 1 day
1575%
2–3 days
210%
4–5 days
210%
6–10 days
00%
11–30 days
00%
30+
15%

75% within 1d · 95% within 5d · 95% within 30d

NWSA Dividend Capture Calculator — After-Tax Yield

Pre-filled with NWSA's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.

NWSA dividend ($)NWSA price ($)SharesHold (days)Tax %?Slippage % per leg

Slippage preset

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.

Display

Gross dividend: $20.00
After-tax dividend: $13.00
Slippage round-trip: -$4.81
Net if price returns to pre-ex: +$8.19
Required recovery to break even: 0.00%
Per-event after-tax yield: +0.17%
Annual if all succeed: ~8.6%

Scenariosbase rate 90%

Best (limit fills)+$8.19

Average (base rate)+$6.19

Worst (no recovery)$11.81

Open in full calculator →

NWSA Dividend Capture Backtest Simulator

Replay every historical NWSA 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.

Limit window:Quarter:

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).

Avg P&L per trade(20 events)+0.26%

Win rate (20 trades)

95%

Cumulative P&L

+5.16%Sum of per-event % (not compounded)

Buy & hold (same sample)

+96.41%Span: Sep 12, 2016 → Mar 11, 2026 · long-horizon total return vs repeating capture cycles

Best event

Mar 10, 2020+0.99%

Worst event

Sep 13, 2022-5.96%

Cumulative P&L (equity curve)

Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots for exact values.

Sep 12, 2016Mar 11, 2026

Per-event P&L distribution

20 trades in this sample · bar height ∝ count in each bucket (gross % per event).

<-3%

-3..-1%

-1..0%

0..1%

1..3%

>3%

Scenario P&L by event · NWSA (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
Sep 12, 2016	+0.75%
Mar 13, 2017	+0.81%
Sep 12, 2017	+0.75%
Mar 13, 2018	+0.60%
Sep 11, 2018	+0.79%
Mar 12, 2019	+0.77%
Sep 10, 2019	+0.70%
Mar 10, 2020	+0.99%
Sep 15, 2020	+0.65%
Mar 16, 2021	+0.38%
Sep 14, 2021	+0.46%
Mar 15, 2022	+0.47%
Sep 13, 2022	-5.96%
Mar 14, 2023	+0.64%
Sep 12, 2023	+0.48%
Mar 12, 2024	+0.38%
Sep 11, 2024	+0.38%
Mar 12, 2025	+0.37%
Sep 10, 2025	+0.34%
Mar 11, 2026	+0.42%

Looking for full price seasonality? See NWSA seasonality →

Frequently asked questions

What is the dividend capture success rate for NWSA?: Across the last 10 ex-dividend events for News (NWSA), the post-ex intraday high reached the pre-ex close within 30 trading days in 90% 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 NWSA to recover its dividend gap?: Historically, NWSA touches its pre-ex close in a median of 1 trading day, with the best case at 1 and the worst case at 5 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 NWSA large enough to capture?: NWSA has a signal-to-noise ratio of 0.20 (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.
How does NWSA compare to its sector for dividend capture?: Within Communication Services, the median 30-day pre-ex touch rate is 90%. NWSA sits at 90% — at or below the sector benchmark.
Why does NWSA 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.