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Coca-Cola (KO): overnight decline vs dividend on each ex-dividend date, Sep 2023 to Jun 2026

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-01, from Does Dividend Capture Actually Work?.

as of series 12×4read in context →
Coca-Cola (KO): overnight decline vs dividend on each ex-dividend date, Sep 2023 to Jun 2026 — 12 rows by 4 columns, computed from US exchange, SIP and OPRA data.
datedividend_usdovernight_decline_usddecline_minus_dividend_usd
2023-09-140.460.2-0.26
2023-11-300.460.27-0.19
2024-03-140.4850.540.055
2024-06-140.4850.610.125
2024-09-130.4850.39-0.095
2024-11-290.4850.41-0.075
2025-03-140.511.110.6
2025-06-130.510.47-0.04
2025-09-150.510.33-0.18
2025-12-010.510.520.01
2026-03-130.530.14-0.39
2026-06-150.531.541.01
Rows × columns
12 × 4
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for Coca-Cola (KO): overnight decline vs dividend on each ex-dividend date, Sep 2023 to Jun 2026, derived from the stored result.
ColumnTypeRangeNotes
date date 2023-09-14 to 2026-06-15
dividend_usd number 0.46 to 0.53 US dollars
overnight_decline_usd number 0.14 to 1.54 US dollars
decline_minus_dividend_usd number -0.39 to 1.01 US dollars

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number
WITH px AS (
    SELECT date,
           toFloat64(open) AS day_open,
           lagInFrame(toFloat64(close)) OVER (ORDER BY date
                                              ROWS BETWEEN 1 PRECEDING AND CURRENT ROW) AS prev_close
    FROM global_markets.stocks_daily_aggs
    WHERE ticker = 'KO'
      AND date BETWEEN toDate('2023-06-01') AND toDate('2026-06-30')
      AND open > 0 AND close > 0
),
dv AS (
    SELECT ex_dividend_date AS d, max(cash_amount) AS div_amount
    FROM global_markets.stocks_dividends
    WHERE ticker = 'KO'
      AND distribution_type = 'recurring'
      AND cash_amount > 0
      AND ex_dividend_date BETWEEN toDate('2023-07-01') AND toDate('2026-06-30')
    GROUP BY d
)
SELECT formatDateTime(px.date, '%Y-%m-%d') AS date,
       round(dv.div_amount, 3) AS dividend_usd,
       round(px.prev_close - px.day_open, 3) AS overnight_decline_usd,
       round((px.prev_close - px.day_open) - dv.div_amount, 3) AS decline_minus_dividend_usd
FROM px
INNER JOIN dv ON px.date = dv.d
ORDER BY date

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