{"slug":"substitute-payments-and-form-1099","qid":"substitute_payment_gap","label":"One quarterly dividend on 1,000 shares, at a qualified rate versus an ordinary rate","post_title":"Substitute Payments and Your 1099","post_url":"/blog/substitute-payments-and-form-1099#q-substitute_payment_gap","columns":["ticker","ex_dividend_on","gross_payment","after_tax_qualified","after_tax_ordinary","gap_dollars"],"rows":[{"ticker":"CVX","ex_dividend_on":"Aug 19, 2026","gross_payment":1780,"after_tax_qualified":1513,"after_tax_ordinary":1352.8,"gap_dollars":160.2},{"ticker":"JNJ","ex_dividend_on":"Aug 25, 2026","gross_payment":1340,"after_tax_qualified":1139,"after_tax_ordinary":1018.4,"gap_dollars":120.6},{"ticker":"PG","ex_dividend_on":"Jul 24, 2026","gross_payment":1088.5,"after_tax_qualified":925.22,"after_tax_ordinary":827.26,"gap_dollars":97.96},{"ticker":"XOM","ex_dividend_on":"Aug 17, 2026","gross_payment":1030,"after_tax_qualified":875.5,"after_tax_ordinary":782.8,"gap_dollars":92.7},{"ticker":"MSFT","ex_dividend_on":"Aug 20, 2026","gross_payment":910,"after_tax_qualified":773.5,"after_tax_ordinary":691.6,"gap_dollars":81.9},{"ticker":"VZ","ex_dividend_on":"Jul 10, 2026","gross_payment":707.5,"after_tax_qualified":601.38,"after_tax_ordinary":537.7,"gap_dollars":63.68},{"ticker":"KO","ex_dividend_on":"Sep 15, 2026","gross_payment":530,"after_tax_qualified":450.5,"after_tax_ordinary":402.8,"gap_dollars":47.7},{"ticker":"AAPL","ex_dividend_on":"Aug 10, 2026","gross_payment":270,"after_tax_qualified":229.5,"after_tax_ordinary":205.2,"gap_dollars":24.3}],"shape":"table","sql":"SELECT\n    ticker,\n    formatDateTime(max(ex_dividend_date), '%b %e, %Y')                    AS ex_dividend_on,\n    round(1000 * toFloat64(argMax(cash_amount, ex_dividend_date)), 2)     AS gross_payment,\n    round(1000 * toFloat64(argMax(cash_amount, ex_dividend_date)) * 0.85, 2) AS after_tax_qualified,\n    round(1000 * toFloat64(argMax(cash_amount, ex_dividend_date)) * 0.76, 2) AS after_tax_ordinary,\n    round(1000 * toFloat64(argMax(cash_amount, ex_dividend_date)) * 0.09, 2) AS gap_dollars\nFROM global_markets.stocks_dividends\nWHERE ticker IN ('AAPL', 'MSFT', 'KO', 'JNJ', 'XOM', 'CVX', 'VZ', 'PG')\n  AND ex_dividend_date >= today() - 200\n  AND ex_dividend_date <= today()\n  AND cash_amount > 0\nGROUP BY ticker\nORDER BY gross_payment DESC","computed_at":"2026-09-27T15:04:33.715928+00:00","elapsed":0.08596223}