Asked on 22 Apr 2020
Is my understanding of ETFs correct?
No. ETFs are traded like a stock and behave like one. As long as you hold it past the ex date, you'll be eligible to get the dividends on payment date. Depending on the dividend frequency, you will likely receive dividends around twice a year. The dates are not exact (i.e. not necessarily exactly 6 months apart), so you will need to check the ex dates.
Many dividends declare dividends like a normal stock. So, as long as you hold the ETF until the ExD date, you will receive the dividends.