And since the DIA and SPY own shares in mostly U.S. dividend paying companies, their dividends are mostly qualified. But some of the dividends in the SPY are not. You can look this up yourself using the tax data from the ETF provider.
Fractions are related to division because the top of the fraction is the numerator or the dividend of the fraction and the bottom of the fraction is the denominator or the divisor of the fraction. Minor edit?
1 Understand addition and subtraction of fractions as joining and separating parts referring to the same whole. 2  Decompose a fraction into a sum of fractions with the same denominator in more than one way, recording each decomposition by an equation.