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?
Lesson Summary. Fractions are in the simplest form when there is no common number that can be divided into both the numerator and denominator evenly. There are two methods for simplifying fractions. The first is to divide both the numerator and denominator by common numbers until there are no more numbers in common.