Spy Dividends and corresponding price drops

As you can see, this chart shows the dividend dates on Spy back from some of 2022 up until 2023. There appears to be a pretty significant price drop around these dividend dates- sources around the internet (confirmable with a simple google search) show the next Ex-Div date to be 06/16/23, a record date of 06/20/23, and a payment date of of 06/22/23. Depending on what happens at today’s FOMC meeting, could this be what triggers or deepens a pullback from these current highs?