BIL Dividend History

• Pays: monthly — 126 dividends since July 2007.
• Trailing 12 months: $3.44 per share across 12 payments — down 15% from $4.03 the year before, tracking the Fed's cuts almost in real time.
• What it holds: U.S. Treasury bills maturing in 1 to 3 months — the closest thing to cash that trades on an exchange.
• Fee: 0.14% expense ratio.
• The peak: $0.421 in December 2023, when short rates topped out; August 2026 paid $0.273. Trailing yield is roughly 3.8% of the recent ~$91.62 price.

BIL is the fastest rate-tracker we chart: its bills mature within weeks, so every Fed move shows up in the very next monthly checks — faster than floating-rate funds like JAAA, which reset on a lag, and the mirror image of fixed-coupon funds like BND, which take years to catch up. When BIL's dividend falls, it isn't weakening; cash itself is paying less.

Each point is one monthly BIL dividend since July 2007. The flat-at-zero years and the 2023 peak are the Fed's rate path, reproduced almost exactly.

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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.

• Trailing 12 months: $3.35 per share across 12 payments — down 14% from $3.90 in the 12 months before (split-adjusted, in today's share terms). What a change like that does to your income →
• Current pace: recent payments annualize to $3.22 — 4% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
• Share price, same 12 months: down 0% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 128 payments over 19 years; the largest single payment was $0.421 (Dec 2023), split-adjusted.
• Payment drops ≥20% below trend, last 24 months: 2. Get alerted to the next one →
• Payment steadiness: the last 12 checks wobble ±6% around their median. Compare that against any fund →

Every figure above is computed from BIL's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.

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"Next expected" is estimated from BIL's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.

A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.

Nothing stands between BIL's holders and the T-bill rate except a 0.14% fee. That makes its 19-year chart the cleanest possible answer to "what does cash pay?" — near-nothing through the zero-rate era, a sprint to the $0.421 monthly peak of December 2023, and the current easing to $0.273 as cuts arrive. The trailing year's $3.44 per share is 15% below the year before, and it will keep following the Fed with roughly a month's delay.

The natural comparisons: SGOV (0-3 month bills, the near-twin), JAAA (floating-rate AAA credit, a step out on risk), and BND (fixed coupons moving the opposite direction). The compare tool overlays any of them.

Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.

Calculated from complete calendar years in the data above. Past results don't guarantee future payments.