Where does BIL's income come from?

an index fund holding U.S. Treasury bills with 1-3 months to maturity — effectively cash, earning the front of the yield curve. The fund distributes the interest its holdings pay, monthly.

Why did BIL pay almost nothing for years and then start paying well?

Because its income IS the Fed's policy rate. Through the zero-rate 2010s, 1-3 month bills yielded near nothing and so did BIL; when rates rose after 2022, its payments jumped accordingly. The chart is a direct recording of Federal Reserve policy.

How often does BIL pay dividends?

Monthly, and it has paid since July 2007.

Why do BIL's payments change from month to month?

Because the underlying yields do. As bonds mature and new ones enter at prevailing rates — and as rates themselves move — the fund's income drifts with the rate cycle. The year-by-year table above is effectively a history of that cycle.

BIL Dividend History & Next Ex-Dividend Date

Q: When is BIL's next ex-dividend date?

BIL pays monthly, so the next ex-dividend date typically falls about a month after the previous one. Exact dates are announced by the fund shortly before each payout. This page computes the expected window from BIL's live payment data and shows the most recent ex-dividend dates and amounts. You must own shares before the ex-dividend date to receive that payout.

← All dividend history charts

BIL Dividend — Quick Facts

Pays: monthly.
First paid: July 2007 — every payment since is charted below.
What it is: an index fund holding U.S. Treasury bills with 1-3 months to maturity — effectively cash, earning the front of the yield curve.
Fee: 0.1353% gross expense ratio (issuer page).
The character: essentially zero price movement — BIL is where money sits while earning whatever the Fed's rate currently is.

Bond-fund income is the market's most transparent: the fund passes through what its holdings yield, so the chart below is really a chart of interest rates as lived by income investors — no option overlays, no engineered payouts.

Every Dividend Payment, Over Time

BIL pays monthly. Each point below is one dividend since July 2007.

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BIL Payment Schedule & Next Ex-Dividend Date

Recent Ex-Dividend Dates	Dividend / Share

"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.

The Income That Needs No Tricks

Most funds on this site manufacture yield — options sold, leverage added, payouts engineered. BIL just owns debt and forwards the interest. That makes its chart the honest baseline: whatever an option-income fund pays above this is the price of the extra risk it carries.

Watch how differently it moves from the equity-income funds — overlay BIL against any of them on the compare tool, and find its next payday on the live dividend calendar.

Year-by-Year Table

Year	Total Dividends / Share	Payments	Change vs Prior Year

Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources. Note: after a share split, this data source restates all historical per-share payouts in today's share terms — the split disclosure above the chart applies.

When Is BIL's Next Ex-Dividend Date?

BIL pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from BIL's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.

BIL's Record So Far

BIL — the SPDR Bloomberg 1-3 Month T-Bill ETF — launched in May 2007 and has paid monthly since July 2007. The chart above shows every declared dividend.

The Floor of All Income

Every yield on this site should be read against BIL's: it's what the market pays for taking essentially no risk at all. When option funds advertise 30% and BIL pays 4-5%, the gap — not the headline — is the compensation for risk. That makes this humble chart one of the most useful reference lines we publish.

Reading the Chart Honestly

For a bond fund, the payment line tracks interest rates and the share price tracks them inversely — judge the package on total return for your holding period, not either line alone. The compare tool puts BIL beside anything else we track.

See Every Fund's Next Payday

The live dividend calendar computes expected ex-dividend windows for every fund we track — one page, all the paydays.

Open the Dividend Calendar

Educational content only — not financial advice. Payout history is provided by a third-party data source and may contain errors, omissions, or delays; verify against official sources before relying on it. Past distributions do not guarantee future payments. This is not a recommendation to buy or sell any security.