Where does BND's income come from?

an index fund holding the entire U.S. investment-grade taxable bond market (Bloomberg U.S. Aggregate Float Adjusted Index) — Treasuries, agencies, corporates, and mortgage-backed securities. The fund distributes the interest its holdings pay, monthly.

Is BND an income investment?

It's a ballast investment that happens to pay monthly. Its yield tracks the investment-grade market — modest by this site's standards — and its real job in most portfolios is dampening equity volatility. Income investors typically use it as the stable core beneath higher-yielding satellites.

How often does BND pay dividends?

Monthly, and it has paid since May 2007.

Why do BND'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.

BND Dividend History & Next Ex-Dividend Date

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

BND 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 BND'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

BND Dividend — Quick Facts

Pays: monthly.
First paid: May 2007 — every payment since is charted below.
What it is: an index fund holding the entire U.S. investment-grade taxable bond market (Bloomberg U.S. Aggregate Float Adjusted Index) — Treasuries, agencies, corporates, and mortgage-backed securities.
Fee: 0.03% expense ratio (issuer data).
The role: the default fixed-income holding of the index-fund era — the "and bonds" in a three-fund portfolio.

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

BND pays monthly. Each point below is one dividend since May 2007.

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BND Payment Schedule & Next Ex-Dividend Date

Recent Ex-Dividend Dates	Dividend / Share

"Next expected" is estimated from BND'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. BND 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 BND 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.

When Is BND's Next Ex-Dividend Date?

BND 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 BND's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.

BND's Record So Far

BND — the Vanguard Total Bond Market ETF — launched in April 2007 and has paid monthly since May 2007. The chart above shows every declared dividend.

The Benchmark Everyone Owns

BND's monthly record since 2007 is the plainest income chart we track: the investment-grade bond market's yield, passed through at three basis points. Its value on this site is mostly as a yardstick — the risk-free-adjacent baseline that makes every other fund's extra yield legible as the price of extra risk.

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 BND 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.