Where does KBWY's income come from?

an index fund holding small- and mid-cap U.S. equity REITs, weighted by dividend yield — the higher a REIT's yield, the bigger its slot. The fund distributes the interest its holdings pay, monthly.

Why does KBWY yield more than big REIT funds like VNQ?

Two compounding choices: it holds smaller REITs (which must pay more to attract capital) and weights them by yield (tilting further into the highest payers). That produces one of the richest REIT income streams available — and a fund more exposed to the yield trap, since troubled REITs with unsustainable dividends get the biggest weights.

How often does KBWY pay dividends?

Monthly, and it has paid since January 2011.

Why do KBWY'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.

KBWY Dividend History & Next Ex-Dividend Date

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

KBWY 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 KBWY'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

KBWY Dividend — Quick Facts

Pays: monthly.
First paid: January 2011 — every payment since is charted below.
What it is: an index fund holding small- and mid-cap U.S. equity REITs, weighted by dividend yield — the higher a REIT's yield, the bigger its slot.
Fee: 0.35% expense ratio (issuer page).
The design choice: yield-weighting concentrates the fund in the REIT market's highest payers — mostly smaller landlords the big REIT indexes barely touch.

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

KBWY pays monthly. Each point below is one dividend since January 2011.

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KBWY Payment Schedule & Next Ex-Dividend Date

Recent Ex-Dividend Dates	Dividend / Share

"Next expected" is estimated from KBWY'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. KBWY 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 KBWY 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 KBWY's Next Ex-Dividend Date?

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

KBWY's Record So Far

KBWY — the Invesco KBW Premium Yield Equity REIT ETF — launched in December 2010 and has paid monthly since January 2011. The chart above shows every declared dividend.

Yield-Weighting, the Sharpest Tool

Most funds weight by size; KBWY weights by payout — a design that mechanically buys more of whatever yields most. Since 2010 that has delivered a genuinely high monthly income stream and a couple of hard lessons (2020's REIT dividend cuts hit yield-weighted portfolios hardest). It's the REIT market's version of the SuperDividend idea, with the same virtue and the same trap.

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 KBWY 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.