PFF Dividend History

• Pays: monthly — 231 dividends since May 2007.
• Trailing 12 months: $1.66 per share across 12 payments — down 19% from $2.04 the year before. That decline is real, not a bookkeeping artifact.
• What it holds: U.S. preferred stocks — mostly issued by banks and financial companies — which pay fixed dividends senior to common stock.
• Fee: 0.45% expense ratio.
• Yield context: the trailing payout is roughly 5.4% of the recent ~$30.66 share price.

PFF's income has been sliding for a long time: the largest check in its record, $0.74, dates to December 2007 — its first year. Recent months pay about $0.14. Preferred stocks get redeemed by their issuers when refinancing is cheap, and the replacements have usually paid less, so the fund's income has ratcheted down across eras. The past year's 19% drop is the steepest leg in a while — visible in the By-the-Numbers block above.

Each point is one monthly PFF dividend since May 2007 — 231 of them. The long downhill grade is the story; read the trailing totals rather than any single month.

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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: $1.63 per share across 12 payments — down 20% from $2.04 in the 12 months before. What a change like that does to your income →
• Current pace: recent payments annualize to $1.70 — 4% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
• Share price, same 12 months: down 7% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 233 payments over 19 years; the largest single payment was $0.74 (Dec 2007).
• Payment drops ≥20% below trend, last 24 months: 2. Get alerted to the next one →
• Payment steadiness: the last 12 checks wobble ±18% around their median. Compare that against any fund →

Every figure above is computed from PFF'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 PFF'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.

The trailing twelve months paid $1.66 per share against $2.04 the year before — down 19%, the number most PFF yield quotes quietly skip. The record shows this isn't new, just faster: monthly checks near $0.74 in 2007 have become checks near $0.14, as issuers redeemed older high-coupon preferreds and replaced them with cheaper paper. The yield on today's price is still about 5.4% — real, but earned on an income stream with a two-decade downhill grade.

For the same "steady payer" role with different machinery, compare BND (investment-grade bonds, income now rising) or JAAA (floating-rate AAA CLOs). The compare tool puts any two records side by side.

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.