- Pays: monthly — usually going ex-dividend in the third week of the month.
- Paying since: 2012 — one of the longest monthly-dividend ETF records around.
- What it is: the 50 S&P 500 stocks that combine HIGH dividends with LOW volatility — utilities, staples, real estate — rebalanced twice a year.
- Today's yield: around 5% of real stock dividends — no options, no leverage, no exotic machinery.
- The trade-off: boring holdings lag roaring bull markets; the fund is built for income and calm, not for keeping up with the S&P.
SPHD's monthly amounts wobble as its 50 holdings and their calendars shift; the yield is genuine stock dividends, mostly qualified for tax purposes.
SPHD pays monthly. Each point below is one dividend since 2012. Monthly amounts wobble by design — watch the yearly totals below.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from SPHD'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.
Now Estimate Your Own Future
These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
SPHD is what income investing looked like before option-income funds existed: pick the steadiest high-yielding blue chips — the power companies and soup makers — and forward their dividends monthly. Roughly 5%, mostly qualified, from businesses whose products get bought in every recession. No premium harvesting, no return-of-capital asterisks.
The honest cost shows in bull markets: low-volatility stocks trail when tech roars, so SPHD's total return often lags flashier funds for years at a stretch. It's a fund for the investor who wants income and sleep — compare SCHD (growthier) and JEPI (option-boosted) for the neighboring philosophies.
| 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.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is SPHD's Next Ex-Dividend Date?
SPHD pays monthly — usually going ex-dividend in the third week of the month. 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 SPHD's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
SPHD's Record: A Decade-Plus of Monthly Checks
SPHD — the Invesco S&P 500 High Dividend Low Volatility ETF — has paid monthly since 2012: over 160 consecutive checks through a taper tantrum, a pandemic crash, and two bear markets. Around $2 per share annually on a ~$45 fund, from the S&P 500's fifty steadiest high payers.
The Screen That Picks Boring on Purpose
Twice a year the index ranks the S&P 500 by yield, keeps the 75 highest, then keeps the 50 least volatile of those — filtering out the scary yields that spike before dividend cuts. What survives is a portfolio of utilities, consumer staples, and REITs: businesses that raise prices slowly, get paid in every economy, and mail the profits out.
Where SPHD Fits
As the conservative anchor of an income portfolio — real qualified dividends at ~5%, monthly, from companies your grandparents would recognize. Pair it with growers like SCHD or FDVV for raises, and let the option-income aisle stay optional. Next expected date on the live calendar.
How to Choose Dividend Stocks (and Funds)
Yield quality, volatility screens, and matching funds to what you actually need — in plain English.
Read: How to Choose Dividend Stocks