BIL Dividend Yield 2026: State Street SPDR Bloomberg 1-3 Month T-Bill ETF

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Data last updated: Aug 31, 2026

Snapshot (as of Aug 31, 2026): State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) pays a $3.44 annual dividend ($0.27 monthly), yielding 3.76% at $91.65/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.76%

Annual Dividend: $3.44 per share

Ex-Dividend Date: 2026-08-03

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 14

About State Street SPDR Bloomberg 1-3 Month T-Bill ETF Dividend

The State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend comes from a fund that holds U.S. Treasury Bills with one to three months remaining to maturity, tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. BIL currently yields 3.76%, with a trailing annual dividend rate of $3.4428 per share paid monthly. The next ex-dividend date is August 3, 2026. With a beta of just 0.0031, BIL suits income investors who prioritize near-zero price volatility over yield maximization.

Dividend Safety

State Street SPDR Bloomberg 1-3 Month T-Bill ETF pays out dividends as a pass-through of income from its Treasury Bill holdings, a payout ratio classified as not applicable (fund/ETF). State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend safety is directly tied to the income generated by short-duration U.S. government securities, which reset frequently given the fund's monthly rebalancing on the last trading day of each month. The primary pressure on the payout is interest rate movement: when short-term rates fall, the income BIL passes through to shareholders falls with them, as seen in the sharp drop to $0.2740 in 2020.

State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) Dividend Growth Rate, CAGR, and History

State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend history shows a CAGR of 42.4% per year from 2017 to 2024. Per-share payments grew from $0.3865 in 2017 to $4.5965 in 2024 (2025 and 2026 figures are partial years and excluded from the CAGR). The smallest annual increase in the window was 2.1% in 2024, a sharp contrast to the 292.3% jump recorded in 2018, which reflects how directly BIL's income tracks short-term rate cycles rather than any organic dividend growth policy.

State Street SPDR Bloomberg 1-3 Month T-Bill ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+45.9%	$1.21 (2022)	$3.77 (2025)
5-Year	+15.1%	$1.87 (2019)	$3.77 (2025)

Is State Street SPDR Bloomberg 1-3 Month T-Bill ETF a Good Dividend Stock?

BIL fits income investors who want monthly cash flow with virtually no price risk, not those chasing yield growth. The current yield of 3.76% falls in the moderate (2–4%) range, sitting just below the 5-year average of 3.84%, a narrow gap that reflects current short-term rate conditions. The trade-off is clear: BIL's income is entirely rate-dependent, so the payout expands and contracts with Federal Reserve policy rather than compounding through business growth. What an investor gets is predictable, government-backed monthly income. What they accept is a dividend that can drop sharply when rates fall.

Recent State Street SPDR Bloomberg 1-3 Month T-Bill ETF Dividend Payments

Payment Date	Amount per Share
2026-08-03	$0.2730
2026-07-01	$0.2676
2026-06-01	$0.2692
2026-05-01	$0.2699
2026-04-01	$0.2637
2026-03-02	$0.2431
2026-02-02	$0.2739
2025-12-18	$0.3654
2025-12-01	$0.2812
2025-11-03	$0.3033

State Street SPDR Bloomberg 1-3 Month T-Bill ETF Annual Dividend History

Year	Total Dividends
2026	$1.8603
2025	$3.7726
2024	$4.5965
2023	$4.5011
2022	$1.2143

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Frequently Asked Questions

Does BIL pay dividends?

Yes, State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) pays a $0.27 monthly dividend per share, yielding 3.76%.

How often does State Street SPDR Bloomberg 1-3 Month T-Bill ETF pay dividends?

BIL pays dividends monthly. The last dividend amount was $0.2730 per share, with the next ex-dividend date set for August 3, 2026.

What is State Street SPDR Bloomberg 1-3 Month T-Bill ETF's current dividend yield?

The current BIL dividend yield is 3.76%, slightly below its 5-year average yield of 3.84%. The two figures are close, placing the fund near the center of its recent historical income range.

Has State Street SPDR Bloomberg 1-3 Month T-Bill ETF ever cut its dividend?

Yes. The available history shows a sharp decline in 2020, when annual dividends dropped to $0.2740 from $1.8713 in 2019, reflecting the near-zero interest rate environment that year. A similar pattern appears in earlier years when short-term rates were low.

How fast has State Street SPDR Bloomberg 1-3 Month T-Bill ETF grown its dividend?

BIL grew its dividend at a compound annual growth rate (CAGR) of 42.4% per year from 2017 to 2024. That figure reflects rate-cycle swings rather than steady compounding, with the largest single-year jump reaching 292.3% in 2018.

Is State Street SPDR Bloomberg 1-3 Month T-Bill ETF a good dividend stock for income investors?

BIL offers a 3.76% yield paid monthly, backed by U.S. Treasury Bills, which makes it a low-volatility income option. The trade-off is that the payout is rate-dependent and has dropped sharply in low-rate environments, as it did in 2020.

What type of investor is State Street SPDR Bloomberg 1-3 Month T-Bill ETF best suited for?

BIL suits income investors who prioritize capital preservation and monthly cash flow over dividend growth. Its beta of 0.0031 reflects near-zero price sensitivity, making it a fit for those who want income without meaningful price fluctuation.

How does State Street SPDR Bloomberg 1-3 Month T-Bill ETF compare to its own historical yield?

The current yield of 3.76% is slightly below the 5-year average of 3.84%. The difference is small, but it shows the fund is generating income at a pace close to, though marginally under, its recent norm.

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