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

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Data last updated: Jul 13, 2026

Snapshot (as of Jul 13, 2026): State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) pays a $3.49 annual dividend ($0.27 monthly), yielding 3.81% at $91.50/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.81%

Annual Dividend: $3.49 per share

Ex-Dividend Date: 2026-07-01

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 3.82%, with a trailing annual dividend rate of $3.4892 per share paid monthly. The next ex-dividend date is July 1, 2026, and the last monthly payment was $0.2676 per share. With a beta of just 0.0031, BIL stock is built for investors who prioritize capital preservation 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). The income distributed directly reflects what the underlying T-Bills generate, so State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend safety is structurally tied to prevailing short-term interest rates rather than corporate earnings or cash flow decisions. The most significant pressure on the payout is a rate environment shift: when the Federal Reserve cuts rates, T-Bill yields fall, and BIL's monthly distributions shrink accordingly.

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 annual dividends grew from $0.3865 in 2017 to $4.5965 in 2024 (2025 and 2026 are partial years and excluded from the CAGR). That headline rate is almost entirely a function of the interest rate cycle, not organic business growth. The smallest annual increase in the window was 2.1% in 2024, a sharp contrast to the largest single-year jump of 292.3% in 2018.

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 dividend investors who want monthly income with near-zero market risk, not those chasing yield growth. The current yield of 3.82% falls in the moderate (2–4%) range and sits just below the 5-year average of 3.85%, meaning today's payout is broadly in line with what the fund has historically delivered. There are zero consecutive years of dividend increases, which reflects the rate-driven nature of the distributions rather than a managed growth policy. The trade-off is clear: BIL stock offers low volatility (beta of 0.0031) and predictable monthly income, but the payout level moves with short-term interest rates, not with any deliberate dividend growth strategy.

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

Payment Date	Amount per Share
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
2025-10-01	$0.3105

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

Year	Total Dividends
2026	$1.5874
2025	$3.7726
2024	$4.5965
2023	$4.5011
2022	$1.2143

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.04% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.08% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.10% yield)
• FXAIX — Fidelity 500 Index Fund (1.06% yield)

Frequently Asked Questions

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

BIL pays dividends monthly. The last dividend was $0.2676 per share, with the next ex-dividend date set for July 1, 2026.

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

The current BIL dividend yield is 3.82%, nearly identical to its 5-year average yield of 3.85%, placing it in the moderate (2–4%) yield category.

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

Within the available history, annual dividends fell sharply in years like 2009 and 2020, reflecting drops in short-term interest rates rather than a fund-level policy decision. The data window covers 2007 through 2024, and several of those years are partial.

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

The compound annual growth rate (CAGR) was 42.4% per year from 2017 to 2024, driven almost entirely by rising interest rates. The smallest annual increase in that window was 2.1% in 2024.

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

BIL offers a 3.82% yield paid monthly with a beta of 0.0031, making it a low-volatility income option. The payout is rate-dependent, so income levels shift with the short-term interest rate environment rather than following a managed dividend policy.

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 stability over dividend growth. Its ultra-short Treasury Bill holdings and near-zero beta make it a fit for those seeking monthly cash flow with minimal market exposure.

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

At 3.82%, the current yield is marginally below the 5-year average of 3.85%. The two figures are close enough that today's income level is broadly representative of what BIL has delivered over the past five years.

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