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

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Data last updated: Oct 12, 2026

Dividend Yield: 3.71%

Dividend Frequency: monthly

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 one of the most straightforward mandates in fixed income: holding U.S. Treasury obligations with maturities between one and three months. BIL currently yields 3.71%, paid monthly. The fund invests at least 80% of its assets in securities comprising the Bloomberg 1-3 Month T-Bill Index, meaning the income it generates is directly tied to short-term government rates. That structure makes BIL a fit for income investors who prioritize capital preservation over dividend growth.

Dividend Safety

State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend safety is not evaluated through a payout ratio, as that metric is not applicable (fund/ETF). What determines the dividend level here is the yield on the underlying U.S. Treasury obligations the fund holds, which fluctuates with short-term interest rates. The history table shows this clearly: annual distributions fell sharply in years when rates dropped, with 2020 delivering just $0.2743 per share compared to $1.8713 in 2019, a direct reflection of rate cuts rather than any fund-level distress.

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 32.9% per year from 2017 to 2024. Per-share distributions grew from $0.6269 in 2017 to $4.5965 in 2024 (2025 and 2026 are partial years and excluded from this calculation). The smallest annual increase in the window was 2.1% in 2024, a sharp deceleration from the 141.9% surge recorded in 2018, which illustrates how tightly BIL's growth tracks the direction of interest rates rather than any internal dividend policy.

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

Period	CAGR	From	To
3-Year	+45.1%	$1.24 (2022)	$3.77 (2025)
5-Year	+15.1%	$1.87 (2019)	$3.77 (2025)
10-Year	+45.6%	$0.09 (2009)	$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 backed by U.S. Treasury securities and can accept that the yield level is entirely rate-dependent. The current yield of 3.71% falls in the moderate (2–4%) range, and there is no 5-year average yield available for comparison. The trade-off is straightforward: the fund offers no dividend growth commitment and zero consecutive years of dividend increases, so income can shrink quickly when rates fall, as 2020 demonstrated. What an investor gets is direct exposure to short-term government rates with monthly distributions. What they accept is full income variability tied to monetary policy.

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

Payment Date	Amount per Share
2026-10-01	$0.2630
2026-09-01	$0.2798
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

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

Year	Total Dividends
2026	$2.4031
2025	$3.7726
2024	$4.5965
2023	$4.5011
2022	$1.2361

Frequently Asked Questions

How often does BIL pay dividends?

State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) pays dividends monthly — 12 times per year.

Does BIL pay monthly dividends?

Yes — State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) pays dividends every month.

What is BIL's dividend yield?

State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) currently yields 3.71% based on the annual dividend rate and today's share price.

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

Yes. The history table shows a sharp decline in 2020, when annual distributions fell to $0.2743 per share from $1.8713 in 2019. This reflects the rate environment of that period, not a fund-level policy change.

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 32.9% per year from 2017 to 2024. That figure is heavily influenced by rate cycles, not a managed growth policy.

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

BIL offers a 3.71% yield paid monthly, backed by U.S. Treasury obligations. Income investors who need predictable monthly cash flow tied to government securities will find the structure straightforward, but the income level moves with short-term interest rates and carries no growth guarantee.

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 distributions over dividend growth. With zero consecutive years of dividend increases, it is not a fit for investors seeking a rising income stream.

Why is State Street SPDR Bloomberg 1-3 Month T-Bill ETF dividend yield moderate?

The 3.71% yield reflects current short-term U.S. Treasury rates, which the fund tracks directly through its index mandate. Payout ratio is not applicable (fund/ETF), so the yield is set entirely by the market rate on one-to-three-month government obligations.

Latest BIL News

• 7 Best Treasury ETFs to Buy Now | Investing - U.S. News - Money — U.S. News - Money
• Genting falls 17% to 2007 lows after over RM1 bil cash call - KLSE Screener — KLSE Screener
• Genting falls 23% to 2007 lows after over RM1 bil cash call - The Edge Malaysia — The Edge Malaysia

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