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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Pacer US Cash Cows 100 ETF (COWZ) pays a $1.36 annual dividend ($0.34 quarterly), yielding 1.91% at $71.30/share. Next ex-dividend date 2026-09-03. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.91%
Annual Dividend: $1.36 per share
Ex-Dividend Date: 2026-09-03
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 11
The Pacer US Cash Cows 100 ETF dividend comes from a rules-based fund that targets the 100 highest free cash flow yield companies in the Russell 1000 index. COWZ currently yields 1.91%, with a trailing annual dividend rate of $1.3602 per share paid quarterly. The next ex-dividend date is September 3, 2026. With a beta of 0.72, COWZ stock moves less than the broader market, which suits growth-and-income investors who want dividend growth without taking on full market volatility.
Pacer US Cash Cows 100 ETF pays out dividends as a pass-through from its underlying holdings, making a traditional payout ratio not applicable (fund/ETF). Pacer US Cash Cows 100 ETF dividend safety is structurally tied to the free cash flow generation of its 100 holdings, since the fund's rules-based methodology selects specifically for high free cash flow yield. The primary risk is that a shift in market conditions could rotate the fund's holdings toward companies with weaker cash generation, which would pressure future distributions.
Over the past 8 years, Pacer US Cash Cows 100 ETF has grown its dividend at 11.2% per year, rising from $0.5640 per share in 2017 to $1.3188 in 2025 (2026 is a partial year). That rate of growth is the defining characteristic of COWZ as an income investment. The smallest annual increase in the window was 3.0% in 2024, while the Pacer US Cash Cows 100 ETF dividend history also includes a 40.1% jump in 2020, showing the range of outcomes this fund can produce.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.4% | $0.91 (2022) | $1.32 (2025) |
| 5-Year | +9.1% | $0.85 (2020) | $1.32 (2025) |
COWZ fits growth-and-income investors who prioritize dividend growth over current yield, and the 11.2% CAGR since 2017 is the clearest argument for that profile. The current yield is low (below 2%), and at 1.91% it sits above the 5-year average of 1.39%, so income investors are getting a relatively better entry point on yield than the historical norm. The trade-off is straightforward: COWZ stock delivers strong dividend growth driven by its free cash flow selection methodology, but the current income is modest. Investors who need high current income from day one will find the yield insufficient; those focused on growing income over time get a fund with an 11.2% annual growth rate behind it.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-03 | $0.4314 |
| 2026-06-04 | $0.1118 |
| 2026-03-05 | $0.2003 |
| 2025-12-30 | $0.6167 |
| 2025-09-04 | $0.3092 |
| 2025-06-05 | $0.1642 |
| 2025-03-06 | $0.2287 |
| 2024-12-27 | $0.2376 |
| 2024-09-26 | $0.2478 |
| 2024-06-27 | $0.3004 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.7435 |
| 2025 | $1.3188 |
| 2024 | $1.0301 |
| 2023 | $1.0000 |
| 2022 | $0.9050 |
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