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Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Pacer US Cash Cows 100 ETF (COWZ) pays a $0.00 annual dividend, yielding 1.91% at $71.08/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.91%
Annual Dividend: $0.00 per share
Dividend Frequency: quarterly
Years of Dividend History: 11
The Pacer US Cash Cows 100 ETF dividend comes from a rules-based fund targeting large and mid-cap U.S. companies with high free cash flow yields. COWZ currently yields 2.04%, placing it in moderate territory for income-focused investors. The fund pays quarterly. Dividend investors drawn to free cash flow discipline rather than sector bets will find COWZ's structure directly tied to that mandate, with 11 years of dividend history behind it.
Pacer US Cash Cows 100 ETF dividend safety depends on the aggregate distributions from its underlying holdings, which the index selects specifically for high free cash flow yields. Payout ratio is not applicable (fund/ETF). The most data-supported pressure point is year-to-year variability: the annual dividend per share dropped from $0.8513 in 2020 to $0.6971 in 2021, showing that COWZ's distributions can move down when the free cash flow profile of its holdings shifts.
Pacer US Cash Cows 100 ETF dividend history shows a CAGR of 11.2% per year from 2017 to 2025. Per-share payments grew from $0.5646 to $1.3188 over that window (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 3.0% in 2024, a reminder that growth is uneven year to year even when the long-run rate looks strong.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.4% | $0.90 (2022) | $1.32 (2025) |
| 5-Year | +9.1% | $0.85 (2020) | $1.32 (2025) |
COWZ fits dividend investors who want exposure to free cash flow-oriented U.S. equities and can accept variable annual payouts. The current yield of 2.04% is moderate (2-4%), and no 5-year average yield is available for direct comparison. The 11.2% CAGR from 2017 to 2025 is the fund's clearest strength. The trade-off is that distributions are not smoothed or managed for income predictability, so a year like 2021 (down from 2020) is part of the deal. Investors get free cash flow discipline built into the index methodology; they accept that the dollar amount paid out can fall in any given year.
| 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 | $0.9046 |
Project income from COWZ with the COWZ dividend calculator or track your full portfolio with the dividend tracker.