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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): iShares MSCI Japan ETF (EWJ) pays a $3.56 annual dividend, yielding 3.67% at $97.00/share. Next ex-dividend date 2026-06-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.67%
Annual Dividend: $3.56 per share
Ex-Dividend Date: 2026-06-15
Sector: Financial Services
Years of Dividend History: 28
The iShares MSCI Japan ETF dividend reflects the fund's singular focus: replicating the performance of a benchmark index made up entirely of Japanese companies. EWJ currently yields 3.67%, with a trailing annual dividend rate of $3.5623 per share. The next ex-dividend date is June 15, 2026, with the last dividend paid at $0.5010 per share. A beta of 0.83 means EWJ moves less sharply than the broader market, which appeals to income investors who want Japan equity exposure without extreme price swings.
iShares MSCI Japan ETF pays out dividends as a pass-through of income from its underlying Japanese equity holdings, a payout ratio classified as not applicable (fund/ETF). Because the fund simply passes along what its constituent companies distribute, the payout level is directly tied to the dividend behavior of Japanese corporations in the index. iShares MSCI Japan ETF dividend safety is therefore a function of those underlying companies' earnings, not a fixed corporate payout policy. The most significant pressure point: if Japanese companies broadly cut or reduce distributions, EWJ's per-share dividend falls in step, with no retained earnings buffer to smooth the impact.
iShares MSCI Japan ETF dividend history shows a CAGR of 11.9% per year from 2008 to 2025. Per-share payments grew from $0.5400 in 2008 to $3.6526 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 132.2% in 2025. The data also contains at least one year-over-year decline exceeding 5%, so the growth path has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | +39.2% | $0.70 (2020) | $3.65 (2025) |
| 10-Year | +19.5% | $0.62 (2015) | $3.65 (2025) |
EWJ fits dividend investors who want exposure to Japanese equities and are comfortable with variable, index-driven payouts rather than a predictable corporate dividend policy. The current yield of 3.67% sits in the moderate (2–4%) range and is well above the fund's 5-year average yield of 1.77%, which means today's income level is historically elevated. The 11.9% CAGR over 17 years is strong on paper, but year-to-year swings in the payout are real. What an investor gets is meaningful current income from a diversified Japanese equity index. What they accept is a dividend that can drop sharply when underlying Japanese companies pull back their distributions.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-15 | $0.5010 |
| 2025-12-16 | $3.0614 |
| 2025-06-16 | $0.5912 |
| 2024-12-17 | $1.0644 |
| 2024-06-11 | $0.5087 |
| 2023-12-20 | $0.8746 |
| 2023-06-07 | $0.4306 |
| 2022-12-13 | $0.1243 |
| 2022-06-09 | $0.5459 |
| 2021-12-13 | $0.8881 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5010 |
| 2025 | $3.6526 |
| 2024 | $1.5732 |
| 2023 | $1.3052 |
| 2022 | $0.6702 |
Project income from EWJ with the EWJ dividend calculator or track your full portfolio with the dividend tracker.