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Data last updated: Nov 05, 2026
Dividend Yield: 3.54%
Dividend Frequency: monthly
Years of Dividend History: 16
The iShares Floating Rate Bond ETF dividend comes from a fund that invests at least 80% of its assets in the component securities of its underlying fixed income index. FLOT currently yields 3.54%, placing it in moderate yield territory for income-focused investors. The fund pays monthly, which suits investors who prefer regular cash flow over quarterly distributions. That monthly cadence, backed by a mandate to hold at least 90% in index-eligible fixed income securities, makes FLOT a straightforward income tool for dividend investors prioritizing payment frequency.
iShares Floating Rate Bond ETF dividend safety depends on the aggregate distributions generated by the underlying fixed income securities the fund tracks, not on a corporate payout ratio. Payout ratio is not applicable (fund/ETF). The most data-supported pressure point is the fund's history of year-over-year declines: annual distributions fell sharply from $1.4180 in 2019 to $0.6340 in 2020 and again to $0.2160 in 2021, showing that when the underlying rate environment shifts, FLOT's distributions move with it. Income investors should treat the dividend level as rate-sensitive, not fixed.
iShares Floating Rate Bond ETF dividend history shows a CAGR of 29.5% per year from 2014 to 2024. Per-share distributions grew from $0.2230 to $2.9590 over that decade (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 176.6% in 2023. Growth is not linear: the data also contains at least one year-over-year decline exceeding 5%, which reflects how directly FLOT's distributions track the interest rate environment rather than a company's dividend policy.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +33.4% | $1.04 (2022) | $2.46 (2025) |
| 5-Year | +31.2% | $0.63 (2020) | $2.46 (2025) |
| 10-Year | +25.0% | $0.27 (2015) | $2.46 (2025) |
FLOT fits dividend investors who want monthly income tied to floating rate fixed income securities and can accept distributions that move with interest rates. The current yield of 3.54% falls in the moderate (2–4%) range, and no 5-year average yield is available for direct comparison. The fund's 29.5% annualized growth rate over 2014 to 2024 looks impressive on paper, but that number is almost entirely a function of rising rates, not a managed dividend growth program. What an investor gets is monthly cash flow from a rules-based index fund. What they accept is a distribution level that can fall as quickly as it rose.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.1810 |
| 2026-08-03 | $0.1770 |
| 2026-07-01 | $0.1730 |
| 2026-06-01 | $0.1770 |
| 2026-05-01 | $0.1770 |
| 2026-04-01 | $0.1790 |
| 2026-03-02 | $0.1640 |
| 2026-02-02 | $0.1740 |
| 2025-12-19 | $0.2030 |
| 2025-12-01 | $0.1930 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.4020 |
| 2025 | $2.4600 |
| 2024 | $2.9590 |
| 2023 | $2.8660 |
| 2022 | $1.0360 |
Project income from FLOT with the FLOT dividend calculator or track your full portfolio with the dividend tracker.