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Data last updated: Oct 12, 2026
Dividend Yield: 6.14%
Dividend Frequency: monthly
Years of Dividend History: 20
The iShares iBoxx $ High Yield Corporate Bond ETF dividend comes from a fund that holds U.S. dollar-denominated corporate bonds with below-investment-grade credit ratings, which pay higher yields in exchange for higher default risk. HYG currently yields 6.03%, with a trailing annual dividend rate of $4.7384 per share paid monthly. The next ex-dividend date is September 1, 2026, and the last payment was $0.4350 per share. With a beta of 0.67, HYG moves less than the broader market, which suits income-focused investors who want high monthly cash flow with moderate price volatility.
iShares iBoxx $ High Yield Corporate Bond ETF pays out dividends as a pass-through from its underlying bond holdings, a payout ratio classified as not applicable (fund/ETF). The income distributed by HYG is directly tied to the interest payments generated by its portfolio of high-yield corporate bonds, so iShares iBoxx $ High Yield Corporate Bond ETF dividend safety depends on the creditworthiness of those underlying issuers and prevailing interest rates. The most significant pressure point is credit risk: because the fund holds bonds with lower credit ratings, a rise in corporate defaults would reduce the interest income flowing to shareholders.
iShares iBoxx $ High Yield Corporate Bond ETF dividend history shows a CAGR of -3.2% per year from 2010 to 2025. Per-share payments fell from $7.4500 in 2010 to $4.6074 in 2025 (with 2026 a partial year). The largest annual increase in the window was 13.9% in 2023, but the overall direction has been downward, and the data includes at least one year-over-year decline exceeding 5%.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $3.90 (2022) | $4.61 (2025) |
| 5-Year | +1.6% | $4.26 (2020) | $4.61 (2025) |
| 10-Year | -0.3% | $4.76 (2015) | $4.61 (2025) |
HYG fits income-focused investors who prioritize monthly cash flow over dividend growth. The current yield of 6.03% is high (above 4%) and sits above the 5-year average of 5.39%, meaning today's income rate is elevated relative to recent norms. The trade-off is clear: per-share payments have declined at -3.2% per year over the past 15 years, so the purchasing power of that income has eroded over time. What an investor gets is a high monthly yield from a diversified pool of high-yield corporate bonds. What they accept is a dividend that has trended lower, not higher, over the long run.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.3420 |
| 2026-09-01 | $0.4350 |
| 2026-08-03 | $0.3843 |
| 2026-07-01 | $0.3688 |
| 2026-06-01 | $0.4090 |
| 2026-05-01 | $0.4187 |
| 2026-04-01 | $0.3837 |
| 2026-03-02 | $0.3937 |
| 2026-02-02 | $0.3987 |
| 2025-12-19 | $0.3806 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.5339 |
| 2025 | $4.6074 |
| 2024 | $4.7240 |
| 2023 | $4.4446 |
| 2022 | $3.9032 |
Project income from HYG with the HYG dividend calculator or track your full portfolio with the dividend tracker.