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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) pays a $5.40 annual dividend ($0.44 monthly), yielding 5.13% at $105.22/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.13%
Annual Dividend: $5.40 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 25
The iShares iBoxx $ Investment Grade Corporate Bond ETF dividend comes from a fund engineered to track an index of high-quality corporate bonds issued and traded in U.S. dollars. LQD currently yields 4.67%, with a trailing annual dividend rate of $4.9569 per share. The fund pays monthly, with the next ex-dividend date set for August 3, 2026, and the last dividend amount was $0.4576 per share. A beta of 1.34 means LQD moves more than the broader market, so this is not a low-volatility income play despite its bond-focused mandate.
iShares iBoxx $ Investment Grade Corporate Bond ETF pays out dividends as a pass-through from its underlying bond holdings, making a traditional payout ratio not applicable (fund/ETF). The current payout level is directly tied to the interest income generated by the fund's portfolio of U.S. dollar-denominated, investment-grade corporate bonds. For iShares iBoxx $ Investment Grade Corporate Bond ETF dividend safety, the key risk is that falling interest rates reduce the income generated by the underlying bonds, which flows directly into lower per-share distributions.
iShares iBoxx $ Investment Grade Corporate Bond ETF dividend history shows a CAGR of -0.9% per year from 2009 to 2025. Per-share payments moved from $5.7260 in 2009 to $4.9360 in 2025 (with 2026 a partial year). The largest annual increase in the window was 27.0% in 2023, reflecting the sharp rise in interest rates that year, and the data also contains at least one year-over-year decline exceeding 5%.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +12.4% | $3.48 (2022) | $4.94 (2025) |
| 5-Year | +6.1% | $3.67 (2020) | $4.94 (2025) |
| 10-Year | +2.2% | $3.96 (2015) | $4.94 (2025) |
LQD fits income-focused investors who want monthly cash flow from a portfolio of investment-grade corporate bonds. The current yield is classified as high (above 4%), and at 4.67% it sits meaningfully above the fund's own 5-year average of 3.87%, which reflects the higher interest rate environment of recent years. The four-year streak of consecutive increases is a positive, but the long-run CAGR of -0.9% makes clear that dividend growth is not the story here. What an investor gets is a high current yield paid monthly; what they accept is a distribution level that has historically moved with interest rates, not steadily upward.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $0.4576 |
| 2026-07-01 | $0.3815 |
| 2026-06-01 | $0.4133 |
| 2026-05-01 | $0.4245 |
| 2026-04-01 | $0.4460 |
| 2026-03-02 | $0.3830 |
| 2026-02-02 | $0.4080 |
| 2025-12-19 | $0.4360 |
| 2025-12-01 | $0.4130 |
| 2025-11-03 | $0.4020 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.9140 |
| 2025 | $4.9360 |
| 2024 | $4.7500 |
| 2023 | $4.4200 |
| 2022 | $3.4800 |
Project income from LQD with the LQD dividend calculator or track your full portfolio with the dividend tracker.