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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) pays a $4.94 annual dividend ($0.38 monthly), yielding 4.60% at $107.56/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.60%
Annual Dividend: $4.94 per share
Ex-Dividend Date: 2026-07-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 25
The iShares iBoxx $ Investment Grade Corporate Bond ETF dividend comes from a fund built to track an index of high-quality, U.S. dollar-denominated corporate bonds. LQD currently yields 4.55%, with a trailing annual dividend rate of $4.9435 per share paid monthly. The next ex-dividend date is July 1, 2026, and the last payment was $0.3815 per share. With a beta of 1.33, LQD carries more price sensitivity than many income investors expect from a bond fund, making it a fit for those prioritizing yield over price calm.
iShares iBoxx $ Investment Grade Corporate Bond ETF pays out dividends as a pass-through of bond interest income, making a traditional payout ratio not applicable (fund/ETF). The iShares iBoxx $ Investment Grade Corporate Bond ETF dividend safety rests on the income generated by the underlying index of investment-grade corporate bonds, all denominated in U.S. dollars. The primary pressure point is interest rate movement: as rates shift, the yield and price of the underlying bonds change, which flows directly into what LQD can distribute.
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 at the start of the window to $4.9360 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 27.0% in 2023, but the overall trend across the full period is negative, and the data contains at least one year-over-year decline exceeding 5%. For income investors, that long-run drift lower is the defining characteristic of LQD's payout history.
| 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 investment-grade corporate bonds and can accept that the payout level fluctuates with interest rates rather than growing steadily. The current yield is classified as high (above 4%), and at 4.55% it sits meaningfully above the 5-year average of 3.78%, reflecting the higher-rate environment of recent years. The trade-off is clear: the long-run dividend CAGR is -0.9%, so the income stream has not grown in real terms over the full history window. What an investor gets is a high current yield from a diversified bond index; what they accept is a payout that can shrink when rates fall.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-10-01 | $0.4060 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.4564 |
| 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.