The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): iShares MBS ETF (MBB) pays a $4.04 annual dividend ($0.34 monthly), yielding 4.36% at $92.72/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.36%
Annual Dividend: $4.04 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 20
The iShares MBS ETF dividend comes from a fund that holds agency mortgage-backed pass-through securities guaranteed or issued by U.S. government agencies. MBB currently yields 4.36%, with a trailing annual dividend rate of $4.0402 per share. The fund pays monthly, with the next ex-dividend date on September 1, 2026, and the last payment was $0.3388 per share. That monthly cadence and above-4% yield make MBB a natural fit for income-focused investors who want regular cash flow from government-backed fixed income exposure.
iShares MBS ETF pays out dividends as a pass-through of income from its underlying holdings, with a payout ratio classified as not applicable (fund/ETF). The income stream is tied directly to the mortgage-backed securities in the portfolio, all of which carry agency backing from U.S. government entities, which supports the current payout level. For iShares MBS ETF dividend safety, the key pressure point is interest rate sensitivity: the fund's beta of 1.14 means its price and income distributions can move more than expected relative to the broader market, and shifts in the rate environment directly affect the yield generated by the underlying pass-through securities.
iShares MBS ETF dividend history shows a CAGR of -0.7% per year from 2008 to 2025. Per-share payments moved from $4.5480 at the start of the window to $4.0050 by 2025 (2026 is a partial year and excluded from this calculation). The largest single-year jump in the window was 52.2% in 2015, but the long-run trend is negative, and the data block confirms at least one year-over-year decline exceeding 5%. For income investors, that -0.7% CAGR means the dividend has not kept pace with inflation over the full period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +23.2% | $2.14 (2022) | $4.00 (2025) |
| 5-Year | +11.6% | $2.31 (2020) | $4.00 (2025) |
| 10-Year | +3.4% | $2.86 (2015) | $4.00 (2025) |
MBB fits income-focused investors who want monthly distributions from U.S. government-backed mortgage securities and can accept that the dividend level has drifted lower over time. The current yield is classified as high (above 4%), and at 4.36% it sits well above the 5-year average yield of 3.0%, which means today's income is meaningfully better than what the fund delivered on average over the past five years. The trade-off is clear: the long-run dividend CAGR is -0.7%, so the fund delivers income now but has not grown that income in real terms. Investors get a high current yield from agency-backed securities; they accept that the payout has no meaningful growth trajectory behind it.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.3388 |
| 2026-08-03 | $0.3413 |
| 2026-07-01 | $0.3373 |
| 2026-06-01 | $0.3334 |
| 2026-05-01 | $0.3347 |
| 2026-04-01 | $0.3330 |
| 2026-03-02 | $0.3278 |
| 2026-02-02 | $0.3347 |
| 2025-12-19 | $0.3341 |
| 2025-12-01 | $0.3469 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.6808 |
| 2025 | $4.0050 |
| 2024 | $3.6086 |
| 2023 | $3.1980 |
| 2022 | $2.1428 |
Project income from MBB with the MBB dividend calculator or track your full portfolio with the dividend tracker.