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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) pays a $6.81 annual dividend ($1.70 quarterly), yielding 1.06% at $659.87/share. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.06%
Annual Dividend: $6.81 per share
Dividend Frequency: quarterly
Years of Dividend History: 32
The State Street SPDR S&P MIDCAP 400 ETF Trust dividend reflects the fund's goal of tracking the capital appreciation and dividend income of the S&P MidCap 400 Index, giving investors broad exposure to mid-sized U.S. companies. MDY currently yields 1.05%, with a trailing annual dividend rate of $7.0058 per share paid quarterly. The next ex-dividend date is September 18, 2026. At a beta of 1.012, MDY moves nearly in lockstep with the broader market, making it a fit for growth-and-income investors comfortable with market-level volatility.
State Street SPDR S&P MIDCAP 400 ETF Trust pays out dividends as a pass-through of underlying index income, making a traditional payout ratio not applicable (fund/ETF). State Street SPDR S&P MIDCAP 400 ETF Trust dividend safety is directly tied to the aggregate dividend income generated by the roughly 400 mid-cap companies held in the S&P MidCap 400 Index, not to any single company's earnings. The primary pressure on the payout is a broad decline in dividends across those underlying holdings, as the fund has no independent earnings to buffer against index-level income drops.
State Street SPDR S&P MIDCAP 400 ETF Trust dividend history shows a CAGR of 10.5% per year from 2011 to 2025. Per-share payments grew from $1.7140 to $6.9133 over that window (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 23.7% in 2012, while the data also contains at least one year-over-year decline exceeding 5%, with 2020 dropping to $4.7130 from $5.0430 the prior year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.6% | $6.05 (2022) | $6.91 (2025) |
| 5-Year | +8.0% | $4.71 (2020) | $6.91 (2025) |
| 10-Year | +7.2% | $3.44 (2015) | $6.91 (2025) |
MDY fits growth-and-income investors who want dividend growth from a diversified mid-cap index rather than a high current income stream. The yield is low (below 2%) at 1.05% today, though that sits above the 5-year average of 0.92%, meaning current buyers are getting slightly more income than the historical norm. Five consecutive years of dividend increases and a 10.5% CAGR since 2011 are the real draw here. The trade-off is clear: income today is modest, but the fund's structure as a pass-through of S&P MidCap 400 dividends means growth is tied to what hundreds of underlying companies collectively pay out.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-18 | $1.6035 |
| 2026-06-18 | $1.7022 |
| 2026-03-20 | $1.5163 |
| 2025-12-19 | $2.1837 |
| 2025-09-19 | $1.6186 |
| 2025-06-20 | $1.8033 |
| 2025-03-21 | $1.3077 |
| 2024-12-20 | $2.0814 |
| 2024-09-20 | $1.6495 |
| 2024-06-21 | $1.9974 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.8220 |
| 2025 | $6.9133 |
| 2024 | $6.7423 |
| 2023 | $6.1513 |
| 2022 | $6.0480 |
Project income from MDY with the MDY dividend calculator or track your full portfolio with the dividend tracker.