MDY Dividend Yield 2026: State Street SPDR S&P MIDCAP 400 ETF Trust

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) pays a $7.02 annual dividend ($1.70 quarterly), yielding 1.02% at $691.52/share. Next ex-dividend date 2026-06-18. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 1.02%

Annual Dividend: $7.02 per share

Ex-Dividend Date: 2026-06-18

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 32

About State Street SPDR S&P MIDCAP 400 ETF Trust Dividend

The State Street SPDR S&P MIDCAP 400 ETF Trust dividend reflects the income generated by a fund designed to track the S&P MidCap 400 Index, giving investors exposure to mid-sized U.S. companies. MDY currently yields 1.02%, with a trailing annual dividend rate of $7.0208 per share paid quarterly. The next ex-dividend date is June 18, 2026. At that yield level, MDY fits growth-and-income investors more than pure income seekers, a point reinforced by its 10.5% dividend CAGR over the past 14 years.

Dividend Safety

State Street SPDR S&P MIDCAP 400 ETF Trust pays out dividends as a pass-through of index income, making a traditional payout ratio not applicable (fund/ETF). State Street SPDR S&P MIDCAP 400 ETF Trust dividend safety is structurally tied to the aggregate dividend income produced by the S&P MidCap 400 Index constituents, not to a single company's earnings. The most significant pressure point is that the fund's distributions move directly with the dividend activity of its underlying holdings, meaning a broad pullback in mid-cap payouts would flow through to MDY shareholders.

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) Dividend Growth Rate, CAGR, and History

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 partial and excluded from the CAGR calculation). The largest single-year jump was 23.7% in 2012, though the history also contains at least one year-over-year decline exceeding 5%, with 2020 dropping from $5.0430 to $4.7130.

State Street SPDR S&P MIDCAP 400 ETF Trust Dividend Growth Rate (CAGR)

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)

Is State Street SPDR S&P MIDCAP 400 ETF Trust a Good Dividend Stock?

MDY fits growth-and-income investors who want dividend growth from a broad mid-cap index fund and are willing to accept a low current yield in exchange for it. The yield sits at low (below 2%), currently 1.02%, which is above the 5-year average of 0.89% but still modest for income-focused portfolios. Five consecutive years of dividend increases and a 10.5% CAGR over 14 years are the real draw here. The trade-off is straightforward: MDY delivers meaningful dividend growth tied to the S&P MidCap 400 Index, but the current income it generates is thin for investors who need yield today.

Recent State Street SPDR S&P MIDCAP 400 ETF Trust Dividend Payments

Payment Date	Amount per Share
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
2024-03-15	$1.0140

State Street SPDR S&P MIDCAP 400 ETF Trust Annual Dividend History

Year	Total Dividends
2026	$3.2185
2025	$6.9133
2024	$6.7423
2023	$6.1513
2022	$6.0480

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.04% yield)
• JPM — JPMorgan Chase & Co. (1.67% yield)
• IVV — iShares Core S&P 500 ETF (1.06% yield)

Frequently Asked Questions

Does MDY pay dividends?

Yes, State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) pays a $1.70 quarterly dividend per share, yielding 1.02%.

How often does State Street SPDR S&P MIDCAP 400 ETF Trust pay dividends?

State Street SPDR S&P MIDCAP 400 ETF Trust pays dividends quarterly. The most recent dividend was $1.7022 per share, with the next ex-dividend date set for June 18, 2026.

What is State Street SPDR S&P MIDCAP 400 ETF Trust's current dividend yield?

The current MDY dividend yield is 1.02%, above the 5-year average yield of 0.89%. That puts the current yield at the higher end of its recent historical range, though it remains in low-yield territory overall.

Has State Street SPDR S&P MIDCAP 400 ETF Trust ever cut its dividend?

Yes, within the available history window, MDY's annual dividend declined from $5.0430 in 2019 to $4.7130 in 2020, a year-over-year drop exceeding 5%. No other cuts appear in the 2011-2025 data.

How fast has State Street SPDR S&P MIDCAP 400 ETF Trust grown its dividend?

MDY has grown its dividend at a compound annual growth rate (CAGR) of 10.5% per year from 2011 to 2025. Per-share payments rose from $1.7140 to $6.9133 over that 14-year window.

What type of investor is State Street SPDR S&P MIDCAP 400 ETF Trust best suited for?

MDY suits growth-and-income investors who prioritize dividend growth over current yield. A 10.5% CAGR over 14 years is the main draw; the 1.02% current yield makes it a poor fit for investors who need high income today.

Is State Street SPDR S&P MIDCAP 400 ETF Trust dividend safe?

Because payout ratio is not applicable (fund/ETF), dividend safety depends on the income generated by S&P MidCap 400 Index constituents. The 2020 history shows distributions can dip when broad mid-cap dividend activity contracts.

How does State Street SPDR S&P MIDCAP 400 ETF Trust compare to its own historical yield?

The current yield of 1.02% is above the 5-year average of 0.89%, so MDY stock is currently yielding more than its recent norm. That said, both figures fall well below the 2% threshold that income-focused investors typically target.

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