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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): iShares National Muni Bond ETF (MUB) pays a $3.42 annual dividend ($0.29 monthly), yielding 3.29% at $104.03/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.29%
Annual Dividend: $3.42 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 13
The iShares National Muni Bond ETF dividend comes from a fund built entirely around high-quality U.S. municipal bonds, tracking a designated index of that asset class. MUB currently yields 3.29%, with a trailing annual dividend rate of $3.4230 per share paid monthly. The next ex-dividend date is September 1, 2026, and the last payment was $0.2899 per share. With a beta of 0.9, MUB suits income-focused investors who want regular monthly cash flow with relatively low price volatility.
iShares National Muni Bond ETF pays out dividends as a pass-through from its underlying municipal bond holdings, making a traditional payout ratio not applicable (fund/ETF). The fund's income is directly tied to the interest generated by its portfolio of high-quality U.S. municipal bonds, so iShares National Muni Bond ETF dividend safety depends on the credit quality and yield environment of that bond market rather than corporate earnings. The most significant pressure point is interest rate movement: rising rates can reduce the market value of existing bonds and compress the income passed through to shareholders.
iShares National Muni Bond ETF dividend history shows a CAGR of 3.9% per year from 2016 to 2025. Per-share payments grew from $2.3930 to $3.3644 over that window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 28.9% in 2023, though the data also contains at least one year-over-year decline exceeding 5%, reflecting how bond income can shift with the interest rate environment.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +14.8% | $2.23 (2022) | $3.36 (2025) |
| 5-Year | +6.3% | $2.47 (2020) | $3.36 (2025) |
| 10-Year | +4.9% | $2.08 (2015) | $3.36 (2025) |
MUB fits income-focused investors who want monthly cash flow from a portfolio of high-quality U.S. municipal bonds without taking on equity-level risk. The yield sits in the moderate (2–4%) range at 3.29%, which is meaningfully above the fund's own 5-year average of 2.65%, so current buyers are locking in a better-than-average income rate relative to recent history. Growth has averaged 3.9% annually since 2016, but the path has not been linear: the history includes at least one decline exceeding 5% in a single year. What an investor gets is monthly income from a low-volatility fund (beta 0.9); what they accept is that income levels can fluctuate with the broader interest rate environment.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.2899 |
| 2026-08-03 | $0.2863 |
| 2026-07-01 | $0.2886 |
| 2026-06-01 | $0.2798 |
| 2026-05-01 | $0.2889 |
| 2026-04-01 | $0.2821 |
| 2026-03-02 | $0.2922 |
| 2026-02-02 | $0.2791 |
| 2025-12-19 | $0.2855 |
| 2025-12-01 | $0.2882 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2869 |
| 2025 | $3.3644 |
| 2024 | $3.2055 |
| 2023 | $2.8686 |
| 2022 | $2.2259 |
Project income from MUB with the MUB dividend calculator or track your full portfolio with the dividend tracker.