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Data last updated: Oct 19, 2026
Dividend Yield: 3.34%
Dividend Frequency: monthly
Years of Dividend History: 13
The iShares National Muni Bond ETF dividend comes from a fund that holds municipal bonds whose interest is exempt from federal income taxes and not subject to the alternative minimum tax. MUB currently yields 3.4%, paid monthly. That tax-exempt income structure makes this fund particularly relevant for income-focused investors in higher tax brackets.
iShares National Muni Bond ETF dividend safety depends on the aggregate distributions from the underlying municipal bonds in the index, not on a corporate payout ratio, making the concept not applicable (fund/ETF). The most data-supported pressure point is the history of year-over-year declines: annual distributions fell from $2.6784 in 2018 to $2.4740 in 2020, and again from $2.5005 in 2017 to a low of $2.0991 in 2021, showing that MUB payouts can and do move lower when the underlying bond environment shifts.
iShares National Muni Bond ETF dividend history shows a CAGR of 3.9% per year from 2016 to 2025. Per-share distributions 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, while the fund has also posted four consecutive years of dividend increases through 2025.
| 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 tax-exempt municipal bonds and can accept that distributions fluctuate with the bond market rather than growing on a predictable corporate schedule. The yield sits in the moderate (2–4%) range at 3.4%, which is meaningful but not outsized. The trade-off is real: the fund has posted year-over-year declines in the past, so income is not guaranteed to hold steady. What an investor gets is federal tax-exempt monthly income backed by a broad municipal bond index; what they accept is variability in the payout level tied to interest rate and bond market conditions.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.2790 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.5659 |
| 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.