NOBL Dividend Yield 2026: ProShares S&P 500 Dividend Aristocrats ETF

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Data last updated: Oct 25, 2026

Dividend Yield: 2.01%

Dividend Frequency: quarterly

Years of Dividend History: 14

About ProShares S&P 500 Dividend Aristocrats ETF Dividend

The ProShares - S&P 500 Dividend Aristocrats ETF dividend comes from a fund that holds at least 40 equally weighted companies drawn from the S&P 500 Dividend Aristocrats index, with no single sector allowed to exceed 30% of the portfolio. NOBL currently yields 2.09%, paying $1.1648 per share over the trailing twelve months in quarterly installments, with the next ex-dividend date set for June 24, 2026. With a beta of 0.62, the fund moves meaningfully less than the broader market, which suits dividend investors who prioritize lower volatility over maximum yield.

Dividend Safety

ProShares - S&P 500 Dividend Aristocrats ETF pays out dividends as a pass-through from its underlying holdings, making a traditional payout ratio not applicable (fund/ETF). ProShares - S&P 500 Dividend Aristocrats ETF dividend safety is structurally tied to the income generated by its constituent equities, which the fund's rules require to be equally weighted across at least 40 companies, limiting concentration risk in any single name. The most meaningful pressure point is that the fund's distributions fluctuate with the actual dividends paid by its holdings, as seen in the year-over-year decline in 2022 when the annual payout dropped from $0.9301 to $0.8720.

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) Dividend Growth Rate, CAGR, and History

Over the past 11 years, ProShares - S&P 500 Dividend Aristocrats ETF has grown its dividend at 9.8% per year, rising from $0.3997 per share in 2014 to $1.1127 in 2025 (2026 is a partial year and excluded from this calculation). The largest single-year jump in the ProShares - S&P 500 Dividend Aristocrats ETF dividend history was 28.9% in 2018. Growth has not been linear: 2017 and 2022 both saw year-over-year declines, which means the 9.8% CAGR reflects an average across an uneven path, not a straight upward line.

ProShares S&P 500 Dividend Aristocrats ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+8.5%	$0.87 (2022)	$1.11 (2025)
5-Year	+5.4%	$0.85 (2020)	$1.11 (2025)
10-Year	+8.4%	$0.50 (2015)	$1.11 (2025)

Is ProShares S&P 500 Dividend Aristocrats ETF a Good Dividend Stock?

NOBL fits dividend investors who want broad exposure to dividend-growing companies with below-market volatility, accepting a moderate (2-4%) yield in exchange for a diversified, rules-based structure. At 2.09%, the current yield sits above the fund's own 5-year average of 1.77%, which means income investors are getting a relatively better entry point on yield than the recent norm. The trade-off is clear: distributions are not guaranteed and have dipped in past years, as 2022 demonstrated. What NOBL offers is a 9.8% dividend CAGR over 11 years and a beta of 0.62, pairing income growth with lower price swings.

Recent ProShares S&P 500 Dividend Aristocrats ETF Dividend Payments

Payment Date	Amount per Share
2026-09-23	$0.2825
2026-06-24	$0.3037
2026-03-25	$0.2561
2025-12-24	$0.3306
2025-09-24	$0.2744
2025-06-25	$0.2750
2025-03-26	$0.2327
2024-12-23	$0.2932
2024-09-25	$0.2612
2024-06-26	$0.2751

ProShares S&P 500 Dividend Aristocrats ETF Annual Dividend History

Year	Total Dividends
2026	$0.8423
2025	$1.1127
2024	$1.0226
2023	$0.9968
2022	$0.8720

Frequently Asked Questions

How often does NOBL pay dividends?

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) pays dividends quarterly — 4 times per year.

Does NOBL pay monthly dividends?

No — ProShares S&P 500 Dividend Aristocrats ETF (NOBL) pays quarterly, not monthly.

What is NOBL's dividend yield?

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) currently yields 2.01% based on the annual dividend rate and today's share price.

Has ProShares - S&P 500 Dividend Aristocrats ETF ever cut its dividend?

Yes, within the available history the annual payout declined twice: from $0.5747 in 2016 to $0.5571 in 2017, and from $0.9301 in 2021 to $0.8720 in 2022. These are year-over-year declines in the data, not isolated anomalies.

How fast has ProShares - S&P 500 Dividend Aristocrats ETF grown its dividend?

NOBL has grown its dividend at a compound annual growth rate (CAGR) of 9.8% per year from 2014 to 2025. Over that window, the per-share annual payout rose from $0.3997 to $1.1127.

Is ProShares - S&P 500 Dividend Aristocrats ETF a good dividend stock for income investors?

NOBL carries a moderate (2-4%) yield of 2.09% and a 9.8% dividend CAGR over 11 years, which suits income investors who prioritize dividend growth and low volatility over high current yield. Distributions have dipped in past years, so income is not fixed.

What type of investor is ProShares - S&P 500 Dividend Aristocrats ETF best suited for?

NOBL fits dividend investors who want diversified exposure to dividend-growing equities with below-market price swings, reflected in its beta of 0.62. It is less suited for investors seeking maximum current income.

How does ProShares - S&P 500 Dividend Aristocrats ETF compare to its own historical yield?

At 2.09%, the current yield is above the fund's 5-year average of 1.77%. That 0.32 percentage point gap means the fund is currently offering more income relative to price than it has on average over the past five years.

Project income from NOBL with the NOBL dividend calculator or track your full portfolio with the dividend tracker.