PAAA Dividend Yield 2026: PGIM AAA CLO ETF

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Data last updated: Jul 19, 2026

Snapshot (as of Jul 19, 2026): PGIM AAA CLO ETF (PAAA) pays a $2.49 annual dividend ($0.20 monthly), yielding 4.84% at $51.40/share. Next ex-dividend date 2026-06-30. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 4.84%

Annual Dividend: $2.49 per share

Ex-Dividend Date: 2026-06-30

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 4

About PGIM AAA CLO ETF Dividend

PGIM AAA CLO ETF dividend targets both income generation and asset value growth through a portfolio focused on AAA-rated collateralized loan obligations. The fund currently yields 4.84%, with a trailing annual dividend rate of $2.4854 per share paid monthly. The next ex-dividend date is June 30, 2026, and the last payment was $0.2035 per share. With a beta of 0.03, PAAA exhibits extremely low price volatility, which suits income-focused investors who prioritize capital preservation alongside yield.

Dividend Safety

PGIM AAA CLO ETF pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). PGIM AAA CLO ETF dividend safety rests on the fund's dual mandate of income generation and asset value growth, as described in its core objective, rather than on a traditional earnings-based payout constraint. The most significant data-supported pressure on the dividend is the year-over-year decline from $3.0110 per share in 2024 to $2.6259 in 2025, a drop of 12.8%, which shows the monthly distribution is not fixed and can move lower.

PGIM AAA CLO ETF (PAAA) Dividend Growth Rate, CAGR, and History

PGIM AAA CLO ETF dividend history shows a CAGR of -12.8% per year from 2024 to 2025. Per-share payments fell from $3.0110 in 2024 to $2.6259 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual change in the window was -12.8% in 2025, the only complete year-over-year comparison available, meaning PAAA has not demonstrated dividend growth in the data on record.

Is PGIM AAA CLO ETF a Good Dividend Stock?

PAAA fits income-focused investors who want monthly cash flow from a low-volatility fund and can accept distributions that fluctuate with market conditions. The yield is classified as high (above 4%), and at 4.84% it sits above the 5-year average of 4.57%, which is a meaningful premium for income seekers. The trade-off is clear: PAAA offers no dividend growth streak and recorded a 12.8% annual decline in per-share payments from 2024 to 2025. An investor gains above-average yield and near-zero price beta; what they accept is a distribution that can and does shrink.

Recent PGIM AAA CLO ETF Dividend Payments

Payment Date	Amount per Share
2026-06-30	$0.2035
2026-05-29	$0.1926
2026-04-30	$0.1902
2026-03-31	$0.2006
2026-03-02	$0.1907
2026-02-02	$0.1933
2025-12-19	$0.2097
2025-12-01	$0.2054
2025-11-03	$0.2208
2025-10-01	$0.2243

PGIM AAA CLO ETF Annual Dividend History

Year	Total Dividends
2026	$1.1709
2025	$2.6259
2024	$3.0110
2023	$1.3925

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.04% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.08% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.10% yield)
• FXAIX — Fidelity 500 Index Fund (1.06% yield)

Frequently Asked Questions

How often does PGIM AAA CLO ETF pay dividends?

PGIM AAA CLO ETF pays dividends monthly. The last dividend was $0.2035 per share, and the next ex-dividend date is June 30, 2026.

What is PGIM AAA CLO ETF's current dividend yield?

The current PGIM AAA CLO ETF dividend yield is 4.84%. That sits above the fund's 5-year average yield of 4.57%, making it slightly elevated relative to its own history.

Has PGIM AAA CLO ETF ever cut its dividend?

Yes. Annual per-share payments fell from $3.0110 in 2024 to $2.6259 in 2025, a year-over-year decline of 12.8%. The available history covers only complete years from 2024 to 2025, so the record is limited.

How fast has PGIM AAA CLO ETF grown its dividend?

PAAA has not grown its dividend. The compound annual growth rate (CAGR) from 2024 to 2025, the only complete year-over-year window available, is -12.8% per year.

Is PGIM AAA CLO ETF a good dividend stock for income investors?

PGIM AAA CLO ETF offers a high yield above 4% and monthly payments, which suits income-focused investors. The trade-off is a declining per-share distribution and no dividend growth streak, so it fits investors who prioritize current yield over payment growth.

What type of investor is PGIM AAA CLO ETF best suited for?

PAAA fits income-focused investors who want monthly distributions and low price volatility. A beta of 0.03 means the fund's market price barely moves, which appeals to investors who prioritize capital stability alongside a 4.84% yield.

How does PGIM AAA CLO ETF compare to its own historical yield?

At 4.84%, the current PGIM AAA CLO ETF yield is above its 5-year average of 4.57%. That gap of roughly 27 basis points means the fund is currently paying out more relative to its price than it has on average over the past five years.

Latest PAAA News

• PAAA: Low-Risk CLO ETF In An Uncertain Environment - Seeking Alpha — Seeking Alpha
• CLOA: Strong AAA-Rated CLO ETF, Little Risk And Volatility, Above-Average Income - Seeking Alpha — Seeking Alpha
• JAAA With PAAA: Building A 5.37% Yield 'Deep Defense' For 2026 (NYSEARCA:JAAA) - Seeking Alpha — Seeking Alpha

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