PAAA Dividend Yield 2026: PGIM AAA CLO ETF

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Data last updated: Oct 17, 2026

Snapshot (as of Oct 17, 2026): PGIM AAA CLO ETF (PAAA) pays a $0.00 annual dividend, yielding 4.65% at $51.42/share. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 4.65%

Annual Dividend: $0.00 per share

Dividend Frequency: monthly

Years of Dividend History: 4

About PGIM AAA CLO ETF Dividend

PGIM AAA CLO ETF dividend income comes from a fund focused on generating consistent income alongside asset value growth. PAAA currently yields 4.72%, with a trailing annual dividend rate of $2.4276 per share paid monthly. The next ex-dividend date is August 31, 2026, and the last payment was $0.1982 per share. A beta of 0.03 places this ETF at the low-volatility end of the spectrum, making it a fit for income-focused investors who prioritize price steadiness.

Dividend Safety

PGIM AAA CLO ETF pays out dividends as a fund, so the payout ratio is not applicable (fund/ETF). The fund's stated objective of combining income generation with asset value growth supports the current payment level, as distributions are tied to the income produced by its underlying holdings rather than a fixed earnings figure. PGIM AAA CLO ETF dividend safety faces its most visible pressure from the year-over-year decline in annual distributions, which fell from $3.0110 in 2024 to $2.6259 in 2025, a drop that income investors should weigh against the fund's income-generation mandate.

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 annual payments moved from $3.0110 in 2024 down to $2.6259 in 2025 (2026 data is a partial year and excluded from this calculation). The largest annual change in the window was -12.8% in 2025, meaning the only complete year-over-year comparison available shows a meaningful decline rather than growth.

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 variability in the per-share payment amount. The yield is classified as high (above 4%), and at 4.72% it sits above the 5-year average of 4.56%, which means current buyers are getting a slightly better entry yield than the historical norm. The trade-off is real: annual distributions fell 12.8% between 2024 and 2025, so this is not a fund where income grows over time. What PAAA offers is a high current yield and near-zero price sensitivity (beta of 0.03). What it does not offer is dividend growth.

Recent PGIM AAA CLO ETF Dividend Payments

Payment Date	Amount per Share
2026-09-30	$0.1880
2026-08-31	$0.1982
2026-07-31	$0.1984
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

PGIM AAA CLO ETF Annual Dividend History

Year	Total Dividends
2026	$1.7555
2025	$2.6259
2024	$3.0110
2023	$1.3925

Frequently Asked Questions

How often does PAAA pay dividends?

PGIM AAA CLO ETF (PAAA) pays dividends monthly — 12 times per year.

Does PAAA pay monthly dividends?

Yes — PGIM AAA CLO ETF (PAAA) pays dividends every month.

What is PAAA's dividend yield?

PGIM AAA CLO ETF (PAAA) currently yields 4.65% based on the annual dividend rate and today's share price.

Has PGIM AAA CLO ETF ever cut its dividend?

Yes. Annual distributions fell from $3.0110 per share in 2024 to $2.6259 in 2025, a year-over-year decline of 12.8%. The available history window covers only complete years 2024 and 2025, so a longer record is not available.

How fast has PGIM AAA CLO ETF grown its dividend?

The compound annual growth rate (CAGR) for PAAA dividends is -12.8% per year from 2024 to 2025, the only complete year-over-year window in the available data. Growth is negative, not positive.

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

PAAA offers a high yield of 4.72% paid monthly, which suits income-focused investors. The trade-off is that annual distributions declined 12.8% from 2024 to 2025, so the income stream is not growing.

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

PAAA fits income-focused investors who prioritize a high current yield and low price volatility. A beta of 0.03 means the fund's price moves very little, but the declining distribution trend is a drawback for those seeking rising income.

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

At 4.72%, the current PGIM AAA CLO ETF yield is above the 5-year average of 4.56%. The current yield is modestly elevated relative to its own history.

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