PAAA Dividend Yield 2026: PGIM AAA CLO ETF

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Data last updated: Sep 02, 2026

Snapshot (as of Sep 02, 2026): PGIM AAA CLO ETF (PAAA) pays a $2.66 annual dividend ($0.20 monthly), yielding 5.18% at $51.33/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 5.18%

Annual Dividend: $2.66 per share

Ex-Dividend Date: 2026-08-31

Dividend Frequency: monthly

Sector: Financial Services

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 5.17%, with a trailing annual dividend rate of $2.6606 per share paid monthly. The next ex-dividend date is August 31, 2026, with the most recent payment at $0.1982 per share. A beta of 0.03 points to very low price volatility, making PAAA a fit for income-focused investors who prioritize steady monthly cash flow over capital appreciation.

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 balancing income generation with asset value growth supports the current payout level, as both components contribute to what the fund can distribute. PGIM AAA CLO ETF dividend safety faces one clear data-supported pressure: the annual dividend per share fell from $3.0110 in 2024 to $2.6259 in 2025, a decline of roughly 12.8%, which shows the 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 dropped 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 available window was -12.8% in 2025, the only complete year-over-year comparison in the data.

Is PGIM AAA CLO ETF a Good Dividend Stock?

PAAA fits income-focused investors who want monthly cash flow and can accept a distribution that has moved lower. The yield is classified as high (above 4%), and at 5.17% today it sits above the 5-year average of 4.55%, which means current buyers are getting more income than the historical norm. The trade-off is real: the annual dividend fell 12.8% between 2024 and 2025, so PGIM AAA CLO ETF is not a growth-of-income story. What an investor gets is a high monthly yield with very low price volatility (beta of 0.03). What they accept is a distribution that can and has declined.

Recent PGIM AAA CLO ETF Dividend Payments

Payment Date	Amount per Share
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
2025-12-01	$0.2054

PGIM AAA CLO ETF Annual Dividend History

Year	Total Dividends
2026	$1.5676
2025	$2.6259
2024	$3.0110
2023	$1.3925

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.04% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.05% yield)
• JPM — JPMorgan Chase & Co. (1.69% yield)
• IVV — iShares Core S&P 500 ETF (1.07% yield)

Frequently Asked Questions

Does PAAA pay dividends?

Yes, PGIM AAA CLO ETF (PAAA) pays a $0.20 monthly dividend per share, yielding 5.18%.

How often does PGIM AAA CLO ETF pay dividends?

PGIM AAA CLO ETF pays dividends monthly. The most recent payment was $0.1982 per share, with the next ex-dividend date set for August 31, 2026.

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

The current PGIM AAA CLO ETF dividend yield is 5.17%. That sits above the fund's 5-year average yield of 4.55%, so today's yield is elevated relative to its own history.

Has PGIM AAA CLO ETF ever cut its dividend?

Yes. The annual dividend per share fell from $3.0110 in 2024 to $2.6259 in 2025, a year-over-year decline of approximately 12.8%. The available history covers only complete years from 2024 to 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's dividend is -12.8% per year from 2024 to 2025, the only complete year-over-year window in the data. The dividend has declined, not grown, over this period.

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

PGIM AAA CLO ETF offers a high yield (above 4%), currently at 5.17%, with monthly payments and a beta of 0.03. The distribution declined 12.8% from 2024 to 2025, so income investors should weigh the high current yield against the absence of dividend growth.

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

PAAA suits income-focused investors who prioritize monthly cash flow and low price volatility over dividend growth. The 5.17% yield and 0.03 beta profile fit investors who want income with minimal share price movement, and who can accept a distribution that has declined year over year.

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

At 5.17%, the current PGIM AAA CLO ETF dividend yield is above the fund's 5-year average of 4.55%. Buyers today are receiving more income per dollar invested than the fund's historical average.

Latest PAAA News

• PAAA: Simple AAA-Rated CLO ETF, Good Dividend Yield, Outstanding Risk-Return - Seeking Alpha — Seeking Alpha
• 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

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