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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): iShares Preferred and Income Securities ETF (PFF) pays a $1.82 annual dividend ($0.15 monthly), yielding 5.59% at $29.17/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.59%
Annual Dividend: $1.82 per share
Dividend Frequency: monthly
Years of Dividend History: 20
The iShares Preferred and Income Securities ETF dividend comes from a fund that tracks a benchmark of U.S. dollar-denominated preferred shares and hybrid securities. PFF currently yields 5.45%, with a trailing annual dividend rate of $1.6433 per share paid monthly. The next ex-dividend date is September 1, 2026, and the last monthly payment was $0.1472 per share. At a beta of 0.97, PFF moves nearly in line with the broader market, making it a fit for income-focused investors who want high current yield from preferred and hybrid securities.
iShares Preferred and Income Securities ETF pays out dividends as a pass-through fund, making the payout ratio not applicable (fund/ETF). The fund's distributions are tied directly to the income generated by its underlying preferred shares and hybrid securities, so iShares Preferred and Income Securities ETF dividend safety depends on the income produced by those holdings rather than a corporate earnings buffer. The most significant data-supported pressure point is that the annual dividend per share has declined from $2.4930 in 2014 to $1.9492 in 2025, a trend that shows the income stream from the underlying portfolio has contracted over time.
iShares Preferred and Income Securities ETF dividend history shows a CAGR of -1.7% per year from 2011 to 2025. Per-share payments fell from $2.4860 at the start of the window to $1.9492 by 2025 (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 12.7% in 2023, but the history also contains at least one year-over-year decline exceeding 5%, which reflects how variable the income stream from preferred and hybrid securities can be.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.0% | $1.83 (2022) | $1.95 (2025) |
| 5-Year | +1.1% | $1.85 (2020) | $1.95 (2025) |
| 10-Year | -1.4% | $2.24 (2015) | $1.95 (2025) |
PFF is built for income-focused investors who prioritize a high current yield from preferred and hybrid securities over dividend growth. The yield classification is high (above 4%), and at 5.45% today it sits below the 5-year average of 6.36%, meaning current buyers are getting less income than the fund's historical norm. Growth is negative over the long run, a real trade-off. What an investor gets is a monthly income stream backed by a diversified portfolio of U.S. dollar-denominated preferred shares; what they accept is a payout that has trended lower over time and offers no meaningful growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.1590 |
| 2026-09-01 | $0.1472 |
| 2026-08-03 | $0.1423 |
| 2026-07-01 | $0.1417 |
| 2026-06-01 | $0.1384 |
| 2026-05-01 | $0.1403 |
| 2026-04-01 | $0.1420 |
| 2026-03-02 | $0.0312 |
| 2026-02-02 | $0.1772 |
| 2025-12-19 | $0.0659 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.2193 |
| 2025 | $1.9492 |
| 2024 | $1.9862 |
| 2023 | $2.0683 |
| 2022 | $1.8350 |
Project income from PFF with the PFF dividend calculator or track your full portfolio with the dividend tracker.