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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): iShares Preferred and Income Securities ETF (PFF) pays a $1.66 annual dividend ($0.14 monthly), yielding 5.42% at $30.54/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.42%
Annual Dividend: $1.66 per share
Ex-Dividend Date: 2026-08-03
Dividend Frequency: monthly
Sector: Financial Services
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 5.44%, with a trailing annual dividend rate of $1.6568 per share paid monthly. The next ex-dividend date is August 3, 2026, and the last monthly payment was $0.1423 per share. With a beta of 0.97, PFF moves closely in line with the broader market, making it a fit for income-focused investors who want regular monthly cash flow from preferred and hybrid securities.
The iShares Preferred and Income Securities ETF pays out dividends as a pass-through fund, making a traditional payout ratio not applicable (fund/ETF). The fund's distributions are tied directly to the income generated by its underlying portfolio of U.S. dollar-denominated 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 on the payout is the long-term downward drift in per-share distributions, with the annual dividend falling from $2.4930 in 2014 to $1.9492 in 2025.
iShares Preferred and Income Securities ETF dividend history shows a CAGR of -1.7% per year from 2011 to 2025. Per-share payments moved from $2.4860 at the start of the window to $1.9492 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 12.7% in 2023, but the overall trend is negative, and the data block notes at least one year-over-year decline exceeding 5% within the period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.0% | $1.83 (2022) | $1.95 (2025) |
| 5-Year | +1.1% | $1.84 (2020) | $1.95 (2025) |
| 10-Year | -1.4% | $2.24 (2015) | $1.95 (2025) |
PFF is built for income-focused investors who want monthly cash flow from preferred and hybrid securities and can accept a yield that has trended lower over time. The current yield is classified as high (above 4%) at 5.44%, but that sits below the 5-year average of 6.22%, meaning today's buyers are getting less income than the fund's own historical norm. Growth is negative over the long run, so price appreciation or rising distributions are not part of the value proposition here. What an investor gets is a high monthly yield from a diversified preferred securities portfolio; what they accept is a dividend that has declined in per-share terms over the past decade.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-12-01 | $0.1756 |
| 2025-11-03 | $0.1707 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9131 |
| 2025 | $1.9492 |
| 2024 | $1.9862 |
| 2023 | $2.0681 |
| 2022 | $1.8350 |
Project income from PFF with the PFF dividend calculator or track your full portfolio with the dividend tracker.