PFF Dividend Yield 2026: iShares Preferred and Income Securities ETF

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Data last updated: Jul 18, 2026

Snapshot (as of Jul 18, 2026): iShares Preferred and Income Securities ETF (PFF) pays a $1.68 annual dividend ($0.14 monthly), yielding 5.52% at $30.35/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 5.52%

Annual Dividend: $1.68 per share

Ex-Dividend Date: 2026-07-01

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 20

About iShares Preferred and Income Securities ETF Dividend

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 5.5%, with a trailing annual dividend rate of $1.6766 per share paid monthly. The next ex-dividend date is July 1, 2026, and the last payment was $0.1417 per share. That monthly income stream and high yield make PFF a natural fit for income-focused investors, anchored by a beta of 0.95 that reflects relatively low price volatility.

Dividend Safety

iShares Preferred and Income Securities ETF pays out dividends as a pass-through fund, making the payout ratio not applicable (fund/ETF). The iShares Preferred and Income Securities ETF dividend safety depends on the income generated by its underlying portfolio of U.S. dollar-denominated preferred shares and hybrid securities, rather than on corporate earnings coverage. The primary 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 fund's distributions are sensitive to changes in the income produced by its holdings.

iShares Preferred and Income Securities ETF (PFF) Dividend Growth Rate, CAGR, and History

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 data 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 history contains at least one year-over-year decline exceeding 5%, which means income investors should expect variability rather than steady growth.

iShares Preferred and Income Securities ETF Dividend Growth Rate (CAGR)

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)

Is iShares Preferred and Income Securities ETF a Good Dividend Stock?

PFF fits income-focused investors who prioritize a high monthly yield over dividend growth. The current yield of 5.5% is classified as high (above 4%), though it sits below the 5-year average yield of 6.22%, which means the fund is currently paying less relative to its own recent history. The underlying portfolio of preferred shares and hybrid securities generates the income that funds distributions, but the -1.7% annual CAGR over the 2011-2025 window makes clear that purchasing power from this income stream has eroded over time. What an investor gets is a high, monthly-paying yield. What they accept is a dividend that has trended downward over the long run.

Recent iShares Preferred and Income Securities ETF Dividend Payments

Payment Date	Amount per Share
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
2025-10-01	$0.1707

iShares Preferred and Income Securities ETF Annual Dividend History

Year	Total Dividends
2026	$0.7708
2025	$1.9492
2024	$1.9862
2023	$2.0681
2022	$1.8350

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 iShares Preferred and Income Securities ETF pay dividends?

iShares Preferred and Income Securities ETF pays dividends monthly. The last dividend was $0.1417 per share, and the next ex-dividend date is July 1, 2026.

What is iShares Preferred and Income Securities ETF's current dividend yield?

The current PFF dividend yield is 5.5%, which is below the fund's 5-year average yield of 6.22%. That gap means the fund is currently yielding less than it has on average over the past five years.

Has iShares Preferred and Income Securities ETF ever cut its dividend?

Yes. The annual dividend per share declined multiple times within the available history window, including a drop from $2.4930 in 2014 to $2.2400 in 2015, and again from $1.9962 in 2019 to $1.8438 in 2020, each exceeding a 5% year-over-year decline.

How fast has iShares Preferred and Income Securities ETF grown its dividend?

The compound annual growth rate (CAGR) for the PFF dividend is -1.7% per year from 2011 to 2025. Per-share payments fell from $2.4860 to $1.9492 over that period, meaning the dividend has shrunk in aggregate rather than grown.

Is iShares Preferred and Income Securities ETF a good dividend stock for income investors?

PFF offers a high yield of 5.5% paid monthly, which suits income-focused investors. The trade-off is a long-term declining dividend trend, with a -1.7% annual CAGR from 2011 to 2025, so the income stream has not kept pace with inflation over time.

What type of investor is iShares Preferred and Income Securities ETF best suited for?

PFF fits investors who prioritize current income over dividend growth. The 5.5% yield and monthly payment schedule appeal to income-focused investors, but the negative long-term CAGR makes it a poor fit for those seeking growing distributions.

How does iShares Preferred and Income Securities ETF compare to its own historical yield?

The current yield of 5.5% is below the 5-year average of 6.22%. That means investors buying iShares Preferred and Income Securities ETF stock today are locking in a yield that is lower than what the fund has historically offered.

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