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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): State Street SPDR Portfolio High Yield Bond ETF (SPHY) pays a $0.00 annual dividend, yielding 7.43% at $22.45/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.43%
Annual Dividend: $0.00 per share
Dividend Frequency: monthly
Years of Dividend History: 15
State Street SPDR Portfolio High Yield Bond ETF dividend comes from a fund that tracks the ICE BofA US High Yield Index, investing in U.S. dollar-denominated below investment grade corporate debt securities. The current yield stands at 7.27%, paid monthly, with a trailing annual rate of $1.6712 per share and a next ex-dividend date of September 1, 2026. SPHY carries a beta of 0.64, which means it moves with less volatility than the broader market. That combination of high monthly income and below-market volatility makes this fund a natural fit for income-focused investors.
State Street SPDR Portfolio High Yield Bond ETF pays out dividends as a pass-through of bond income, a payout ratio classified as not applicable (fund/ETF). The fund's income is generated directly from the interest payments on its underlying high yield corporate bonds, which means State Street SPDR Portfolio High Yield Bond ETF dividend safety is tied to the credit performance of those below investment grade issuers rather than a corporate earnings figure. The most significant pressure point is credit risk: because the fund holds bonds rated below investment grade by Moody's, Fitch, or S&P, a broad deterioration in corporate credit quality could reduce the income passed through to shareholders.
State Street SPDR Portfolio High Yield Bond ETF dividend history shows a CAGR of 3.9% per year from 2013 to 2025. Per-share payments grew from $1.1096 to $1.7461 over that window (2026 is a partial year and excluded from this calculation). The largest single-year jump in the window was 49.6% in 2019, but the data also includes at least one year-over-year decline exceeding 5%, so growth has not been linear. For income investors, 3.9% annual growth is modest, and the year-to-year swings reflect how sensitive high yield bond income is to interest rate and credit market conditions.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.5% | $1.44 (2022) | $1.75 (2025) |
| 5-Year | +3.2% | $1.49 (2020) | $1.75 (2025) |
| 10-Year | +5.4% | $1.03 (2015) | $1.75 (2025) |
SPHY fits income-focused investors who want high monthly cash flow from U.S. below investment grade corporate bonds and can accept variability in the payment amount from year to year. The yield is classified as high (above 4%), currently at 7.27%, which sits above the fund's own 5-year average of 7.04%. That is a meaningful income level, but the trade-off is real: dividend amounts have moved up and down across the history window, and the underlying holdings carry below investment grade credit ratings. What an investor gets is a high-yielding monthly income stream with a beta of 0.64. What they accept is exposure to credit risk and a dividend that can shrink when bond market conditions tighten.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.1390 |
| 2026-09-01 | $0.1404 |
| 2026-08-03 | $0.1356 |
| 2026-07-01 | $0.1382 |
| 2026-06-01 | $0.1375 |
| 2026-05-01 | $0.1366 |
| 2026-04-01 | $0.1384 |
| 2026-03-02 | $0.1396 |
| 2026-02-02 | $0.1379 |
| 2025-12-18 | $0.1407 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.2433 |
| 2025 | $1.7461 |
| 2024 | $1.8302 |
| 2023 | $1.7071 |
| 2022 | $1.4449 |
Project income from SPHY with the SPHY dividend calculator or track your full portfolio with the dividend tracker.