SPMD Dividend Yield 2026: State Street SPDR Portfolio S&P 400 Mid Cap ETF

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Data last updated: Jul 18, 2026

Snapshot (as of Jul 18, 2026): State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) pays a $0.81 annual dividend ($0.21 quarterly), yielding 1.22% at $66.18/share. Next ex-dividend date 2026-06-22. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 1.22%

Annual Dividend: $0.81 per share

Ex-Dividend Date: 2026-06-22

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 20

About State Street SPDR Portfolio S&P 400 Mid Cap ETF Dividend

The State Street SPDR Portfolio S&P 400 Mid Cap ETF dividend comes from a fund that tracks the S&P MidCap 400 Index, giving investors broad exposure to mid-sized U.S. companies through a single, low-cost vehicle. SPMD currently yields 1.21%, with a trailing annual dividend rate of $0.8099 per share paid quarterly. The next ex-dividend date is June 22, 2026. At a beta of 1.05, SPMD moves roughly in line with the broader market, making it a fit for dividend investors who want mid-cap equity exposure alongside modest income.

Dividend Safety

State Street SPDR Portfolio S&P 400 Mid Cap ETF pays out dividends sourced from the income generated by its underlying holdings, with a payout ratio classified as not applicable (fund/ETF). State Street SPDR Portfolio S&P 400 Mid Cap ETF dividend safety is structurally tied to the aggregate dividend activity of the S&P MidCap 400 Index constituents rather than a single company's earnings. The most significant pressure on the payout level is a downturn in dividends across mid-cap U.S. companies broadly, as SPMD passes through only what its holdings generate.

State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) Dividend Growth Rate, CAGR, and History

State Street SPDR Portfolio S&P 400 Mid Cap ETF dividend history shows a CAGR of 1.2% per year from 2010 to 2025. Per-share payments moved from $0.6735 to $0.8038 over that window (2026 is a partial year and excluded from this calculation). The data also contains at least one year-over-year decline exceeding 5%, so growth has not been uninterrupted. That 1.2% annual pace is slow, and it means the dividend has barely kept up with inflation over the full period.

State Street SPDR Portfolio S&P 400 Mid Cap ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+4.8%	$0.70 (2022)	$0.80 (2025)
5-Year	+8.9%	$0.53 (2020)	$0.80 (2025)
10-Year	-13.4%	$3.41 (2015)	$0.80 (2025)

Is State Street SPDR Portfolio S&P 400 Mid Cap ETF a Good Dividend Stock?

SPMD fits dividend investors who want diversified mid-cap U.S. equity exposure and are not relying on the fund for meaningful income. The yield is low (below 2%), currently at 1.21%, which sits above the 5-year average of 1.08% but still leaves income-focused investors underserved on a pure yield basis. Five consecutive years of dividend increases show a recent positive direction, but the 1.2% long-term CAGR limits how much that streak translates into real income growth. The trade-off is clear: SPMD offers broad index exposure at low cost, with a dividend that supplements rather than drives total return.

Recent State Street SPDR Portfolio S&P 400 Mid Cap ETF Dividend Payments

Payment Date	Amount per Share
2026-06-22	$0.2121
2026-03-23	$0.1847
2025-12-22	$0.2177
2025-09-22	$0.1954
2025-06-23	$0.2111
2025-03-24	$0.1796
2024-12-23	$0.2085
2024-09-23	$0.1973
2024-06-24	$0.2077
2024-03-18	$0.1628

State Street SPDR Portfolio S&P 400 Mid Cap ETF Annual Dividend History

Year	Total Dividends
2026	$0.3968
2025	$0.8038
2024	$0.7763
2023	$0.7174
2022	$0.6980

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 State Street SPDR Portfolio S&P 400 Mid Cap ETF pay dividends?

State Street SPDR Portfolio S&P 400 Mid Cap ETF pays dividends quarterly. The most recent dividend was $0.2121 per share.

What is State Street SPDR Portfolio S&P 400 Mid Cap ETF's current dividend yield?

The current SPMD dividend yield is 1.21%, which is above the fund's 5-year average yield of 1.08%. That places it in the low-yield category, below the 2% threshold many income investors target.

Has State Street SPDR Portfolio S&P 400 Mid Cap ETF ever cut its dividend?

The available history shows at least one year-over-year decline exceeding 5%, so the dividend has not grown without interruption. The data window covers 2010 to 2025, and cuts outside that range cannot be confirmed or ruled out.

How fast has State Street SPDR Portfolio S&P 400 Mid Cap ETF grown its dividend?

SPMD has grown its dividend at a compound annual growth rate (CAGR) of 1.2% per year from 2010 to 2025. Per-share payments rose from $0.6735 to $0.8038 over that period, a slow pace that has barely outpaced inflation.

Is State Street SPDR Portfolio S&P 400 Mid Cap ETF a good dividend stock for income investors?

As an income stock, SPMD is limited by its 1.21% yield, which falls in the low (below 2%) category. It suits investors who prioritize mid-cap index exposure and treat the dividend as a secondary benefit rather than a primary income source.

What type of investor is State Street SPDR Portfolio S&P 400 Mid Cap ETF best suited for?

SPMD fits investors who want broad, low-cost exposure to mid-sized U.S. companies and accept a modest income stream. The 1.21% yield and 1.2% long-term dividend CAGR make it a poor fit for investors whose portfolios depend on dividend income.

How does State Street SPDR Portfolio S&P 400 Mid Cap ETF compare to its own historical yield?

The current yield of 1.21% is above SPMD's 5-year average of 1.08%, so income investors are receiving a slightly higher yield than the fund's recent norm. The gap is small, but it does reflect a modestly more favorable entry point on a yield basis.

Latest SPMD News

• SPMD: A 25% Discount To The S&P 500 That Should Be Monitored (NYSEARCA:SPMD) - Seeking Alpha — Seeking Alpha
• The Best Equity ETFs - Morningstar — Morningstar
• SPMD: It Is The Time To Ride Mid Caps Long-Lasting Momentum (NYSEARCA:SPMD) - Seeking Alpha — Seeking Alpha

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