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

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Data last updated: Aug 29, 2026

Snapshot (as of Aug 29, 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 $66.38/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 reflects the fund's design: broad, low-cost exposure to mid-sized U.S. companies through the S&P MidCap 400 Index. SPMD currently yields 1.23%, with a trailing annual dividend rate of $0.8099 per share paid quarterly. The next ex-dividend date is June 22, 2026. With a beta of 1.0, SPMD moves 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 tied directly to the dividend income produced by the roughly 400 mid-cap U.S. companies in the S&P MidCap 400 Index, not to a single company's earnings. The primary pressure on the payout is a decline in aggregate dividends from those underlying holdings, which has produced at least one year-over-year decline exceeding 5% in the historical record.

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 largest annual increase in the window was 436.6% in 2013, which reflects a structural reset in the fund's distribution rather than organic dividend acceleration. Growth is slow, and at 1.2% annually, SPMD's dividend has barely kept pace with inflation over the measured 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 treat income as secondary to mid-cap equity exposure. The yield is low (below 2%), currently at 1.23%, which sits above the fund's 5-year average of 1.1% but still leaves little room for meaningful income generation on its own. Five consecutive years of dividend increases show a modest upward trend, but the 1.2% annual growth rate limits how much that trend compounds over time. The trade-off is clear: SPMD delivers diversified access to 400 mid-sized U.S. companies at low cost, but income-focused investors will find the yield thin.

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 (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.04% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.05% yield)
• JPM — JPMorgan Chase & Co. (1.69% yield)
• IVV — iShares Core S&P 500 ETF (1.07% yield)

Frequently Asked Questions

Does SPMD pay dividends?

Yes, State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) pays a $0.21 quarterly dividend per share, yielding 1.22%.

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 last dividend amount was $0.2121 per share, with the next ex-dividend date set for June 22, 2026.

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

The current SPMD dividend yield is 1.23%, which is above the fund's 5-year average yield of 1.1%. That places it in the low (below 2%) yield category.

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

Yes, the available history contains at least one year-over-year decline exceeding 5%. Annual payments dropped from $0.6170 in 2021 to... wait — from $0.5690 in 2019 to $0.5250 in 2020, a decline within the data window. The history covers 2010 to 2025.

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 15-year window.

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

SPMD's 1.23% yield is low (below 2%), and its 1.2% annual dividend growth rate adds little income momentum over time. It suits investors who want mid-cap equity exposure and treat dividends as a secondary benefit, not 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 seeking diversified exposure to roughly 400 mid-sized U.S. companies through the S&P MidCap 400 Index, with income as a secondary priority. Its low yield and slow dividend growth make it a poor fit for investors who depend on dividend income.

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

At 1.23%, the current yield is above SPMD's 5-year average of 1.1%. The gap is modest, but it means the fund is currently paying out slightly more income relative to its price than it has on average over the past five years.

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