SUB Dividend Yield 2026: iShares Short-Term National Muni Bond ETF

The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.

Data last updated: Aug 31, 2026

Snapshot (as of Aug 31, 2026): iShares Short-Term National Muni Bond ETF (SUB) pays a $2.71 annual dividend ($0.23 monthly), yielding 2.55% at $106.30/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 2.55%

Annual Dividend: $2.71 per share

Ex-Dividend Date: 2026-08-03

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 19

About iShares Short-Term National Muni Bond ETF Dividend

The iShares Short-Term National Muni Bond ETF dividend comes from a fund that tracks an index of top-tier U.S. municipal debt securities with remaining durations of one month to five years. SUB currently yields 2.56%, with a trailing annual dividend rate of $2.7134 per share paid monthly. The next ex-dividend date is August 3, 2026, and the last payment was $0.2281 per share. With a beta of just 0.26, SUB suits income investors who prioritize low price volatility over high yield.

Dividend Safety

iShares Short-Term National Muni Bond ETF pays out dividends as a pass-through of interest income from its underlying municipal bond holdings, a payout ratio classified as not applicable (fund/ETF). Because the fund holds short-duration municipal debt, one to five years, the income stream reflects prevailing short-term interest rates rather than corporate earnings, which directly shapes iShares Short-Term National Muni Bond ETF dividend safety. The primary pressure point is a falling interest rate environment, which would reduce the yield generated by the fund's underlying holdings and pull monthly payments lower.

iShares Short-Term National Muni Bond ETF (SUB) Dividend Growth Rate, CAGR, and History

iShares Short-Term National Muni Bond ETF dividend history shows a CAGR of 3.4% per year from 2009 to 2025. Per-share payments grew from $1.5120 to $2.5809 over that window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 103.1% in 2023, reflecting the sharp rise in short-term interest rates, while the data also contains at least one year-over-year decline exceeding 5%, showing that SUB's monthly income is directly tied to rate movements rather than a managed corporate dividend policy.

iShares Short-Term National Muni Bond ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+42.1%	$0.90 (2022)	$2.58 (2025)
5-Year	+14.1%	$1.33 (2020)	$2.58 (2025)
10-Year	+12.3%	$0.81 (2015)	$2.58 (2025)

Is iShares Short-Term National Muni Bond ETF a Good Dividend Stock?

SUB fits dividend investors who want monthly income from high-quality, short-duration municipal bonds and can accept that payments fluctuate with interest rates. The current yield of 2.56% is moderate (2-4%) and sits well above the 5-year average of 1.55%, meaning today's income level is elevated relative to recent history. Four consecutive years of dividend increases reflect the rate environment of the past few years, not a long-term managed growth program. The trade-off is clear: income is real and currently above average for this fund, but it is rate-dependent, not structurally growing.

Recent iShares Short-Term National Muni Bond ETF Dividend Payments

Payment Date	Amount per Share
2026-08-03	$0.2281
2026-07-01	$0.2325
2026-06-01	$0.2231
2026-05-01	$0.2310
2026-04-01	$0.2212
2026-03-02	$0.2368
2026-02-02	$0.2147
2025-12-19	$0.2219
2025-12-01	$0.2296
2025-11-03	$0.2236

iShares Short-Term National Muni Bond ETF Annual Dividend History

Year	Total Dividends
2026	$1.5874
2025	$2.5809
2024	$2.2122
2023	$1.8273
2022	$0.8998

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 SUB pay dividends?

Yes, iShares Short-Term National Muni Bond ETF (SUB) pays a $0.23 monthly dividend per share, yielding 2.55%.

How often does iShares Short-Term National Muni Bond ETF pay dividends?

iShares Short-Term National Muni Bond ETF pays dividends monthly. The most recent payment was $0.2281 per share, with the next ex-dividend date set for August 3, 2026.

What is iShares Short-Term National Muni Bond ETF's current dividend yield?

The current SUB dividend yield is 2.56%, which is above the fund's 5-year average yield of 1.55%. The elevated yield reflects the higher short-term interest rate environment of recent years.

Has iShares Short-Term National Muni Bond ETF ever cut its dividend?

Yes, the available history shows at least one year-over-year decline exceeding 5%. Annual payments dropped from $1.3908 in 2018 to lower levels in subsequent years, reflecting the fund's direct sensitivity to short-term interest rate movements.

How fast has iShares Short-Term National Muni Bond ETF grown its dividend?

SUB has grown its dividend at a compound annual growth rate (CAGR) of 3.4% per year from 2009 to 2025. Per-share payments rose from $1.5120 to $2.5809 over that period, though growth has been uneven rather than linear.

Is iShares Short-Term National Muni Bond ETF a good dividend stock for income investors?

SUB offers a moderate (2-4%) yield of 2.56%, currently above its 5-year average of 1.55%, with monthly payments from short-duration municipal bonds. Income investors who prioritize low price volatility (beta 0.26) over high yield will find it fits that profile.

Is iShares Short-Term National Muni Bond ETF dividend safe?

The payout ratio is not applicable (fund/ETF), as distributions come directly from interest income on the underlying municipal bonds. iShares Short-Term National Muni Bond ETF dividend safety is tied to short-term interest rates, meaning payments can and have declined when rates fall.

How does iShares Short-Term National Muni Bond ETF compare to its own historical yield?

The current yield of 2.56% is meaningfully above the 5-year average of 1.55%. That gap reflects recent rate conditions, not a structural change in how SUB generates income.

Latest SUB News

• 3 Dividend Stocks with Unbelievable Streaks but Barely Pay Investors - 24/7 Wall St. — 24/7 Wall St.
• 3 High-Yield Dividend Stocks Under $25 to Buy in August - 24/7 Wall St. — 24/7 Wall St.
• 2026 Monthly Dividend Stocks List | See All 118 Now | Yields Up To 28.8% - Sure Dividend — Sure Dividend

Project income from SUB with the SUB dividend calculator or track your full portfolio with the dividend tracker.