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

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Data last updated: Jul 13, 2026

Snapshot (as of Jul 13, 2026): iShares Short-Term National Muni Bond ETF (SUB) pays a $2.70 annual dividend ($0.23 monthly), yielding 2.54% at $106.32/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 2.54%

Annual Dividend: $2.70 per share

Ex-Dividend Date: 2026-07-01

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 with remaining durations of one month to five years. SUB currently yields 2.54%, with a trailing annual dividend rate of $2.7012 per share. The fund pays monthly, and the next ex-dividend date is July 1, 2026, with the most recent payment at $0.2325 per share. A beta of 0.26 makes this one of the lower-volatility options in the bond ETF space, which suits income investors who prioritize price steadiness over yield maximization.

Dividend Safety

iShares Short-Term National Muni Bond ETF pays out dividends at a payout ratio classified as not applicable (fund/ETF), since distributions flow directly from the interest income generated by its underlying municipal bond holdings. iShares Short-Term National Muni Bond ETF dividend safety is anchored to the credit quality and interest income of its portfolio, which holds top-tier U.S. municipal debt with short remaining durations. The primary pressure on the payout is interest rate movement: as short-duration bonds mature and are reinvested at prevailing rates, falling rates would reduce the income passed through to shareholders.

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 period (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 103.1% in 2023, though the data also contains at least one year-over-year decline exceeding 5%, reflecting how closely SUB's distributions track the interest rate environment rather than a corporate earnings trend.

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 without significant price swings. The current yield of 2.54% is moderate (2-4%) and sits well above the 5-year average of 1.55%, meaning today's income level is meaningfully higher than what the fund delivered through much of the past decade. Growth has averaged 3.4% per year since 2009, but that number masks sharp swings tied to rate cycles rather than a steady upward path. The trade-off is clear: SUB offers low volatility and tax-advantaged municipal income, but the payout level moves with interest rates, not with a company's deliberate dividend policy.

Recent iShares Short-Term National Muni Bond ETF Dividend Payments

Payment Date	Amount per Share
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
2025-10-01	$0.2308

iShares Short-Term National Muni Bond ETF Annual Dividend History

Year	Total Dividends
2026	$1.3593
2025	$2.5809
2024	$2.2122
2023	$1.8273
2022	$0.8998

Related Financial Services Dividend Stocks

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Frequently Asked Questions

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 $0.2325 per share, with the next ex-dividend date set for July 1, 2026.

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

The current SUB dividend yield is 2.54%, which is above the fund's 5-year average yield of 1.55%. That gap reflects the higher interest rate environment of recent years feeding through to municipal bond income.

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

The available history contains at least one year-over-year decline exceeding 5%. For example, annual payments dropped from $1.3908 in 2018 to a lower level in subsequent years, reflecting rate-driven income changes rather than a corporate dividend cut decision.

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 annual swings have been wide.

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

SUB offers a moderate (2-4%) yield of 2.54%, monthly payments, and a low beta of 0.26, which suits income investors who prioritize price steadiness. The payout is not applicable (fund/ETF) in the traditional sense, as distributions depend entirely on the interest income from its municipal bond holdings.

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

The payout ratio is not applicable (fund/ETF), so iShares Short-Term National Muni Bond ETF dividend safety depends on the interest income generated by its top-tier U.S. municipal bond portfolio. There is no earnings buffer; if prevailing short-term rates fall, distributions will follow.

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

The current yield of 2.54% is significantly higher than SUB's 5-year average yield of 1.55%. That 99-basis-point gap reflects how much the interest rate environment has shifted the income profile of short-duration municipal bonds in recent years.

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