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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): iShares 20+ Year Treasury Bond ETF (TLT) pays a $3.90 annual dividend ($0.33 monthly), yielding 4.71% at $82.88/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.71%
Annual Dividend: $3.90 per share
Ex-Dividend Date: 2026-08-03
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 25
The iShares 20+ Year Treasury Bond ETF dividend comes from a fund that holds exclusively U.S. Treasury securities with maturities beyond 20 years, tracking a benchmark index of long-term government debt. TLT currently yields 4.71%, paid monthly, with a trailing annual dividend rate of $3.9037 per share. The next ex-dividend date is August 3, 2026, and the last monthly payment was $0.3305 per share. With a beta of 2.4, TLT carries meaningful price volatility, making it a fit for income-focused investors who can tolerate swings in net asset value in exchange for a high monthly yield.
iShares 20+ Year Treasury Bond ETF pays out dividends as a pass-through of interest income from its underlying holdings, a payout ratio classified as not applicable (fund/ETF). The fund's distributions are directly tied to the interest payments generated by U.S. Treasury securities with maturities exceeding 20 years, so iShares 20+ Year Treasury Bond ETF dividend safety is structurally linked to prevailing long-term interest rates rather than corporate earnings. The most significant pressure on the payout level is a decline in long-term Treasury yields, which would reduce the interest income the fund passes through to shareholders.
iShares 20+ Year Treasury Bond ETF dividend history shows a CAGR of 0.4% per year from 2009 to 2025. Per-share annual dividends moved from $3.6405 in 2009 to $3.8605 in 2025 (with 2026 a partial year). Growth is slow, and the window contains at least one year-over-year decline exceeding 5%, reflecting how sensitive long-term Treasury interest income is to rate cycles. The largest single-year jump was 25.8% in 2023, driven by the sharp rise in long-term yields, but that spike followed years of declining payouts rather than a sustained upward trend.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.3% | $2.66 (2022) | $3.86 (2025) |
| 5-Year | +10.3% | $2.37 (2020) | $3.86 (2025) |
| 10-Year | +2.1% | $3.15 (2015) | $3.86 (2025) |
TLT fits income-focused investors who want monthly cash flow from U.S. government debt and can accept meaningful price swings. The current yield of 4.71% is classified as high (above 4%), and it sits well above the fund's 5-year average yield of 3.82%, reflecting the elevated long-term rate environment. Growth over the 2009-to-2025 window is a near-flat 0.4% per year, so this is not a dividend-growth story. What an investor gets is a high monthly yield backed by U.S. Treasury interest income. What they accept is a beta of 2.4 and a payout that moves with long-term interest rates, not with a company's earnings power.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $0.3305 |
| 2026-07-01 | $0.3180 |
| 2026-06-01 | $0.3358 |
| 2026-05-01 | $0.3154 |
| 2026-04-01 | $0.3448 |
| 2026-03-02 | $0.3006 |
| 2026-02-02 | $0.3319 |
| 2025-12-19 | $0.3424 |
| 2025-12-01 | $0.3206 |
| 2025-11-03 | $0.3251 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2769 |
| 2025 | $3.8605 |
| 2024 | $3.7548 |
| 2023 | $3.3420 |
| 2022 | $2.6561 |
Project income from TLT with the TLT dividend calculator or track your full portfolio with the dividend tracker.