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Data last updated: Jul 17, 2026
Snapshot (as of Jul 17, 2026): iShares 20+ Year Treasury Bond ETF (TLT) pays a $3.90 annual dividend ($0.32 monthly), yielding 4.61% at $84.69/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.61%
Annual Dividend: $3.90 per share
Ex-Dividend Date: 2026-07-01
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. TLT currently yields 4.57%, paid monthly, with a trailing annual rate of $3.9040 per share. The next ex-dividend date is July 1, 2026, and the last payment was $0.3180 per share. With a beta of 2.38, TLT carries meaningful price volatility, making it a fit for income-focused investors who can tolerate swings in net asset value.
iShares 20+ Year Treasury Bond ETF pays out dividends as a pass-through of interest income from its holdings, a payout ratio classified as not applicable (fund/ETF). The fund's income stream is backed entirely by U.S. Treasury securities, which carry the full faith and credit of the federal government, a factor that directly supports iShares 20+ Year Treasury Bond ETF dividend safety at the fund level. The primary pressure on the payout is interest rate movement: because TLT holds bonds with maturities beyond 20 years, shifts in long-term Treasury yields directly affect the income the fund generates and passes to shareholders.
iShares 20+ Year Treasury Bond ETF dividend history shows a CAGR of 0.4% per year from 2009 to 2025. Per-share payments moved from $3.6405 to $3.8605 over that window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 25.8% in 2023, but the history also contains at least one year-over-year decline exceeding 5%, which means growth has been anything but linear. At 0.4% annually, dividend growth is slow, and income investors relying on TLT for rising payouts will find little support in the long-run 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 significant price swings. The current yield is classified as high (above 4%), and at 4.57% it sits above the 5-year average of 3.68%, meaning today's entry point delivers more income than the fund's recent norm. The trade-off is clear: dividend growth over the 2009-2025 window averaged just 0.4% per year, and the history includes meaningful year-over-year declines. An investor in TLT gets a high current yield backed by Treasury interest income, but accepts slow long-run payout growth and a beta of 2.38 that makes the share price itself volatile.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-10-01 | $0.3105 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.9465 |
| 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.