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Data last updated: Oct 20, 2026
Snapshot (as of Oct 20, 2026): State Street Financial Select Sector SPDR ETF (XLF) pays a $0.58 annual dividend ($0.14 quarterly), yielding 1.48% at $55.63/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.48%
Annual Dividend: $0.58 per share
Dividend Frequency: quarterly
Years of Dividend History: 28
The State Street Financial Select Sector SPDR ETF dividend comes from a fund that holds U.S. financial companies spanning banks, insurance, capital markets, consumer finance, and mortgage REITs. XLF currently yields 1.55%, with trailing twelve-month payments of $0.58 per share paid on a quarterly basis. That yield is low by income standards, but the fund's 10.3% annual dividend growth rate over 14 years tells a different story. XLF fits growth-and-income investors who care more about how fast the payout climbs than how large it is today.
For State Street Financial Select Sector SPDR ETF dividend safety, the relevant frame is not a payout ratio — that metric is not applicable (fund/ETF) — but rather the aggregate distributions flowing from its underlying holdings across banks, insurers, capital markets firms, and consumer finance companies. The most significant data-supported pressure point is that the fund's annual dividend did decline in 2023, dropping from $0.699 in 2022 to $0.641, a year-over-year drop of roughly 8%, which reflects how directly XLF's distributions depend on the dividend behavior of its financial sector constituents.
State Street Financial Select Sector SPDR ETF dividend history shows a CAGR of 10.3% per year from 2011 to 2025. Per-share payments grew from $0.1828 to $0.7197 over that window (2026 data is a partial year and excluded from this calculation). The largest single-year jump was 28.0% in 2012, while the fund also recorded a meaningful decline in 2023, when the annual payout fell from $0.699 to $0.641.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.0% | $0.70 (2022) | $0.72 (2025) |
| 5-Year | +3.8% | $0.60 (2020) | $0.72 (2025) |
| 10-Year | +6.7% | $0.38 (2015) | $0.72 (2025) |
XLF fits growth-and-income investors who want exposure to the U.S. financial sector and are willing to accept a low current yield in exchange for above-average dividend growth. At 1.55%, the yield is low (below 2%), which limits its appeal as a pure income holding. The trade-off is a 10.3% annualized growth rate over 14 years, which has nearly quadrupled the per-share payout since 2011. The catch: that growth is not linear. The 2023 decline to $0.641 from $0.699 shows that distributions can move backward when the underlying financial sector pulls back its own payouts. An investor in XLF gets long-run dividend growth, but accepts year-to-year variability.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-21 | $0.1965 |
| 2026-06-22 | $0.1871 |
| 2026-03-23 | $0.2515 |
| 2025-12-22 | $0.1908 |
| 2025-09-22 | $0.1780 |
| 2025-06-23 | $0.1721 |
| 2025-03-24 | $0.1788 |
| 2024-12-23 | $0.2062 |
| 2024-09-23 | $0.1653 |
| 2024-06-24 | $0.1628 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.6351 |
| 2025 | $0.7197 |
| 2024 | $0.6868 |
| 2023 | $0.6414 |
| 2022 | $0.6990 |
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