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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): State Street Utilities Select Sector SPDR ETF (XLU) pays a $1.48 annual dividend ($0.28 quarterly), yielding 3.48% at $42.56/share. Next ex-dividend date 2026-06-22. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.48%
Annual Dividend: $1.48 per share
Ex-Dividend Date: 2026-06-22
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 28
The State Street Utilities Select Sector SPDR ETF dividend comes from a fund that holds U.S. utility stocks, tracking the Utilities Select Sector Index through full replication. XLU pays a trailing annual rate of $1.4796 per share on a quarterly basis, with the next ex-dividend date set for June 22, 2026. The current yield stands at 3.46%. A beta of 0.49 makes this fund notably less volatile than the broader market, which suits income-focused investors who prioritize steadiness over aggressive growth.
State Street Utilities Select Sector SPDR ETF pays out dividends as a pass-through fund, making a traditional payout ratio not applicable (fund/ETF). XLU dividend safety rests on the income generated by its underlying U.S. utility holdings, which the fund passes through to shareholders via full replication of the Utilities Select Sector Index. The most significant pressure point is that the annual dividend per share fell from $2.2417 in 2024 to $1.9972 in 2025, a year-over-year decline of roughly 11%, showing that State Street Utilities Select Sector SPDR ETF distributions are not immune to fluctuation.
State Street Utilities Select Sector SPDR ETF dividend history shows a CAGR of 2.7% per year from 2011 to 2025. Per-share payments grew from $1.3680 to $1.9972 over that window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 8.3% in 2019, while the data also contains at least one year-over-year decline exceeding 5%, confirming that XLU dividend growth is neither linear nor guaranteed year to year. Growth is slow by most dividend investor standards, and that limits upside for those seeking rising income.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -1.0% | $2.06 (2022) | $2.00 (2025) |
| 5-Year | +0.3% | $1.97 (2020) | $2.00 (2025) |
| 10-Year | +2.3% | $1.59 (2015) | $2.00 (2025) |
XLU fits income-focused investors who want exposure to U.S. utility stocks with below-average market volatility. The current yield of 3.46% falls in the moderate (2–4%) range, and it sits meaningfully below the fund's own 5-year average yield of 4.88%, which tells investors the fund is currently priced higher relative to its income output than it has been historically. The 2.7% annual dividend growth rate is slow, so real income growth after inflation is thin. What an investor gets here is low beta (0.49) and broad utility sector exposure. The trade-off is a yield that has drifted below its own historical norm and a dividend that has shown it can decline in a given year.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-22 | $0.2844 |
| 2026-03-23 | $0.3099 |
| 2025-12-22 | $0.3172 |
| 2025-09-22 | $0.5680 |
| 2025-06-23 | $0.5570 |
| 2025-03-24 | $0.5550 |
| 2024-12-23 | $0.6280 |
| 2024-09-23 | $0.5390 |
| 2024-06-24 | $0.5551 |
| 2024-03-18 | $0.5196 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5943 |
| 2025 | $1.9972 |
| 2024 | $2.2417 |
| 2023 | $2.1453 |
| 2022 | $2.0580 |
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