KBWD Dividend Calculator

The ticker KBWD stands for the Invesco KBW High Dividend Yield Financial ETF. It tracks a KBW Nasdaq index of U.S. financial companies with high dividend yields. The index can include business development companies, or BDCs, and mortgage REITs. Higher-yielding stocks get bigger weights.

The index is small. On October 31, 2025 it had 40 members, worth from $413.7 million to $36.4 billion each. KBWD holds all of them in the index’s proportions. It started trading on December 2, 2010.

Both numbers are real. Invesco’s own management fee is 0.35% a year. But the prospectus also lists 5.04% of “acquired fund fees,” the costs of the BDCs and other funds that KBWD owns. Added together, total yearly expenses come to 5.39%.

You do not pay that 5.04% as a separate bill. It is already taken out inside the holdings before they pay KBWD. It reflects KBWD’s stakes in BDCs and other investment companies, which have costs of their own.

KBWD paid $1.8799 a share in 2018 and $1.7538 in 2025, about 1.0% less each year. The payout fell 15.3% in 2020 and 8.0% more in 2021. It then recovered, rising 14.2% in 2022 and 7.9% in 2023, before slipping 4.0% in 2025.

Nine monthly payments in 2026 add up to $1.2715 per share, about 3.0% less than the same months of 2025. The check shrank during the year, from $0.14795 in February to about $0.135 from July on.

Yes. KBWD pays 12 times a year. It goes ex-dividend near the 20th of each month, and the cash arrives four days later.

KBWD’s October 2026 payout had not been listed in this page’s data by October 16, 2026.

No. Its prospectus describes holding the stocks in its index, not selling options. The high payout comes from the dividends of the high-yield financial companies it owns.

So KBWD’s payout depends on what those companies pay out. There is no option income to smooth it.

This page does not give advice. KBWD’s payouts over the 12 months to Oct 13, 2026 totaled $1.71 a share. With shares around $10.55, that is a trailing yield of about 16.21%. Ares Capital, one of the largest BDCs, yielded about 10.31%.

A big yield has not meant a big total return. Per its prospectus, KBWD returned 4.43% in 2024, 2.56% a year over five years and 4.23% a year over ten, all to December 31, 2024. The S&P 500 Financials Index made 30.56%, 11.70% and 11.43% over the same periods.

It can also swing hard. Its worst quarter was January to March 2020, down 49.04%; its best was the next quarter, up 29.97%.

As of Oct 13, 2026, KBWD yields about 16.21%, having distributed $1.71 per share over the trailing twelve months.

Its most recent payment was $0.135 per share, which went ex-dividend on Sep 21, 2026 and paid on Sep 25, 2026.

Because KBWD pays a variable monthly distribution, the amount changes every period — its recent payments have ranged from $0.135 to $0.1434 per share. Treat the headline yield as a record of what was paid, not a promise of future income.

KBWD tracks the KBW Nasdaq Financial Sector Dividend Yield Index, a dividend-yield-weighted basket of high-yielding US financial-sector companies such as BDCs, mortgage REITs, and specialty lenders, and pays monthly. Its concentration in high-yield financials makes the payout large but more cyclical and rate-sensitive than a broad dividend fund.

KBWD is a high-dividend etf from Invesco that distributes monthly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for KBWD: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.