SPY Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for SPDR S&P 500 ETF Trust (SPY). Pre-filled with SPY’s current yield of about 0.97% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
SPY dividend: yield, amount & dates
Snapshot of SPDR S&P 500 ETF Trust (SPY) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
SPY dividend income calculator
Pre-filled with SPY’s current yield of about 0.97%. See the income an amount of SPDR S&P 500 ETF Trust would pay, or how much you’d need for a target monthly income.
SPY dividend history by year
Per share, grouped by ex-dividend date. SPY pays four times a year.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Sep 18, 2026 | $5.5893 | — | 3 |
| 2025 | $7.2811 | +3.1% | 4 |
| 2024 | $7.065 | +6.5% | 4 |
| 2023 | $6.6338 | +5.0% | 4 |
| 2022 | $6.3207 | +10.5% | 4 |
| 2021 | $5.7182 | +0.5% | 4 |
| 2020 | $5.691 | +1.3% | 4 |
| 2019 | $5.6184 | +10.2% | 4 |
| 2018 | $5.1004 | +6.2% | 4 |
| 2017 | $4.8021 | +5.8% | 4 |
| 2016 | $4.539 | +7.9% | 4 |
| 2015 | $4.2059 | — | 4 |
SPY dividend history: up every year since 2015
SPY paid $4.2059 per share in 2015 and $7.2811 in 2025, a rise of about 5.6% a year. Each year was higher than the one before. Still, 2020 (up 1.3%) and 2021 (up 0.5%) barely moved. The 2025 total was 3.1% above 2024.
The first three payments of 2026 add up to $5.5893, which is 5.7% more than the same three a year earlier ($5.2878). Further back, SPY’s payout did fall once: it paid 20.0% less in 2009 ($2.1781) than in 2008 ($2.7214).
SPY ex-dividend and pay dates
The next ex-dividend date on State Street’s schedule is Dec 18, 2026, with payment on Jan 29, 2027. The schedule also lists a possible extra distribution going ex on December 31, 2026, also paid on January 29, 2027, if one is needed.
In 2026 SPY went ex-dividend on March 20, June 18 and September 18, near the third Friday of each quarter’s last month. The matching payments arrive on April 30, July 31 and October 30, the last business day of the next month.
Why SPY pays about six weeks after the ex-date
SPY is set up as a unit investment trust, and it pays late. For the September 18, 2026 ex-date, the cash comes on October 30, six weeks later.
Other S&P 500 funds pay much sooner. State Street’s own SPYM went ex-dividend on September 11, 2026 and paid on September 15. Vanguard’s VOO usually pays within a week of its ex-date. The total you get per share is not affected; only the wait is longer.
SPY dividend yield
As of Oct 13, 2026, SPY’s trailing yield was about 0.97%: $7.5827 per share over the past year, divided by the share price.
State Street listed three yields on September 24, 2026. The distribution yield was 0.99% and the 30-day SEC yield 0.95%. The S&P 500 itself had a dividend yield of 1.09%. Each uses a different time window and price.
SPY or VOO: which is better?
Both track the S&P 500, so they hold the same companies and pay nearly the same income per dollar. The differences are cost and timing. SPY charges 0.0945% a year and VOO 0.03%. VOO also pays its dividends weeks sooner.
Over the 10 years to August 31, 2026, SPY returned 15.22% a year at net asset value and VOO 15.34%, while the index itself returned 15.37%. Fees explain part of that small gap. State Street notes that options are available on SPY, which matters to some traders.
How much SPY for $1,000 a month?
At a trailing yield of 0.97%, $12,000 a year would take about $1,237,113 in SPY, around 1,583 shares near $781.72.
With a yield near 1%, SPY’s dividends alone need a large balance to live on. The calculator above shows the effect of reinvesting them.
SPY fund facts
The State Street SPDR S&P 500 ETF Trust began trading on January 22, 1993. On September 24, 2026 it had 504 holdings and $818.7 billion in assets. Its largest holdings were Nvidia (8.19%), Apple (7.38%) and Microsoft (5.57%).
To August 31, 2026, SPY returned 20.21% over one year, 20.89% a year over three years and 12.65% a year over five years, at net asset value.
dividendhistory.org and digrin.com agree on every SPY payment since 2015. The latest 20 also match stockanalysis.com. The 2026 dates come from State Street’s own schedule. Last checked Sep 26, 2026. Sources: State Street — SPY fund page; State Street — 2026 dividend distribution schedule; dividendhistory.org — SPY payouts; digrin.com — SPY dividends. Not financial advice.
Related dividend guides
SPY dividend snapshot
Varies by periodAs of Oct 13, 2026, SPY yields about 0.97%, having distributed $7.5827 per share over the trailing twelve months.
Its most recent payment was $1.8888 per share, which went ex-dividend on Sep 18, 2026 and paid on Oct 30, 2026.
SPY's quarterly payments have varied over the period shown, from $1.7611 to $1.9934 per share, with the latest at $1.8888.
Based on SPY’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About SPY
SPY is the oldest and most heavily traded US ETF, tracking the S&P 500. Its dividend is modest because it is a broad-market growth-and-income fund rather than an income product; VOO and SPLG track the same index at a lower expense ratio.
SPY is a broad-market index etf from State Street (SPDR) that distributes quarterly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for SPY: 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.
How to use the SPY calculator
- Replace the pre-filled yield with SPY’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a broad-market index etf these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
SPY dividend FAQ
- Does SPY pay a dividend?
- Yes, four times a year. In 2026 its ex-dividend dates are March 20, June 18, September 18 and December 18, with payments about six weeks later.
- When is SPY’s next dividend?
- State Street’s schedule lists the next ex-dividend date as Dec 18, 2026, paid on Jan 29, 2027.
- How much is SPY’s dividend per share?
- The latest dividend was $1.8888 per share (ex-dividend Sep 18, 2026). Over 12 months SPY paid $7.5827, and in 2025 it paid $7.2811.
- Is SPY a good dividend stock?
- SPY is a fund, not a single stock, and its yield is only about 1%. What its dividend does have is steady growth: about 5.6% a year from 2015 to 2025, with no yearly decline in that time.
- Why is SPY’s dividend paid so late?
- SPY is a unit investment trust and pays on the last business day of the month after its ex-date, about six weeks later. The amount is not reduced by the wait.
- How does this SPY dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with SPY's current yield (about 0.97% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for SPY?
- As of Oct 13, 2026, SPY's dividend yield was about 0.97% ($7.5827 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. Enter the trailing or forward yield, whichever you prefer to model.
- How often does SPY pay dividends, and when?
- SPDR S&P 500 ETF Trust pays a quarterly dividend; its most recent payment was $1.8888 per share, ex-dividend Sep 18, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the SPY projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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