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Dividend GrowthBlackRock

DGRO Dividend Calculator: Project iShares Core Dividend Growth ETF Income

DGRO tracks the Morningstar US Dividend Growth Index, which requires at least five consecutive years of dividend increases and screens candidates for sustainable payout ratios. The result is a portfolio tilted toward quality businesses that keep raising their payouts.

Its starting yield is lower than high-dividend screens, and that is the trade-off: instead of maximizing income today, DGRO targets a payout that grows over time, which can matter more than the starting yield across long horizons.

Use this calculator to project income with or without reinvestment, model regular contributions, and solve backwards from a monthly income goal using current DGRO data.

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Data as of September 27, 2026 · Sources: Yahoo Finance and fund fact sheets.

Share price
$76.57
Dividend yield (TTM)
1.87%
Expense ratio
0.08%
Distribution frequency
Quarterly
TTM distributions / share
$1.50
Assets under management
$43.5B
How much DGRO do you need for your income goal?

Capital required at the current 1.87% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$320.9K4,191
$1,000/month$12.0K$641.7K8,381
$2,000/month$24.0K$1.3M16,762
$3,000/month$36.0K$1.9M25,143
$5,000/month$60.0K$3.2M41,904
$10,000/month$120.0K$6.4M83,808

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

How long to reach your DGRO income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 1.87% yield and dividend growth consistent with the fund's record; taxes and withdrawals are excluded.

Monthly contribution$500/month$1,000/month$2,000/month$5,000/month
$250/month15 yr18 yr21 yr25 yr
$500/month12 yr15 yr18 yr22 yr
$1,000/month9 yr12 yr15 yr19 yr

Projections assume a constant yield, dividend growth consistent with the holding's recent record, no price changes beyond its recent trend, and full reinvestment. Actual results will differ. Dividend income is shown before taxes.

Who DGRO is for
  • Investors who want dividend growth rather than maximum current yield
  • Taxable accounts where qualified dividends are more tax-efficient
  • Long-horizon portfolios that will reinvest distributions for years
  • A less concentrated alternative to single-sector dividend funds
Trade-offs to understand
  • The starting yield is modest, so current income is limited
  • A growth screen can underweight the highest-yielding sectors
  • Quarterly distributions only

About DGRO

Tracks the Morningstar US Dividend Growth Index — U.S. companies with at least 5 consecutive years of dividend growth, positive earnings payout ratios under 75%, and broad sector exposure.

DGRO key facts
MetricValue
Fund nameiShares Core Dividend Growth ETF
IssuerBlackRock
CategoryDividend Growth
Inception date2014-06-10
Share price$76.57
NAV$76.54
Dividend yield (TTM)1.87%
Expense ratio0.08%
Distribution frequencyQuarterly
Assets under management$43.5B
1-year return16.05%
5-year return (annualized)10.29%
3-year beta0.66

Historical returns are not a forecast. Figures shown are the latest available and may differ slightly from issuer fact sheets.

DGRO dividend history and payout schedule
TTM / share
$1.50
Yield (TTM)
1.87%
Annual growth
7.1%
Pays in
March, June, September, December
Payment datePer share
September 15, 2026$0.39
June 15, 2026$0.33
March 17, 2026$0.33
December 16, 2025$0.45
September 16, 2025$0.37
June 16, 2025$0.32
March 18, 2025$0.31
December 17, 2024$0.38

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended.

Top holdings

The largest positions in DGRO, by portfolio weight.

  • MSFTMicrosoft Corp3.50%
  • JPMJPMorgan Chase & Co3.17%
  • JNJJohnson & Johnson3.14%
  • ABBVAbbVie Inc2.99%
  • XOMExxonMobil Holdings Corp2.94%
  • AAPLApple Inc2.91%
  • AVGOBroadcom Inc2.40%
  • PGProcter & Gamble Co2.15%
Sector allocation

Sector exposure reported by the fund provider.

  • Financials19.20%
  • Information Tech17.80%
  • Health Care16.50%
  • Consumer Staples12.10%
  • Industrials11.40%
  • Energy6.80%
DGRO frequently asked questions

DGRO yields about 1.87% per year on a trailing basis at $76.57 per share. Because the fund screens for growing payouts rather than maximum yield, its starting yield is lower than high-dividend ETFs — the trade-off is dividend growth over time.

At a 1.87% yield, $12,000 per year takes roughly $641.7K invested, or about 8,381 shares at $76.57. Contributions, dividend growth, and reinvestment reduce the starting capital required over time.

DGRO distributes quarterly, recently in March, June, September, December. The trailing twelve-month distribution totals about $1.50 per share. Most brokers can reinvest each payment automatically through DRIP.

Both target dividend growth. DGRO requires at least five years of uninterrupted increases and screens payout sustainability, while SCHD requires ten years of dividend payments and scores cash flow, profitability, and yield. Yields, sector weights, and holdings differ — compare them side by side for the full breakdown.

DGRO's distributions are predominantly qualified dividends, generally taxed at long-term capital gains rates in taxable accounts. Holding it in an IRA or Roth removes the annual tax drag. Confirm your own situation with a tax professional.

Comparing the latest twelve months of distributions with the twelve months ending four years earlier, DGRO's per-share payout has grown at roughly 7.1% per year. Dividend growth is not guaranteed and can slow with the underlying companies' payouts.

Investing $500 a month with all distributions reinvested, DGRO's projected dividend income reaches $1,000 a month in about 15 years. By then you would have contributed roughly $90.0K and the projected portfolio value would be about $245.8K. This assumes today's 1.87% yield and the growth assumptions shown in the calculator, with no taxes or withdrawals — projections, not guarantees.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Fund data is sourced from Yahoo Finance and issuer fact sheets and may be delayed or contain errors. Dividend yields and distributions are not guaranteed. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.