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DVY Dividend Calculator: Project iShares Select Dividend ETF Income

DVY is one of the oldest dividend ETFs, tracking the Dow Jones U.S. Select Dividend Index. Its screen looks for established dividend payers with sustainable payout ratios and a record of dividend growth, with a long-standing tilt toward utilities, energy, and financials.

The fund's history is its calling card: it has paid distributions since 2003, which gives it one of the longest live track records in the category. That same history shows how sector concentration can shape both income and returns.

Use this calculator to project DVY income with or without reinvestment, model contributions, and solve backwards from a monthly target.

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

Share price
$154.73
Dividend yield (TTM)
3.24%
Expense ratio
0.38%
Distribution frequency
Quarterly
TTM distributions / share
$5.35
Assets under management
$23.6B
How much DVY do you need for your income goal?

Capital required at the current 3.24% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$185.2K1,197
$1,000/month$12.0K$370.4K2,394
$2,000/month$24.0K$740.7K4,788
$3,000/month$36.0K$1.1M7,181
$5,000/month$60.0K$1.9M11,969
$10,000/month$120.0K$3.7M23,937

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 DVY income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 3.24% 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 yr19 yr23 yr28 yr
$500/month12 yr15 yr19 yr24 yr
$1,000/month8 yr12 yr15 yr20 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 DVY is for
  • Income investors who value a long live track record
  • Portfolios that want exposure to utilities and value sectors
  • Investors comparing legacy dividend screens against newer quality screens
  • Satellite income positions alongside broad-market funds
Trade-offs to understand
  • Sector concentration in utilities and financials makes it sensitive to rates
  • Higher expense ratio than several comparable dividend ETFs
  • Fewer holdings than broad-market funds, so single names matter more

About DVY

Tracks the Dow Jones U.S. Select Dividend Index — 100 stocks screened on dividend per share growth, payout ratio, and average daily volume, with utilities-heavy exposure.

DVY key facts
MetricValue
Fund nameiShares Select Dividend ETF
IssuerBlackRock
CategoryHigh Dividend Yield
Inception date2003-11-03
Share price$154.73
NAV$154.76
Dividend yield (TTM)3.24%
Expense ratio0.38%
Distribution frequencyQuarterly
Assets under management$23.6B
1-year return17.00%
5-year return (annualized)9.74%
3-year beta0.53

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

DVY dividend history and payout schedule
TTM / share
$5.35
Yield (TTM)
3.24%
Annual growth
7.9%
Pays in
March, June, September, December
Payment datePer share
September 15, 2026$1.33
June 15, 2026$1.25
March 17, 2026$1.15
December 16, 2025$1.62
September 16, 2025$1.25
June 16, 2025$1.23
March 18, 2025$1.05
December 17, 2024$1.32

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 DVY, by portfolio weight.

  • PFEPfizer Inc2.29%
  • HPQHP Inc2.24%
  • PRUPrudential Financial Inc2.14%
  • TROWT. Rowe Price Group Inc2.12%
  • MOAltria Group Inc2.09%
  • VZVerizon Communications Inc1.86%
  • OKEONEOK Inc1.84%
  • TGTTarget Corp1.74%
Sector allocation

Sector exposure reported by the fund provider.

  • Utilities22.60%
  • Financials19.80%
  • Energy11.20%
  • Consumer Staples10.40%
  • Industrials8.60%
  • Materials6.80%
DVY frequently asked questions

DVY yields about 3.24% per year on a trailing basis at $154.73 per share. Its index targets established high payers, so the yield generally runs above broad-market funds.

At a 3.24% yield, $12,000 per year requires roughly $370.4K, or about 2,394 shares at $154.73. Reinvestment and contributions can lower the required starting capital.

DVY distributes quarterly, recently in March, June, September, December. The trailing twelve-month distribution totals about $5.35 per share. Payments are usually eligible for automatic reinvestment at major brokers.

The index screens U.S. companies for sustained dividend payments, payout-ratio limits, and other quality conditions, then weights eligible names by dividend. The screen explicitly excludes some high-yield sectors and has historically leaned toward utilities, energy, and financials.

DVY's distributions are generally qualified dividends, taxed at long-term capital gains rates in taxable accounts. Some holdings structured as REITs or partnerships can pay ordinary income instead. Confirm your own situation with a tax professional.

Comparing the latest twelve months of distributions with the twelve months ending four years earlier, DVY's per-share payout has changed by roughly 7.9% per year. High-yield funds often grow payouts more slowly than dedicated dividend-growth strategies.

Investing $500 a month with all distributions reinvested, DVY'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 $222.4K. This assumes today's 3.24% 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.