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High Dividend YieldState Street SPDR

SPYD Dividend Calculator: Project SPDR Portfolio S&P 500 High Dividend ETF Income

SPYD holds the 80 highest-yielding companies in the S&P 500, equally weighted. That construction is deliberately different from cap-weighted funds: it tilts hard toward yield and away from mega-cap concentration, which shows up in sectors like financials, energy, utilities, and real estate.

The result is a high starting yield with no dividend-growth requirement — the fund follows the yield, not a payout-growth track record. That makes the current income attractive, but it also means you should check where the yield is coming from before relying on it.

Use this calculator to project SPYD 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
$46.19
Dividend yield (TTM)
4.09%
Expense ratio
0.07%
Distribution frequency
Quarterly
TTM distributions / share
$2.06
Assets under management
$7.7B
How much SPYD do you need for your income goal?

Capital required at the current 4.09% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$146.7K3,176
$1,000/month$12.0K$293.4K6,352
$2,000/month$24.0K$586.8K12,704
$3,000/month$36.0K$880.2K19,056
$5,000/month$60.0K$1.5M31,760
$10,000/month$120.0K$2.9M63,520

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 SPYD income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 4.09% 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/month14 yr17 yr21 yr25 yr
$500/month10 yr14 yr17 yr22 yr
$1,000/month7 yr10 yr14 yr18 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 SPYD is for
  • Income investors who want a high starting yield from large U.S. companies
  • A satellite holding alongside a broad-market core
  • Investors who prefer equal-weight exposure over cap-weighted mega-cap concentration
  • Portfolios that will reinvest distributions and can tolerate sector swings
Trade-offs to understand
  • The highest-yielding names can be yield traps — big payouts sometimes precede cuts
  • Equal weighting and sector concentration create larger swings than broad-market funds
  • No dividend-growth screen, so the payout may lag inflation over long periods

About SPYD

Tracks the S&P 500 High Dividend Index — the 80 highest-yielding stocks in the S&P 500, equally weighted. Pure yield maximization within a large-cap universe.

SPYD key facts
MetricValue
Fund nameSPDR Portfolio S&P 500 High Dividend ETF
IssuerState Street SPDR
CategoryHigh Dividend Yield
Inception date2015-10-21
Share price$46.19
NAV$46.18
Dividend yield (TTM)4.09%
Expense ratio0.07%
Distribution frequencyQuarterly
Assets under management$7.7B
1-year return9.32%
5-year return (annualized)9.85%
3-year beta0.59

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

SPYD dividend history and payout schedule
TTM / share
$2.06
Yield (TTM)
4.09%
Annual growth
6.4%
Pays in
March, June, September, December
Payment datePer share
September 21, 2026$0.52
June 22, 2026$0.54
March 23, 2026$0.45
December 22, 2025$0.55
September 22, 2025$0.49
June 23, 2025$0.50
March 24, 2025$0.42
December 20, 2024$0.55

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 SPYD, by portfolio weight.

  • ACNAccenture PLC Class A1.67%
  • ARESAres Management Corp Ordinary Shares - Class A1.48%
  • HPQHP Inc1.47%
  • TGTTarget Corp1.44%
  • BXBlackstone Inc1.44%
  • PAYXPaychex Inc1.42%
  • PFEPfizer Inc1.41%
  • CMCSAComcast Corp Class A1.40%
Sector allocation

Sector exposure reported by the fund provider.

  • Real Estate18.40%
  • Utilities16.50%
  • Financials15.80%
  • Consumer Staples12.40%
  • Energy10.20%
  • Health Care9.40%
SPYD frequently asked questions

SPYD yields about 4.09% per year on a trailing basis at $46.19 per share. Because it tracks the highest-yielding S&P 500 names, it generally offers one of the higher yields among diversified equity ETFs.

At a 4.09% yield, $12,000 per year requires roughly $293.4K, or about 6,352 shares at $46.19. Reinvestment and regular contributions reduce the capital needed over time.

SPYD distributes quarterly, recently in March, June, September, December. The trailing twelve-month distribution totals about $2.06 per share. Most brokers can reinvest payments automatically through DRIP.

A high trailing yield is backward-looking. SPYD does not screen for dividend growth, so some holdings may be paying out a large share of earnings — a pattern that can precede cuts. Diversification across 80 names reduces single-company risk, but the distribution is not guaranteed.

SPYD is equal-weighted and concentrated in the 80 highest yielders of the S&P 500; VYM holds several hundred names with broader sector diversification. SPYD typically yields more and swings more — compare them side by side for current numbers.

Comparing the latest twelve months of distributions with the twelve months ending four years earlier, SPYD's per-share payout has changed by roughly 6.4% per year. Yield-focused funds often grow payouts more slowly than dividend-growth strategies.

Investing $500 a month with all distributions reinvested, SPYD's projected dividend income reaches $1,000 a month in about 14 years. By then you would have contributed roughly $84.0K and the projected portfolio value would be about $206.9K. This assumes today's 4.09% 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.