Defiance S&P 500 Target Income (SPYT) Dividend
Defiance S&P 500 Target Income (SPYT) currently pays a dividend yield of 20.31%, distributing $3.44 per share annually ($0.29 per month). It is an exchange-traded fund, so its distribution reflects the dividends collected from its underlying holdings.
SPYT dividend at a glance
| Dividend Yield | 20.31% |
|---|---|
| Annual Dividend | $3.44 per share |
| Per Payment | $0.29 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | October 30, 2026 |
| Next Payment Date | October 5, 2026 |
| Type | Exchange-Traded Fund |
| Implied Share Price (from yield) | $16.96 |
What SPYT pays on a $10,000 investment
At a 20.31% yield, $10,000 invested in SPYT generates about $2,031.00 per year, or roughly $169.25 every month. Share counts below use an implied price of $16.96, derived from the $3.44 annual dividend and the 20.31% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 59 | $203.10 | $16.92 |
| $5,000 | 294.9 | $1,015.50 | $84.62 |
| $10,000 | 589.7 | $2,031.00 | $169.25 |
| $25,000 | 1,474.3 | $5,077.50 | $423.12 |
| $100,000 | 5,897.2 | $20,310.00 | $1,692.50 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
SPYT dividend payment schedule
SPYT pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is October 30, 2026, with payment on October 5, 2026. Later rows are projected forward at the same interval and will shift when Defiance S&P 500 Target Income declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| October 30, 2026 | October 5, 2026 | $0.29 | Confirmed |
| November 30, 2026 | November 5, 2026 | $0.29 | Projected |
| December 30, 2026 | December 5, 2026 | $0.29 | Projected |
| January 30, 2027 | January 5, 2027 | $0.29 | Projected |
| March 2, 2027 | February 5, 2027 | $0.29 | Projected |
| March 30, 2027 | March 5, 2027 | $0.29 | Projected |
To collect a SPYT dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How SPYT's dividend compares
Across the 714 dividend stocks and ETFs DivTrkr tracks, the median yield is 4.23%. SPYT's 20.31% is 16.08 percentage points above that median, ranking 105th of 714 by yield.
Among the 87 dividend ETFs we track, the median yield is 5.05% — putting SPYT above that group. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
What the numbers mean
Payout ratio is not reported for SPYT because it is a fund rather than an operating company — an ETF distributes the income it collects from its holdings, so there are no company earnings to measure the payout against.
SPYT pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of fund pays them. See the qualified vs. ordinary dividend rules.
SPYT dividend FAQ
When is the next SPYT ex-dividend date?
The next SPYT ex-dividend date is October 30, 2026, with the payment scheduled for October 5, 2026. You must own shares before the ex-dividend date to receive that payment.
What is SPYT's dividend yield?
SPYT currently yields 20.31%, based on $3.44 in dividends per share over the past year.
How often does SPYT pay dividends?
SPYT pays monthly, which works out to 12 payments per year of about $0.29 per share.
How much dividend income would $10,000 of SPYT generate?
At the current 20.31% yield, $10,000 invested in SPYT would produce roughly $2,031.00 per year, or about $169.25 per month, before taxes and assuming the dividend holds.
Is SPYT a Dividend Aristocrat?
No. SPYT is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
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Track SPYT dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.