does xlu etf pay dividends

The Utilities Select Sector SPDR Fund (XLU) provides dividend income to investors with a yield of 3.9%.

Oct 11, 2024 at 10:00 am

Does XLU ETF Pay Dividends?

Yes, the XLU ETF pays dividends. The Utilities Select Sector SPDR Fund (XLU) is an exchange-traded fund (ETF) that tracks the performance of the utilities sector of the S&P 500 Index. The fund invests in companies that provide electric, gas, and water services.

Dividend History

XLU has a history of paying consistent dividends. The following table shows the dividend payments for the past five years:

Year	Dividend Per Share	Yield
2023	$3.72	3.2%
2022	$3.52	3.1%
2021	$3.28	2.9%
2020	$3.04	2.7%
2019	$2.88	2.6%

Dividend Yield

The dividend yield is the annual dividend per share divided by the current share price. The dividend yield for XLU is currently 3.9%. This means that if you invest $100 in XLU, you can expect to receive $3.90 in dividends over the next year.

Ex-Dividend Date and Payment Date

The ex-dividend date is the date on which you must own the stock in order to receive the dividend. The payment date is the date on which the dividend is paid to shareholders.

For XLU, the ex-dividend date is typically two business days before the payment date. The payment date is typically the third business day after the ex-dividend date.

Dividend Reinvestment Plan (DRIP)

XLU offers a dividend reinvestment plan (DRIP). This allows shareholders to automatically reinvest their dividends in additional shares of XLU. The DRIP can be a good way to build your portfolio over time.

Conclusion

XLU is a well-established ETF that has a history of paying consistent dividends. The dividend yield is currently 3.9%. If you are looking for an investment that provides income, XLU is a good option to consider.

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