ProShares S&P 500 Dividend Aristocrats ETF
NOBLETF · ETF · quarterly payer
Forward Yield
2.06%
Annual Dividend
$1.17
Payout Ratio
—
5-Yr Growth
5.4%
Ex-Date
—
Frequency
Quarterly
Summary
As of July 2026, ProShares S&P 500 Dividend Aristocrats ETF (NOBL) yields 2.06% ($1.17 per share annually), with a blended fair-value estimate of $20.23 — -64% downside, so it screens as overvalued. Dividend safety grade: C (65/100). 3 years of dividend growth.
Is NOBL a good dividend stock?
Yes, with caveatsProShares S&P 500 Dividend Aristocrats ETF (NOBL) pays a quarterly dividend yielding 2.06% ($1.17/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 5.4% 5-yr dividend growth
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 2.06%
- Payout Ratio
- —
- Annual Dividend
- $1.17
- 5-Yr Avg Growth
- 5.4%
- Ex-Dividend Date
- —
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 23.7
- 5-Yr Total Return
- 21%
- 52-Week Range
- $50.12 – $58.07
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
NOBL Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+21%
5 Years
+21%
52-Week Range
$50.12 – $58.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NOBL worth?
Overvaluedlow confidenceOur blended fair-value estimate for ProShares S&P 500 Dividend Aristocrats ETF is $20.23 per share, versus a market price of $56.93. That implies 64% of downside.
Fair Value
$20.23
Current Price
$56.93
Downside
-64%
Margin of Safety
-181%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 5.8% stage-1 growth, 2.5% terminal growth, $1.17 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NOBL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 24, 2026 | — | $0.3040 | regular |
| Mar 25, 2026 | — | $0.2560 | regular |
| Dec 24, 2025 | — | $0.3305 | regular |
| Sep 24, 2025 | — | $0.2745 | regular |
| Jun 25, 2025 | — | $0.2750 | regular |
| Mar 26, 2025 | — | $0.2325 | regular |
| Dec 23, 2024 | — | $0.2930 | regular |
| Sep 25, 2024 | — | $0.2610 | regular |
| Jun 26, 2024 | — | $0.2750 | regular |
| Mar 20, 2024 | — | $0.1930 | regular |
| Dec 20, 2023 | — | $0.3280 | regular |
| Sep 20, 2023 | — | $0.2605 | regular |
| Jun 21, 2023 | — | $0.2315 | regular |
| Mar 22, 2023 | — | $0.1770 | regular |
Income Calculator
At $1.17 / yr per share
