State Street SPDR S&P Dividend ETF
SDYETF · ETF · quarterly payer
Forward Yield
2.52%
Annual Dividend
$3.78
Payout Ratio
—
5-Yr Growth
3.8%
Ex-Date
—
Frequency
Quarterly
Summary
As of September 2026, State Street SPDR S&P Dividend ETF (SDY) yields 2.52% ($3.78 per share annually), with a blended fair-value estimate of $64.31 — -57% downside, so it screens as overvalued. Dividend safety grade: B (66/100). 3 years of dividend growth.
Is SDY a good dividend stock?
Yes, with caveatsState Street SPDR S&P Dividend ETF (SDY) pays a quarterly dividend yielding 2.52% ($3.78/yr), with 3 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 2.52%
- Payout Ratio
- —
- Annual Dividend
- $3.78
- 5-Yr Avg Growth
- 3.8%
- Ex-Dividend Date
- —
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 19.1
- 5-Yr Total Return
- 22%
- 52-Week Range
- $135.30 – $160.29
- Dividend Safety
- B · 66/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
SDY Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+35%
5 Years
+22%
52-Week Range
$135.30 – $160.29
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SDY worth?
Overvaluedlow confidenceOur blended fair-value estimate for State Street SPDR S&P Dividend ETF is $64.31 per share, versus a market price of $150.78. That implies 57% of downside.
Fair Value
$64.31
Current Price
$150.78
Downside
-57%
Margin of Safety
-134%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 5.7% stage-1 growth, 2.5% terminal growth, $3.73 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SDY Dividend Safety Score
Safe
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 |
|---|---|---|---|
| Sep 21, 2026 | — | $0.9170 | regular |
| Jun 22, 2026 | — | $0.9680 | regular |
| Mar 23, 2026 | — | $0.8740 | regular |
| Dec 22, 2025 | — | $1.0170 | regular |
| Sep 22, 2025 | — | $0.8710 | regular |
| Jun 23, 2025 | — | $0.9270 | regular |
| Mar 24, 2025 | — | $0.8180 | regular |
| Dec 20, 2024 | — | $1.0300 | regular |
| Sep 20, 2024 | — | $0.7850 | regular |
| Jun 21, 2024 | — | $0.8590 | regular |
| Mar 15, 2024 | — | $0.7080 | regular |
| Dec 15, 2023 | — | $0.9780 | regular |
| Sep 15, 2023 | — | $0.7930 | regular |
| Jun 16, 2023 | — | $0.8140 | regular |
Income Calculator
At $3.78 / yr per share
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