SPYSPDR S&P 500 ETF
Current Price$595.00
Dividend Yield1.25%
Annual Dividend$7.44
Pay FrequencyQuarterly

Calculate SPY Income

How much you want to invest in SPY
Current market price
Annual yield percentage
Annual SPY Income$125
Monthly Income$10
Shares Owned16
Effective Yield1.25%
Phin Smith
CREATED BY Phin Smith UPDATED
Based on 3 sources
Reviewed by Expert
753 people found this helpful

How to Calculate SPY Dividend Income

Follow these steps to estimate your SPY dividend income:

  1. Enter investment amount - How much you want to invest in SPY.
  2. Verify the share price - The calculator uses current price of $595.00.
  3. Check the yield - SPY currently yields 1.25% annually.
  4. View your projected income - See annual, monthly, and quarterly estimates.
Note: SPY pays dividends quarterly, so you'll receive 4 payments per year.

About SPDR S&P 500 ETF (SPY)

The original and largest S&P 500 ETF tracking America's top 500 companies.

SPY Key Facts

  • Dividend Yield: 1.25% annually
  • Payment Frequency: Quarterly
  • Sector: ETF
  • Expense Ratio: 0.0945%

Frequently Asked Questions

Is SPY a good dividend investment?

SPY offers a 1.25% yield with quarterly payments. Whether it's right for you depends on your income needs, risk tolerance, and overall portfolio strategy.

How often does SPY pay dividends?

SPY pays dividends quarterly, which means you receive 4 dividend payments per year.

What is SPY's current dividend yield?

SPY currently yields approximately 1.25% based on a price of $595.00 and annual dividend of $7.44 per share.

Can SPY cut its dividend?

Any investment can potentially reduce dividends during difficult economic conditions. Review SPY's dividend history and payout ratio to assess sustainability.

How many shares of SPY should I buy?

It depends on your goals and portfolio size. A $10,000 investment would buy approximately 16 shares, generating about $125 in annual dividends.

Investing in SPY for Dividend Income

SPDR S&P 500 ETF (SPY) offers investors a quality dividend growth option with its current 1.25% dividend yield. As an ETF with a 0.0945% expense ratio, SPY provides diversified exposure to its underlying holdings with professional management.

When evaluating SPY for your portfolio, consider factors beyond yield including payout ratio sustainability, dividend growth history, and how it fits with your overall asset allocation and income needs.

Use this calculator to project your potential dividend income from SPY, model different investment scenarios, and plan your path toward financial goals. For comprehensive analysis, combine these projections with our tax calculator for after-tax returns and DRIP calculator for long-term compounding effects.

Sources

This calculator is based on the following authoritative sources:

  1. Investopedia - Dividend Yield Definition

    Comprehensive guide to dividend yield calculation and evaluation methodology.

  2. Yahoo Finance - Stock Data

    Real-time stock prices, dividend information, and financial data.

  3. SEC EDGAR - Company Filings

    Official SEC filings with dividend announcements and financial reports.