Dividend Research

Monthly Dividend ETFs

Exchange-traded funds that pay distributions every month.

Most equity ETFs distribute quarterly, but a large minority — especially bond, covered-call and multi-asset income funds — pays monthly, matching the cadence of the income their holdings throw off.

For an ETF the monthly figure is a distribution rather than a corporate dividend: it can blend dividends, interest, option premium and sometimes return of capital, and it commonly varies month to month.

Matching Securities44

Shown44

Median Yield (shown)5.52%

Top Yield (shown)11.88%

#	Company	Price	Yield	Frequency	Rank
1	YieldMax Target 12 Real Estate Option Income ETF RNTY	$46.62	11.88%	Monthly	35
2	Global X - Russell 2000 Covered Call ETF RYLD	$15.19	11.65%	Monthly	37
3	Global X - Nasdaq 100 Covered Call ETF QYLD	$18.32	11.57%	Monthly	39
4	JPMorgan Nasdaq Equity Premium Income Active ETF JEPQ.TO	$28.79	11.57%	Monthly	35
5	JPMorgan Nasdaq Equity Premium Income ETF JEPQ	$58.81	11.57%	Monthly	36
6	Brompton Enhanced Multi-Asset Income ETF BMAX.TO	$14.53	10.74%	Monthly	42
7	Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF TPAY	$52.94	9.56%	Monthly	42
8	Global X - SuperDividend ETF SDIV	$23.58	9.16%	Monthly	45
9	Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF BEPR.TO	$7.98	9.02%	Monthly	47
10	Brompton Global Healthcare Income & Growth ETF HIG.TO	$7.65	8.63%	Monthly	45
11	Brompton European Dividend Growth ETF EDGF.TO	$11.03	7.62%	Monthly	53
12	JPMorgan Equity Premium Income ETF JEPI	$57.04	7.18%	Monthly	50
13	Middlefield Real Estate Dividend ETF MREL.TO	$12.54	7.18%	Monthly	56
14	Mackenzie Floating Rate Income ETF MFT.TO	$15.64	7.14%	Monthly	52
15	Global X - U.S. Preferred ETF PFFD	$17.19	6.98%	Monthly	53
16	Brompton Global Dividend Growth ETF BDIV.TO	$24.36	6.90%	Monthly	52
17	Brompton Tech Leaders Income ETF TLF.TO	$31.44	6.68%	Monthly	56
18	iShares Preferred and Income Securities ETF PFF	$28.86	6.63%	Monthly	57
19	Brompton Flaherty & Crumrine Investment Grade Preferred ETF BPRF.TO	$21.43	6.16%	Monthly	52
20	Brompton North American Financials Dividend ETF BFIN.TO	$27.33	6.15%	Monthly	52
21	Brompton Split Corp. PreferredShareETF SPLT.TO	$10.99	6.01%	Monthly	51
22	iShares BBB-B CLO Active ETF BCLO	$49.60	5.55%	Monthly	59
23	Middlefield Healthcare Dividend ETF LS.TO	$10.94	5.48%	Monthly	62
24	Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged) QEBH.TO	$75.61	5.08%	Monthly	60
25	Lysander-Slater Preferred Share ActivETF PR.TO	$10.30	4.89%	Monthly	63
26	Invesco High Yield Equity Dividend Achievers ETF PEY	$23.61	4.85%	Monthly	65
27	Invesco S&P 500 High Dividend Low Volatility ETF SPHD	$50.61	4.78%	Monthly	64
28	Amplify CWP Enhanced Dividend Income ETF DIVO	$47.81	4.74%	Monthly	62
29	Fidelity Tactical Bond ETF FTBD	$47.30	4.67%	Monthly	60
30	iShares USD Green Bond ETF BGRN	$45.91	4.61%	Monthly	60
31	Russell Investments Global Infrastructure Pool ETF RIIN.TO	$23.23	4.24%	Monthly	61
32	Russell Investments Fixed Income Pool RIFI.TO	$17.34	4.08%	Monthly	61
33	Russell Investments Real Assets ETF RIRA.TO	$20.82	4.03%	Monthly	61
34	Brompton North American Low Volatility Dividend ETF BLOV.TO	$27.35	3.84%	Monthly	61
35	Vanguard Canadian Aggregate Bond Index ETF VAB.TO	$22.42	3.31%	Monthly	64
36	WisdomTree U.S. High Dividend Fund DHS	$116.19	3.25%	Monthly	65
37	Mackenzie Canadian Strategic Fixed Income ETF MKB.TO	$18.72	3.10%	Monthly	63
38	Exemplar Growth & Income Fund EGIF.TO	$27.47	3.01%	Monthly	62
39	Mackenzie Canadian Short Term Fixed Income ETF MCSB.TO	$19.72	2.73%	Monthly	53
40	Caldwell U.S. Dividend Advantage Fund UDA.TO	$17.30	2.64%	Monthly	53
41	WisdomTree U.S. MidCap Dividend Fund DON	$55.78	2.58%	Monthly	57
42	WisdomTree U.S. LargeCap Dividend Fund DLN	$99.84	2.34%	Monthly	59
43	iShares Core High Dividend ETF HDV	$30.04	2.24%	Monthly	57
44	WisdomTree U.S. Quality Dividend Growth Fund DGRW	$98.86	0.67%	Monthly	40

Methodology

U.S.- and Canadian-listed ETFs in our coverage (Canadian listings carry a .TO suffix and are priced in Canadian dollars; OTC lines are excluded) whose recent distributions run on a monthly schedule, ordered by distribution yield (latest regular distribution annualized against the latest price).

What to Keep in Mind

Distribution yield is not earnings yield: funds that write options or use leverage can sustain high distributions while NAV erodes. Corporate payout ratios do not apply to ETFs; judge a fund on its distribution history and what the distribution is made of.

Frequently asked questions

Which ETFs pay monthly dividends?

Mostly bond funds, covered-call equity funds and multi-asset income funds — structures whose underlying cash flows arrive monthly. The table above is the live monthly-paying set in our coverage.

Why do ETF distributions change every month?

Because they pass through whatever the holdings generated — dividends, interest, option premium — rather than a board-declared fixed amount. Variation is normal, not necessarily a cut.

Data updated Oct 19, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.