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SDY Dividend Scorecard

SPDR S&P Dividend ETF · Dividend ETF · graded on the House framework — is the payout covered, is the yield real or a trap, and does it compound or just pay? Snapshot · Week of October 19, 2026

SDYSPDR S&P Dividend ETFDividend ETF
Yield
2.38%
Trailing — $3.78 TTM ÷ $158.40 Oct 23, 2026 close
Expense ratio
0.35%
Gross — State Street; nearly 6× SCHD's 0.06%
Dividend growth
~3.8%/yr
2020 $3.02 → 2025 $3.63 per share
Pays
Quarterly
Mar · Jun · Sep · Dec
House verdict

Reliable raisers — slow growth, high fee. Every holding has raised its dividend for at least 20 consecutive years, and the fund spreads that record across 155 names. What reaches the holder compounds slowly — $3.02 a share in 2020 to $3.63 in 2025, about 3.8% a year — and costs 0.35% a year to hold, nearly six times SCHD's 0.06% fee for a similar dividend-ETF universe. The payout is covered by the screen; the price of the screen is the drag.

Key risk: Yield weighting is the risk inside the screen: the highest-yielding raisers carry the largest weights and are re-weighted quarterly, so when a high yield is a falling price rather than a rising payout, the fund leans toward that name until the index's annual review — and a cut there cuts the distribution it passes through.

Changes if: The fee falls toward the 0.06–0.08% range charged by comparable dividend ETFs here, or the annual distribution compounds materially faster than its 2020–2025 pace of ~3.8%/yr through a full cycle without a down year — either changes the math this verdict rests on.

What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.

SDY in the House

Room: Consumer Reliability. Not one of the House's current holdings — in Order a New House it takes a seat in this room and carries the room's 19% target. Target 19% — the House's biggest room. Broad, quality-screened dividend payers: the reliable base the income is built on.

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Every card is graded the same way and re-checked against the company's own filings. The Weekly House Score reports whatever crosses a House threshold; the House Tracker is the spreadsheet the framework itself runs on.

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Figures are the snapshot from the week of October 19, 2026, checked against the company's SEC filings (EDGAR) and announcements — not a live feed, and not financial advice. Read the full disclaimers.