Invesco S&P 500 High Dividend Low Volatility ETF
SPHDETF · ETF · monthly payer
Forward Yield
5.03%
Annual Dividend
$2.47
Payout Ratio
—
5-Yr Growth
1.0%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) yields 5.03% ($2.47 per share annually), with a blended fair-value estimate of $33.05 — -34% downside, so it screens as overvalued. Dividend safety grade: C (56/100). 1 years of dividend growth.
Is SPHD a good dividend stock?
MixedInvesco S&P 500 High Dividend Low Volatility ETF (SPHD) pays a monthly dividend yielding 5.03% ($2.47/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
Key Data
- Dividend Yield
- 5.03%
- Payout Ratio
- —
- Annual Dividend
- $2.47
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- —
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 15.8
- 5-Yr Total Return
- 17%
- 52-Week Range
- $46.58 – $54.04
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
SPHD Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+32%
5 Years
+17%
52-Week Range
$46.58 – $54.04
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SPHD worth?
Overvaluedlow confidenceOur blended fair-value estimate for Invesco S&P 500 High Dividend Low Volatility ETF is $33.05 per share, versus a market price of $50.23. That implies 34% of downside.
Fair Value
$33.05
Current Price
$50.23
Downside
-34%
Margin of Safety
-52%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $2.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SPHD 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
Full SPHD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 21, 2026 | — | $0.2020 | regular |
| Aug 24, 2026 | — | $0.2200 | regular |
| Jul 20, 2026 | — | $0.2150 | regular |
| Jun 22, 2026 | — | $0.2110 | regular |
| May 18, 2026 | — | $0.2090 | regular |
| Apr 20, 2026 | — | $0.2080 | regular |
| Mar 23, 2026 | — | $0.2070 | regular |
| Feb 23, 2026 | — | $0.2090 | regular |
| Jan 20, 2026 | — | $0.2030 | regular |
| Dec 22, 2025 | — | $0.2060 | regular |
| Nov 24, 2025 | — | $0.1950 | regular |
| Oct 20, 2025 | — | $0.1830 | regular |
| Sep 22, 2025 | — | $0.1780 | regular |
| Aug 18, 2025 | — | $0.1620 | regular |
Income Calculator
At $2.47 / yr per share
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