BNO Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
BNO's approximate 0.00% yield (as of July 2026) makes it a growth-first, low-yield fund. It tracks Brent Crude Oil Futures (ICE) and passes through the dividends of its holdings, typically quarterly, minus a 1.15% expense ratio. If income is your goal, look to dedicated dividend funds for more; BNO is built for total return, not yield. If total return is the goal, the yield matters less than cost and what it holds. Yield is a recent snapshot, not a promise; verify the current figure with USCF Investments.
How does the BNO dividend work?
BNO holds the companies in Brent Crude Oil Futures (ICE), collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 1.15% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
United States Brent Oil Fund holds near-month ICE Brent crude oil futures rather than physical oil, so its return reflects the futures curve, not the headline spot price. In contango (later-dated contracts priced higher), monthly roll into pricier contracts creates a persistent drag; in backwardation the roll can add to returns. That structure, plus a 1.15% expense ratio, makes BNO better suited to short-term views on Brent than to long-term buy-and-hold. It pays no dividend. Holdings are futures contracts and cash collateral, not equities.
How does BNO's dividend yield compare?
- Approximate yield: 0.00% (July 2026).
- What drives it: the payout of the underlying Brent Crude Oil Futures (ICE) holdings.
- Fee drag: the 1.15% expense ratio is deducted before you receive distributions.
- For more income: dedicated dividend or income ETFs target higher yield, with their own trade-offs.
If income is your goal, compare BNO against dividend-focused funds. See the best dividend ETFs roundup, or analyze how BNO's income fits your real portfolio in Walnut.
The bottom line on the BNO dividend
The bottom line: at an approximate 0.00% yield, BNO is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; BNO is the wrong tool for yield and the right one for total-return Brent Crude Oil Futures (ICE) exposure. If total return is the goal, the yield matters less than cost and what it holds. Treat the figure as a moving snapshot, not a fixed rate, and verify the current yield with USCF Investments.
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FAQ
What is BNO's dividend yield?
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Approximately 0.00% as of July 2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on USCF Investments's fund page.
How often does BNO pay a dividend?
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Most US equity ETFs like BNO distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with USCF Investments.
Where does BNO's dividend come from?
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BNO tracks Brent Crude Oil Futures (ICE) and holds names such as BRNX26. The fund collects the dividends those companies pay and passes them to you, minus the 1.15% expense ratio.
Can I reinvest BNO dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so BNO distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is BNO a good choice for dividend income?
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Walnut is informational, not investment advice. BNO yields roughly 0.00%, which is modest. Dedicated dividend ETFs target higher yield; broad-market funds prioritize total return over yield. Match the choice to whether you want income now or growth.
Are BNO dividends qualified?
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Many dividends from a US large-cap equity ETF like BNO are qualified (taxed at lower long-term rates) if holding-period rules are met, but some portion can be ordinary. Tax treatment depends on your situation; confirm with a tax professional and USCF Investments's tax documents.
Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to July 2026, and change; verify current figures with USCF Investments or your broker.