COWZ Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
COWZ's approximate ~2.2% yield (as of mid-2026) makes it a growth-first, low-yield fund. It tracks Pacer US Cash Cows 100 Index and passes through the dividends of its holdings, typically quarterly, minus a 0.49% expense ratio. If income is your goal, look to dedicated dividend funds for more; COWZ 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 Pacer ETFs.
How does the COWZ dividend work?
COWZ holds the companies in Pacer US Cash Cows 100 Index, collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 0.49% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
COWZ tracks the Pacer US Cash Cows 100 Index, which screens the Russell 1000 for the 100 companies with the highest trailing free-cash-flow yield and weights them by free cash flow generated, capped at 2% each. It charges 0.49%. Unlike a broad index fund or a book-value-based value fund, COWZ is built around a single signal, free cash flow yield, giving it a concentrated, quality-value tilt that can look very different from the S&P 500.
How does COWZ's dividend yield compare?
- Approximate yield: ~2.2% (mid-2026).
- What drives it: the payout of the underlying Pacer US Cash Cows 100 Index holdings.
- Fee drag: the 0.49% 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 COWZ against dividend-focused funds. See the best dividend ETFs roundup, or analyze how COWZ's income fits your real portfolio in Walnut.
The bottom line on the COWZ dividend
The bottom line: at an approximate ~2.2% yield, COWZ is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; COWZ is the wrong tool for yield and the right one for total-return Pacer US Cash Cows 100 Index 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 Pacer ETFs.
Build a portfolio around COWZ with Walnut
Use COWZ as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
What is COWZ's dividend yield?
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Approximately ~2.2% as of mid-2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on Pacer ETFs's fund page.
How often does COWZ pay a dividend?
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Most US equity ETFs like COWZ distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with Pacer ETFs.
Where does COWZ's dividend come from?
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COWZ tracks Pacer US Cash Cows 100 Index and holds names such as BKNG, LOW, HCA, UBER, TMUS. The fund collects the dividends those companies pay and passes them to you, minus the 0.49% expense ratio.
Can I reinvest COWZ dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so COWZ distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is COWZ a good choice for dividend income?
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Walnut is informational, not investment advice. COWZ yields roughly ~2.2%, 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 COWZ dividends qualified?
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Many dividends from a US large-cap equity ETF like COWZ 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 Pacer ETFs's tax documents.
Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to mid-2026, and change; verify current figures with Pacer ETFs or your broker.