NOBL Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
NOBL's approximate ~2.0% yield (as of mid-2026) makes it a growth-first, low-yield fund. It tracks S&P 500 Dividend Aristocrats Index and passes through the dividends of its holdings, typically quarterly, minus a 0.35% expense ratio. If income is your goal, look to dedicated dividend funds for more; NOBL 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 ProShares.
How does the NOBL dividend work?
NOBL holds the companies in S&P 500 Dividend Aristocrats Index, collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 0.35% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
NOBL tracks the S&P 500 Dividend Aristocrats Index, an equal-weighted portfolio of S&P 500 companies that have increased their dividend for at least 25 straight years, at a 0.35% expense ratio. The key nuance versus broad high-yield funds is that NOBL screens for consistency and growth of dividends rather than the highest current yield.
How does NOBL's dividend yield compare?
- Approximate yield: ~2.0% (mid-2026).
- What drives it: the payout of the underlying S&P 500 Dividend Aristocrats Index holdings.
- Fee drag: the 0.35% 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 NOBL against dividend-focused funds. See the best dividend ETFs roundup, or analyze how NOBL's income fits your real portfolio in Walnut.
The bottom line on the NOBL dividend
The bottom line: at an approximate ~2.0% yield, NOBL is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; NOBL is the wrong tool for yield and the right one for total-return S&P 500 Dividend Aristocrats 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 ProShares.
Build a portfolio around NOBL with Walnut
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FAQ
What is NOBL's dividend yield?
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Approximately ~2.0% as of mid-2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on ProShares's fund page.
How often does NOBL pay a dividend?
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Most US equity ETFs like NOBL distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with ProShares.
Where does NOBL's dividend come from?
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NOBL tracks S&P 500 Dividend Aristocrats Index and holds names such as WST, BEN, CAT, ABBV, SJM. The fund collects the dividends those companies pay and passes them to you, minus the 0.35% expense ratio.
Can I reinvest NOBL dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so NOBL distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is NOBL a good choice for dividend income?
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Walnut is informational, not investment advice. NOBL yields roughly ~2.0%, 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 NOBL dividends qualified?
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Many dividends from a US large-cap equity ETF like NOBL 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 ProShares'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 ProShares or your broker.