PBW Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
PBW's approximate ~2.7% yield (as of mid-2026) makes it an income-oriented fund. It tracks WilderHill Clean Energy Index and passes through the dividends of its holdings, typically quarterly, minus a 0.64% expense ratio. If income is your goal, PBW earns its place as a yield-paying core holding. 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 Invesco.
How does the PBW dividend work?
PBW holds the companies in WilderHill Clean Energy Index, collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 0.64% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
PBW tracks the WilderHill Clean Energy Index, a roughly equal-weighted basket of around 70 to 80 small and mid-cap companies driving clean energy, from solar and hydrogen to EVs, batteries, and grid technology. The expense ratio is 0.64%. Its key nuance versus large-cap peers like ICLN is the equal-weight, small-cap tilt, which makes PBW more volatile and more sensitive to speculative clean energy sentiment.
How does PBW's dividend yield compare?
- Approximate yield: ~2.7% (mid-2026).
- What drives it: the payout of the underlying WilderHill Clean Energy Index holdings.
- Fee drag: the 0.64% 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 PBW against dividend-focused funds. See the best dividend ETFs roundup, or analyze how PBW's income fits your real portfolio in Walnut.
The bottom line on the PBW dividend
The bottom line: at an approximate ~2.7% yield, PBW is an income-oriented fund. If income is your goal, its yield earns its place alongside the WilderHill Clean Energy Index exposure it carries. 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 Invesco.
Build a portfolio around PBW with Walnut
Use PBW 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 PBW's dividend yield?
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Approximately ~2.7% as of mid-2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on Invesco's fund page.
How often does PBW pay a dividend?
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Most US equity ETFs like PBW distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with Invesco.
Where does PBW's dividend come from?
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PBW tracks WilderHill Clean Energy Index and holds names such as OPAL, DAR, BETA, IONR, RIVN. The fund collects the dividends those companies pay and passes them to you, minus the 0.64% expense ratio.
Can I reinvest PBW dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so PBW distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is PBW a good choice for dividend income?
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Walnut is informational, not investment advice. PBW yields roughly ~2.7%, 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 PBW dividends qualified?
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Many dividends from a US large-cap equity ETF like PBW 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 Invesco'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 Invesco or your broker.