PHO Dividend: Yield, Schedule, and What to Expect

Last updated July 2026

Short answer

PHO's approximate ~0.4% yield (as of mid-2026) makes it a growth-first, low-yield fund. It tracks NASDAQ OMX US Water Index and passes through the dividends of its holdings, typically quarterly, minus a 0.59% expense ratio. If income is your goal, look to dedicated dividend funds for more; PHO 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 Invesco.

How does the PHO dividend work?

PHO holds the companies in NASDAQ OMX US Water Index, collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 0.59% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.

PHO tracks the NASDAQ OMX US Water Index, holding roughly 40 US companies that create products to conserve and purify water for homes, businesses, and industry. It charges 0.59% and yields under 0.5%, making it a growth-oriented theme fund. The key nuance versus Invesco's PIO is geography: PHO is US-only while PIO adds international water names.

How does PHO's dividend yield compare?

Approximate yield: ~0.4% (mid-2026).
What drives it: the payout of the underlying NASDAQ OMX US Water Index holdings.
Fee drag: the 0.59% 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 PHO against dividend-focused funds. See the best dividend ETFs roundup, or analyze how PHO's income fits your real portfolio in Walnut.

The bottom line on the PHO dividend

The bottom line: at an approximate ~0.4% yield, PHO is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; PHO is the wrong tool for yield and the right one for total-return NASDAQ OMX US Water 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 Invesco.

Build a portfolio around PHO with Walnut

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FAQ

What is PHO's dividend yield?

Approximately ~0.4% 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 PHO pay a dividend?

Most US equity ETFs like PHO distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with Invesco.

Where does PHO's dividend come from?

PHO tracks NASDAQ OMX US Water Index and holds names such as WAT, ROP, FERG, ECL, AWK. The fund collects the dividends those companies pay and passes them to you, minus the 0.59% expense ratio.

Can I reinvest PHO dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so PHO distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.

Is PHO a good choice for dividend income?

Walnut is informational, not investment advice. PHO yields roughly ~0.4%, which is on the higher side for an equity ETF. 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 PHO dividends qualified?

Many dividends from a US large-cap equity ETF like PHO 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.