QLD Dividend: Yield, Schedule, and What to Expect
Last updated August 2026
Short answer
QLD's approximate 0.12% yield (as of July 2026) makes it a growth-first, low-yield fund, about $12 a year on a $10,000 position before tax. It tracks Nasdaq-100 (2x daily) and passes through the income its holdings generate, usually quarterly, net of the 0.95% expense ratio. If income is your goal, look to dedicated dividend funds for more; QLD 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 QLD dividend work?
QLD holds what is in Nasdaq-100 (2x daily), collects the income those holdings generate, and distributes it to shareholders on the schedule the fund sets, most often quarterly, net of its 0.95% fee. The yield you see is trailing distributions divided by price, so it drifts as both change: a falling price raises the quoted yield without a single extra dollar being paid out.
Seeks 200% of the daily performance of the Nasdaq-100 using swaps and other derivatives, resetting its leverage every day. Daily compounding means that over multi-day periods, especially in volatile or sideways markets, returns can differ meaningfully, and often unfavorably, from 2x the index over the same span. It is designed as a short-term trading tool, not a buy-and-hold position.
What QLD's dividend pays on a real position
- Approximate yield: 0.12% (July 2026).
- Income on $10,000: roughly $12 a year before tax, or about $120 on $100,000.
- Versus the market: the S&P 500 yields around 1.2%, so QLD pays less.
- Schedule: set by the fund, most often quarterly. ProShares publishes the exact ex-dividend and pay dates.
- Fee: the 0.95% expense ratio comes out before you receive anything, so the yield above is already net of it.
How QLD distributions are taxed
A large share of QLD's distributions are usually qualified dividends, taxed at long-term capital-gains rates rather than as ordinary income, provided the holding-period tests are met by both the fund and you. Some portion can still be ordinary, and REIT or option-income components generally are. ProShares's annual 1099 shows the actual split. Inside an IRA, Roth, or 401(k) none of it applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
If income is your goal, compare QLD against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how QLD's income fits your real portfolio in Walnut.
The bottom line on the QLD dividend
The bottom line: at an approximate 0.12% yield, QLD is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; QLD is the wrong tool for yield and the right one for total-return Nasdaq-100 (2x daily) 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.
More on QLD
- What is QLD? (holdings, cost, performance, and the themes it covers)
- Is QLD a buy? (what you are buying, the case for it, and what to weigh)
Investing in QLD with AI
Connect the broker you already use and ask Walnut's AI how QLD fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is QLD's dividend yield?
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Approximately 0.12% as of July 2026. On a $10,000 position that is roughly $12 of distributions a year before tax. The S&P 500 yields around 1.2%, so QLD pays meaningfully less than the broad market. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on ProShares's fund page.
How often does QLD pay a dividend?
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Equity ETFs like QLD most often distribute quarterly, though the schedule is set by the fund, not by a rule, and some funds pay monthly, semi-annually, or annually. ProShares publishes QLD's distribution calendar with the exact ex-dividend and pay dates; that is the authoritative source. The mechanic that matters either way: you have to own the shares before the ex-dividend date to receive a given distribution.
Does QLD pay monthly dividends?
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Probably not. QLD is an equity fund, and equity ETFs generally distribute quarterly; monthly distributions are the norm for bond, Treasury, and option-income funds instead. Check ProShares's distribution calendar for QLD's actual schedule, and see our roundup of the best ETFs for monthly income if the cadence is what you are after.
Where does QLD's dividend come from?
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QLD tracks Nasdaq-100 (2x daily) and holds names such as IQMM, NVDA, AAPL, MU, MSFT. The fund collects the income those holdings generate and passes it through to you. The 0.95% expense ratio is taken out along the way, so the yield you see is already net of the fee: you do not pay it separately.
When is QLD's ex-dividend date?
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ProShares sets and publishes it on QLD's fund page, and it moves with each distribution, so we do not quote a fixed date here. What it means is the cutoff: buy on or after the ex-dividend date and the seller keeps that distribution. Buying just before the ex-date to capture a payment is not free money, because the fund's price typically drops by roughly the distribution amount when it goes ex.
Can I reinvest QLD dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so QLD distributions buy more shares, often fractional ones, without you doing anything. It compounds the position over time. It does not change the tax treatment: in a taxable account the distribution is taxable in the year it is paid, whether you reinvest it or take the cash.
Is QLD a good choice for dividend income?
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Walnut is informational, not investment advice. QLD yields roughly 0.12%, which is modest, so income is a side effect rather than the point. At that rate, $100,000 in QLD generates roughly $120 a year before tax. If income is the goal, dedicated dividend and income ETFs target more; QLD is built for total return. See the best dividend ETFs roundup to compare.
Are QLD dividends qualified?
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Usually a large share of them are. Dividends passed through from US companies are qualified, and so taxed at long-term capital-gains rates, when the fund and you both meet the holding-period tests. Some portion can still be ordinary income, and option-income and REIT distributions generally are. ProShares's annual 1099 shows the actual split. In an IRA or Roth the distinction does not matter. This is not tax advice.
Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to July 2026, and change; verify current figures with ProShares or your broker.