How often does PGX pay dividends?

PGX currently distributes every month, based on its recent payment history. Its most recent ex-dividend date was Sep 21, 2026 at $0.0573 per share.

When is PGX's next ex-dividend date?

Based on its recent schedule, PGX's next ex-dividend date is estimated around Oct 19, 2026. This is an estimate. The fund's announcement sets the actual dates.

What is PGX's dividend yield?

Over the trailing 12 months, PGX paid $0.6903 per share, a trailing 12-month yield of 6.8% at the current share price. The recent payout yield, from the latest payments annualized, is 6.6%. The two yields differ when recent payments are larger or smaller than a year ago.

What is PGX's total return with dividends reinvested?

A $10,000 investment in PGX on Sep 28, 2021 would be worth about $9,124 on Sep 29, 2026 with all distributions reinvested (-8.8%). Share price alone moved -32.2% over the same period.

What does PGX's 0.50% expense ratio include?

The fee table lists a 0.50% management fee and no other expenses, for total annual fund operating expenses of 0.50%. Investors may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table. The fund also pays transaction costs, such as commissions, when it purchases and sells securities, and these costs are not reflected in total annual fund operating expenses.

Invesco Capital Management LLC is the adviser, and Peter Hubbard, Tom Boksa, Gary Jones and Richard Ose are jointly and primarily responsible for the day-to-day management of the fund. Hubbard began managing PGX in January 2008, Ose in February 2014, Jones in December 2024 and Boksa in July 2026.

When did PGX start paying distributions?

PGX's inception date is January 31, 2008. The earliest distribution in Dividend Stacker's record has an ex-date of February 15, 2008.

Does PGX hold every security in its index?

PGX does not purchase all of the securities in its index; it uses a representative sampling methodology, which may result in it holding a smaller number of securities than the index includes. As a result, an adverse development with respect to an issuer of securities held by the fund could result in a greater decline in net asset value than if the fund held all of the index's securities, and these risks will be greater to the extent the fund's assets are smaller.

Invesco ETF

PGX Dividend: Next Ex-Date, History & Total Return

Invesco Preferred ETF

Price: $10.12
Trailing 12-month yield: 6.8%
Recent payout yield: 6.6%
Next ex-date: Oct 19, 2026; Estimated

52-week range $10.12–$11.74 · -13.2% over 12 months · Data as of Sep 29, 2026

Next PGX Dividend

EstimatedMonthly payer

Estimated next ex-dividend date

Oct 19, 2026

Estimated pay date

—

Estimated amount per share

$0.0577

Estimated from PGX's recent distribution schedule (last actual ex-date: Sep 21, 2026 at $0.0573/share). Amounts vary each period — confirm with the fund's official announcement.

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PGX Dividend History

223 distributions since Feb 15, 2008 · trailing 12-month total $0.6903/share (6.8% of current price)

Ex-dividend date	Pay date	Amount per share
Sep 21, 2026	—	$0.0573
Aug 24, 2026	—	$0.0582
Jul 20, 2026	—	$0.0620
Jun 22, 2026	—	$0.0492
May 18, 2026	—	$0.0500
Apr 20, 2026	—	$0.0596
Mar 23, 2026	—	$0.0561
Feb 23, 2026	—	$0.0543
Jan 20, 2026	—	$0.0638
Dec 22, 2025	—	$0.0541
Nov 24, 2025	—	$0.0587
Oct 20, 2025	—	$0.0670

Total distributions by year

2026 (9 payments)

$0.51/share

2025 (12 payments)

$0.68/share

2024 (12 payments)

$0.69/share

2023 (12 payments)

$0.74/share

2022 (12 payments)

$0.70/share

2021 (12 payments)

$0.72/share

2020 (12 payments)

$0.75/share

2019 (11 payments)

$0.73/share

2018 (12 payments)

$0.82/share

2017 (12 payments)

$0.84/share

2016 (12 payments)

$0.86/share

2015 (12 payments)

$0.87/share

2014 (12 payments)

$0.88/share

2013 (12 payments)

$0.91/share

2012 (12 payments)

$0.95/share

2011 (12 payments)

$0.93/share

2010 (12 payments)

$0.95/share

2009 (12 payments)

$1.09/share

2008 (11 payments)

$1.24/share

Amounts are adjusted for any share splits or reverse splits, so payments before a split can differ from the amounts the fund announced at the time.

If You Invested $10,000 in PGX

Sep 28, 2021 to Sep 29, 2026, using actual prices and distributions

Show cash-dividend line

End value with DRIP

$9,124

-8.8%

End value, dividends as cash

$9,112

-8.9% · $2,334 cash collected

Share price alone

-32.2%

excluding all dividends

Annualized (DRIP)

-1.8%

over 5.0 years

Historical performance. Reinvestment modeled at the closing price on the first trading day on or after each ex-dividend date. Past results do not predict future returns.

PGX vs AGG

$10,000 invested Sep 28, 2021 to Sep 29, 2026, all dividends reinvested

AGG

PGX (this fund)

$9,124

-8.8% total

AGG

$9,756

-2.4% total

A broad index fund is the usual yardstick for an income fund, since large distributions can still trail the index's total return. All series use actual prices and distributions with reinvestment on the ex-date.

PGX Income Goal Calculator

How much you would need invested today to reach a monthly income target, at the trailing 12-month payout rate

Target monthly income

Investment needed

$87,962

Shares needed

8,692

at $10.12

Effective yield used

6.8%

trailing 12 months

Based on the trailing 12-month distributions per share. Future distributions can be higher or lower; this is not a guarantee of income.

About PGX

Seeks to track, before fees and expenses, an index of fixed rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market.

Income: Dividends and interest from fixed rate preferred securities

Underlying: ICE BofA Core Plus Fixed Rate Preferred Securities Index
Inception: Jan 31, 2008
Payout: monthly

The Fixed Rate Preferred Index Behind PGX

The Invesco Preferred ETF (PGX) seeks to track the investment results, before fees and expenses, of the ICE BofA Core Plus Fixed Rate Preferred Securities Index. That index is market capitalization-weighted and designed to measure the performance of fixed rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market. PGX generally will invest at least 80% of its total assets in the index's components.¹

Every security in the index must have a fixed coupon or dividend schedule. The index includes both traditional and other preferred securities.¹

PGX's Index Rules and How the Fund Follows Them

ICE Data Indices, LLC selects securities for the index using a rules-based methodology, strictly in accordance with its guidelines and mandated procedures. Qualifying securities must be rated at least B3, based on an average of ratings by Moody's, S&P and Fitch, and must have an investment grade country risk profile, based on an average of those agencies' foreign currency long-term sovereign debt ratings. Each also needs a minimum amount outstanding of $100 million.¹

Unlisted preferred securities are excluded from the index, but unlisted senior or subordinated debt-like securities are eligible for inclusion. The index may also include Rule 144A securities.¹

PGX does not use a strategy that seeks returns in excess of its index. The fund would not necessarily buy or sell a security unless it is added to or removed from the index, even if that security generally is underperforming, and it generally rebalances its portfolio in accordance with the index.¹

PGX's Distribution Record Since 2009

The first full year listed in Dividend Stacker's record of past payments is 2009, when PGX made 12 distributions totaling $1.09 per share, the highest annual total in the record. The amounts are adjusted for any share splits or reverse splits. PGX made 12 distributions in every listed year through 2025 except 2019, when it made 11.²

The annual total fell 12.6% to $0.9529 in 2010 and 2.7% to $0.927 in 2011, then rose 2.4% to $0.9491 in 2012. It declined in each of the next seven years, including an 11.2% drop to $0.7279 in 2019, the year with 11 distributions.²

Since then, the total rose 2.5% in 2020, slipped 3.1% in 2021 and 2.8% in 2022, and climbed 4.7% to $0.7362 in 2023. It then fell 6.8% in 2024 and 1.3% in 2025, to $0.6774 per share. In 2025 the smallest distribution was $0.0512 and the largest was $0.067.²

Preferred, Rate, Call and Sector Risks for PGX

Preferred securities may be subordinated to bonds or other debt instruments in an issuer's capital structure, subjecting them to a greater risk of non-payment than more senior securities. Some let the issuer, in its discretion, defer or omit distributions for a certain period of time, and preferred securities may lose substantial value due to the omission or deferment of dividend payments.¹

Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in a fixed-income security's value resulting from changes in the general level of interest rates.¹

The prospectus lists non-investment grade securities risk for PGX, whose index accepts securities rated at least B3. Non-investment grade securities and unrated securities of comparable credit quality are considered speculative and are subject to the increased risk of an issuer's inability to meet principal and interest payment obligations.¹

If interest rates fall, it is possible that issuers of callable securities with high interest coupons will call, or prepay, them before their maturity date. If an issuer exercises such a call during a period of declining interest rates, PGX may have to replace the called security with a lower yielding one, and the fund's net investment income could fall.¹

PGX's index may at times be concentrated to a significant degree in a single industry or industry group; the fund then concentrates to approximately the same extent and may face more risks than if it were diversified broadly over numerous industries or industry groups. The prospectus also lists financials sector risk: PGX may be susceptible to adverse economic or regulatory occurrences affecting the financials sector, and changes in interest rates can have a disproportionate effect on that sector.¹

Sources

1. Summary prospectus (SEC Form 497K, filed 2025-12-19), Invesco Exchange-Traded Fund Trust II, accessed Sep 29, 2026
2. PGX distribution history, Dividend Stacker, accessed Sep 29, 2026
3. Summary prospectus (SEC Form 497K, filed 2026-06-10), Invesco Exchange-Traded Fund Trust II, accessed Sep 29, 2026

Written from the sources above and checked claim by claim against them. Last reviewed Sep 29, 2026. Figures that change, such as yield and price, appear in the live sections of this page.

How PGX Distributions Are Taxed

PGX's distributions generally are taxed as ordinary income, capital gains or some combination of both. For investors in a tax-advantaged arrangement, such as a 401(k) plan or an individual retirement account, distributions may be taxed as ordinary income when withdrawn from the account. If PGX owns a preferred security that is deferring or omitting its distributions, the fund may be required to report the distribution on its tax returns, even though it may not have received any income.¹

PGX Dividend FAQ

How often does PGX pay dividends?: PGX currently distributes every month, based on its recent payment history. Its most recent ex-dividend date was Sep 21, 2026 at $0.0573 per share.
When is PGX's next ex-dividend date?: Based on its recent schedule, PGX's next ex-dividend date is estimated around Oct 19, 2026. This is an estimate. The fund's announcement sets the actual dates.
What is PGX's dividend yield?: Over the trailing 12 months, PGX paid $0.6903 per share, a trailing 12-month yield of 6.8% at the current share price. The recent payout yield, from the latest payments annualized, is 6.6%. The two yields differ when recent payments are larger or smaller than a year ago.
What is PGX's total return with dividends reinvested?: A $10,000 investment in PGX on Sep 28, 2021 would be worth about $9,124 on Sep 29, 2026 with all distributions reinvested (-8.8%). Share price alone moved -32.2% over the same period.
What does PGX's 0.50% expense ratio include?: The fee table lists a 0.50% management fee and no other expenses, for total annual fund operating expenses of 0.50%. Investors may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table. The fund also pays transaction costs, such as commissions, when it purchases and sells securities, and these costs are not reflected in total annual fund operating expenses.
Who manages PGX?: Invesco Capital Management LLC is the adviser, and Peter Hubbard, Tom Boksa, Gary Jones and Richard Ose are jointly and primarily responsible for the day-to-day management of the fund. Hubbard began managing PGX in January 2008, Ose in February 2014, Jones in December 2024 and Boksa in July 2026.
When did PGX start paying distributions?: PGX's inception date is January 31, 2008. The earliest distribution in Dividend Stacker's record has an ex-date of February 15, 2008.
Does PGX hold every security in its index?: PGX does not purchase all of the securities in its index; it uses a representative sampling methodology, which may result in it holding a smaller number of securities than the index includes. As a result, an adverse development with respect to an issuer of securities held by the fund could result in a greater decline in net asset value than if the fund held all of the index's securities, and these risks will be greater to the extent the fund's assets are smaller.

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Data as of Sep 29, 2026 (quotes delayed 15+ minutes). Data is refreshed daily from market sources. Nothing on this page is investment advice. Estimates (next dividend date, amounts, breakeven timelines) are derived from historical distributions and can differ from actual fund announcements. See how these numbers are calculated.