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

SGOV, the iShares 0-3 Month Treasury Bond ETF, seeks to track the ICE 0-3 Month US Treasury Securities Index. That index measures public obligations of the U.S. Treasury with a remaining maturity of less than or equal to three months, which the fact sheet describes as U.S. Treasury bills with maturities of 0–3 months. The fund pays distributions monthly.^1,2

SGOV invests at least 80% of its assets in the index's component securities and at least 90% in U.S. Treasury securities that its adviser, BlackRock Fund Advisors (BFA), believes will help it track the index. BFA uses an indexing approach. The fund does not try to beat the index or seek temporary defensive positions when markets decline or appear overvalued.¹

Between monthly rebalances, the index credits cash from coupon payments and maturing securities with a return equal to that of the ICE US 1-Month Treasury Bill Index until the end of the month. Because SGOV counts the index's cash position as cash and cash equivalents, the fund may hold material positions in them, including money market funds. Before October 31, 2025, the index's cash from coupons and maturing securities earned no reinvestment income.¹

The index is market value weighted by amounts outstanding. A publicly issued Treasury security qualifies only if it has a remaining term to final maturity of three months or less on the rebalance date and $1 billion or more of outstanding face value, and amounts held by the Federal Reserve System Open Market Account do not count toward that size test.¹

Each security must have a fixed coupon schedule and be denominated in U.S. dollars. The index leaves out inflation-linked securities, zero-coupon bonds stripped from coupon-paying bonds (such as Separate Trading of Registered Interest and Principal of Securities), and securities issued or marketed primarily to retail investors. ICE Data Indices, LLC, which is independent of the fund and BFA, sets the composition, and the index is rebalanced on the last calendar day of each month.¹

BFA manages SGOV with representative sampling, holding a sample of securities or other instruments that are expected to have characteristics, including duration (an instrument's price sensitivity to a change in interest rates) and maturity, similar to the index. The fund may or may not hold every index component. It may put no more than 10% of assets in futures, options and swaps, and it may lend securities worth up to one-third of its total assets, including the value of any collateral received.¹

Dividend Stacker's record of past payments begins with an ex-date of 2020-07-01, with amounts adjusted for any share splits. SGOV made 11 distributions totaling $0.0314 per share in 2021 and 12 in each year from 2022 through 2025. The 2022 total climbed to $1.45 per share, up 4532.5% from 2021, and the 2023 total rose 235.7% to $4.88.³

The 2024 total of $5.11 per share was up 4.8% from 2023. In 2025 the total fell 19.5% to $4.12 per share, with individual distributions ranging from $0.3129 to $0.3634. After that decline, the record shows no current streak of higher annual totals.³

Changes in the U.S. government's financial condition or credit rating may cause the value of SGOV's Treasury holdings to decline, and circumstances could arise that prevent timely payment of interest or principal. Direct Treasury obligations have historically involved little risk of loss of principal if held to maturity. Their market value is not guaranteed and may fluctuate.¹

Falling interest rates or other factors may reduce SGOV's income, since the fund may be required to invest in lower-yielding bonds when a holding matures, is near maturity, is called or is prepaid, when index bonds are substituted, or when it otherwise needs to buy bonds.¹

When rates rise, fixed-income values generally decline, and securities with longer maturities generally are more sensitive. SGOV's index is composed of U.S. Treasury bonds with remaining maturities of less than or equal to three months, and the fact sheet says the fund seeks minimal interest rate risk. During periods of very low or negative interest rates, SGOV may be unable to maintain positive returns or pay dividends.^1,2

Because SGOV will not fully replicate the index, there is no guarantee its results will have a high degree of correlation to the index's. Tracking error, the divergence of its performance from the index, may come from uninvested cash, transaction costs and expenses the index does not incur, among other factors. High volatility and disruptions in creating and redeeming shares may also lead SGOV's shares to trade at a premium or discount to net asset value.¹

Through securities lending, SGOV may lose money if a borrower fails to return loaned securities in a timely manner or at all, or if collateral or investments made with cash collateral decline in value.¹