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

The iShares Treasury Floating Rate Bond ETF (TFLO) seeks to track the investment results of the Bloomberg U.S. Treasury Floating Rate Index, a market capitalization-weighted index that measures the performance of floating rate public obligations of the U.S. Treasury. TFLO will invest 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 the fund track the index.¹

TFLO pays monthly, per its fact sheet. The iShares distribution schedule groups it with the monthly bond and equity ETFs, which intend to go ex-dividend on the first business day of each month, except for January, which is expected to be recognized in mid-December.^2,3

iShares describes TFLO as a way to manage interest rate risk while seeking minimal duration exposure. The prospectus explains duration as an instrument's price sensitivity to a change in interest rates.^1,2

Every security in TFLO's index must be denominated in U.S. dollars and must be non-convertible, and the index membership is updated on the last calendar day of each month. Bloomberg Index Services Limited, which is independent of the fund and BFA, determines the composition and relative weightings of the index components.¹

BFA runs TFLO with representative sampling, an indexing strategy that involves investing in a representative sample of securities or other instruments that collectively has an investment profile similar to that of the index. The fund may or may not hold all of the index's components, and it will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help it track the index.¹

Dividend Stacker's record of past TFLO payments covers completed calendar years, with per-share amounts adjusted for any share splits or reverse splits. The 2015 total was $0.073 per share, and the annual total grew in each year after that through 2019: $0.153 in 2016, up 109.6%, then $0.4324, $0.8276 and $1.05, a 26.5% gain over 2018.⁴

Payments nearly vanished over the next two years. TFLO made 11 distributions totaling $0.1821 per share in 2020, down 82.6%, and a single $0.001 distribution in 2021, down 99.5%.⁴

The fund returned to 11 distributions totaling $0.8461 per share in 2022. The annual total climbed 191.3% to $2.46 in 2023 and 6.7% to $2.63 in 2024, then fell 20.1% to $2.10 in 2025, when its 12 distributions ranged from $0.1608 to $0.1892.⁴

TFLO's index measures floating rate public obligations of the U.S. Treasury. Securities with floating or variable interest rates can be less sensitive to interest rate changes than fixed-rate securities, but may decline in value if their coupon rates do not reset as high, or as quickly, as comparable market interest rates, and generally carry lower yields than fixed securities of the same maturity. The prospectus adds that floating rate securities are subject to credit risk and default risk, which could impair their value.¹

U.S. Treasury obligations may differ from other securities in their interest rates, maturities, times of issuance and other characteristics and may provide relatively lower returns than those of other securities. Changes in the U.S. government's financial condition or credit rating may cause their value to decline, and although they are backed by the full faith and credit of the United States, circumstances could arise that could prevent the timely payment of interest or principal.¹

TFLO's income may decline due to falling interest rates or other factors. This can occur because the fund may be required to invest in lower-yielding bonds when a bond in its portfolio matures, is near maturity, is called or is prepaid, when bonds in the index are substituted, or when the fund otherwise needs to purchase additional bonds.¹

Rate changes can be sudden and unpredictable, and the prospectus lists influences including government policy, monetary policy, inflation expectations, perceptions of risk, and supply and demand for fixed-income securities. During periods of very low or negative interest rates, TFLO may be unable to maintain positive returns or pay dividends to shareholders.¹