Invesco Preferred ETF: its payout record since 2009, the income it would have paid someone living on it, and the amount a monthly income takes at today’s yield.
6.86%yield, last 12 months
monthlypayments
$174,900for $1,000 a month
Oct 27, 2026data as of
Over the last 12 months PGX paid $0.6800 a share, a 6.86% yield at today’s price, in 12 monthly payments. At that yield, $1,000 a month before taxes takes about $174,900 invested.
From 2015 to 2025 its yearly payout per share fell 2.3% a year, against 3.2% inflation: down 5.4% a year in today’s dollars.
The payout fell by 5% or more from one year to the next in 2 years: 2010 (−12.6%), 2020 (−11%).
$100,000 invested at the start of 2016 with every payout spent paid $5,718 that year and $4,540 over the last 12 months (down 43.3% after inflation); the shares are worth $66,168 today.
How much PGX for a monthly income
The amount invested that would have paid each monthly income over the last 12 months, at PGX’s 6.86% trailing yield, before taxes. Yields move, so the second column uses its lowest calendar-year yield of the last five years (4.76% in 2021).
Monthly income
At today’s yield
At the 2021 yield
$500 a month ($6,000 a year)
$87,500
$126,100
$1,000 a month ($12,000 a year)
$174,900
$252,100
$2,000 a month ($24,000 a year)
$349,900
$504,200
$5,000 a month ($60,000 a year)
$874,600
$1,260,500
Income on $100,000, year by year
What $100,000 invested at the start of each year would have paid during that year, and the same income in today’s dollars. Years with a payout at least 5% below the year before are marked.
Income in each calendar year on $100,000 invested at the start of that year.
Year
Per share
Income on $100K
In today’s dollars
Price that year
Total return
2025
$0.6900
$5,897
$6,719
-3.9%
+2.1%
2024
$0.7100
$6,195
$6,641
+0.6%
+6.8%
2023
$0.7400
$6,527
$7,204
+1.2%
+8.0%
2022
$0.7200
$4,830
$5,551
-25.0%
-20.6%
2021
$0.7200
$4,757
$5,904
-0.9%
+3.9%
2020 ↓
$0.7200
$4,781
$6,211
+1.3%
+6.1%
2019
$0.8086
$5,967
$7,850
+10.3%
+16.5%
2018
$0.8380
$5,709
$7,646
-8.6%
-3.1%
2017
$0.8404
$5,900
$8,094
+3.9%
+9.9%
2016
$0.8564
$5,718
$8,012
-5.4%
+0.3%
2015
$0.8734
$5,941
$8,430
+1.3%
+7.6%
2014
$0.8785
$6,515
$9,256
+8.7%
+15.5%
2013
$0.9116
$6,206
$8,960
-8.8%
-2.7%
2012
$0.9491
$6,906
$10,116
+6.5%
+13.7%
2011
$0.9270
$6,567
$9,819
-3.3%
+3.3%
2010 ↓
$0.9529
$7,033
$10,846
+4.0%
+11.3%
2009
$1.09
$8,371
$13,121
+3.8%
+13.8%
Payouts per share; full calendar years only. Today’s dollars use the consumer price index (CPI-U).
If you had lived on it since 2016
$100,000 invested in PGX on Jan 4, 2016, every payout spent and nothing reinvested.
Income in 2016$5,718$8,013 in today’s dollars
Income, last 12 months$4,540down 43.3% after inflation
Shares worth today$66,168price -33.8%
Income collected$54,840since 2016
The shares’ value (lower line) and the shares plus the income collected so far (upper line), month by month.
Payments and taxes
When it pays
Every month. Payment dates shift a little from year to year; the fund announces each one shortly before it is paid.
Preferred dividends
Preferred dividends are partly qualified (taxed at the lower rate) and partly not, depending on the issuers; the fund’s year-end tax form splits it. Inside an IRA or 401(k), none of it is taxed until you withdraw.
Yield is not a promise
The yield here is what the fund paid over the last 12 months, divided by today’s price. Future payouts depend on what the fund earns.
The rest of the record
Fees, holdings, returns and downturns are on the PGX page.
Turn your savings into a monthly paycheck
ReadyAimRetire builds a month-by-month income plan from all your accounts, Social Security and pensions, and shows how long it lasts, before and after taxes.
About $174,900, at its 6.86% yield over the 12 months to October 2026, before taxes. Yields move: at its lowest calendar-year yield of the last five years (4.76% in 2021) it would take $252,100.
How often does PGX pay?
Every month.
Has PGX ever cut its payout?
Yes. Its yearly payout per share fell by 5% or more in 2010 (−12.6%), 2020 (−11%), among the full years 2009–2025.
Did PGX’s payout keep up with inflation?
No: from 2015 to 2025 the yearly payout per share fell 2.3% a year while prices rose 3.2% a year.
How is PGX’s income taxed?
Preferred dividends are partly qualified (taxed at the lower rate) and partly not, depending on the issuers; the fund’s year-end tax form splits it. Inside an IRA or 401(k), none of it is taxed until you withdraw (and in a Roth, not then either, if the rules are met).
How these figures are built
Payouts: every distribution on record from Feb 15, 2008 to Oct 27, 2026, per share. A few payments in our data are rounded to the cent, which barely changes yearly totals.
Yield: distributions over the last 12 months divided by the latest price.
Income on $100,000: the shares $100,000 bought at the first price of each year, times that year’s payouts. Prices start Jan 31, 2008 in our data.
Today’s dollars: adjusted with the consumer price index (CPI-U), by calendar-year average.
Cuts: a calendar year whose payout per share was at least 5% below the year before.
For education only, not a recommendation to buy or sell any fund. Past payouts do not predict future payouts.
