Exchange-traded fund

VanEck BDC Income ETF (BIZD)

VanEck BDC Income ETF trades as BIZD on AMEX. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$13.39 $-0.05 (-0.37%)
52-week range $11.97 – $16.13
Exchange-traded fund AMEXFinancial ServicesAsset Management - Income

Price as of Aug 25, 2026 (7 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 7.14% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 11.38% Cash actually paid per share over the last 365 days ($1.52) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $0.9564 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date First day the shares trade without the next payment attached.
Next pay date When the declared payment reaches holders.
Growth streak 0 yr No current run of increases: the most recent complete calendar year did not pay more than the year before it. Our stored payment history for this security begins in 2013.
Years paying 13 Complete calendar years with a payment in our stored history, which begins in 2013. The issuer may have paid for longer than we hold.
Payout ratio Not meaningful for this structure — GAAP earnings do not describe what it pays out.
Income score 57 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

Our stored payment history for BIZD begins in 2013. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

About the annual figure
Forward estimate differs from the trailing 12 months by more than 25% — check for a recent change in the payment or a special dividend.

The VanEck BDC Income ETF (BIZD) is designed to closely mirror the investment results of the MVISUS Business Development Companies Index (MVBDCTRG). Its primary objective is to replicate, prior to fees and expenses, the overall performance – encompassing both capital appreciation and income – of this benchmark index. The MVISUS Business Development Companies Index itself measures the collective returns of publicly traded business development companies (BDCs).

Company description supplied by the issuer and relayed by our market-data provider, not written by Income Investing. See data sources.

BIZD is a exchange-traded fund. What it pays is a distribution, not interest, and that distinction matters. A distribution is whatever the fund passes through for the period — dividends and interest received from the holdings, realised capital gains, option premium where the strategy writes options, and sometimes return of capital. Only the year-end tax form breaks the payment into its parts.

Return of capital is your own money coming back. It is not taxed on receipt, but it reduces your cost basis, so the tax arrives later as a larger capital gain. A fund can therefore publish a steady-looking distribution rate while the net asset value drifts down underneath it. The distribution is set by the fund and can be changed at any time; it is never a coupon.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 24 most recent recorded distributions for BIZD, newest first, with ex-dates running from Oct 01, 2020 to Jul 01, 2026. The latest is $0.2391 per share in USD, ex-date Jul 01, 2026, pay date Jul 07, 2026. Measured against the nearest payment about a year earlier, 13 are higher, 11 lower and 0 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for BIZD. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Jul 01, 2026 Jul 07, 2026 $0.2391 Quarterly Regular -45.49%
Apr 01, 2026 Apr 07, 2026 $0.4818 Quarterly Regular +12.18%
Dec 29, 2025 Dec 31, 2025 $0.4015 Untagged Regular -9.67%
Oct 01, 2025 Oct 06, 2025 $0.4012 Quarterly Regular -13.39%
Jul 01, 2025 Jul 07, 2025 $0.4386 Quarterly Regular -3.26%
Apr 01, 2025 Apr 04, 2025 $0.4295 Quarterly Regular -6.20%
Dec 27, 2024 Dec 30, 2024 $0.4445 Untagged Regular -5.00%
Oct 01, 2024 Oct 04, 2024 $0.4632 Quarterly Regular +6.12%
Jul 01, 2024 Jul 05, 2024 $0.4534 Quarterly Regular +8.13%
Apr 01, 2024 Apr 05, 2024 $0.4579 Quarterly Regular +5.26%
Dec 27, 2023 Dec 29, 2023 $0.4679 Untagged Regular +10.61%
Oct 02, 2023 Oct 06, 2023 $0.4365 Quarterly Regular +6.46%
Jul 03, 2023 Jul 07, 2023 $0.4193 Quarterly Regular +3.10%
Apr 03, 2023 Apr 10, 2023 $0.4350 Quarterly Regular +25.36%
Dec 28, 2022 Dec 30, 2022 $0.4230 Quarterly Regular +17.17%
Oct 03, 2022 Oct 07, 2022 $0.4100 Quarterly Regular +16.81%
Jul 01, 2022 Jul 08, 2022 $0.4067 Quarterly Regular +27.89%
Apr 01, 2022 Apr 07, 2022 $0.3470 Quarterly Regular -6.47%
Dec 29, 2021 Dec 31, 2021 $0.3610 Quarterly Regular +11.08%
Oct 01, 2021 Oct 07, 2021 $0.3510 Quarterly Regular -2.50%
Jul 01, 2021 Jul 08, 2021 $0.3180 Quarterly Regular -17.40%
Apr 01, 2021 Apr 08, 2021 $0.3710 Quarterly Regular +4.21%
Dec 29, 2020 Jan 05, 2021 $0.3250 Quarterly Regular -11.20%
Oct 01, 2020 Oct 07, 2020 $0.3600 Quarterly Regular -1.91%

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Distributions by calendar year

Calendar-year totals, bucketed by ex-dividend date: every regular distribution whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual distribution figure.

The chart covers 10 complete calendar years for BIZD, 2016 to 2025, per share, in USD. Each bar totals the regular distributions with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own distribution year. Our stored payment history for BIZD begins in 2013. The total went from $1.53 in 2016 to $1.67 in 2025 — 9% higher. Within that span 6 years were higher than the year before and 4 lower. The three most recent years shown are 2023 $1.76, 2024 $1.82 and 2025 $1.67. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 distributions a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2016: $1.5330 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.53 2016 2017: $1.5160 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.52 2017 2018: $1.5280 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.53 2018 2019: $1.5290 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.53 2019 2020: $1.4260 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.43 2020 2021: $1.4010 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.40 2021 2022: $1.5867 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.59 2022 2023: $1.7587 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.76 2023 2024: $1.8190 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.82 2024 2025: $1.6708 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.67 2025
Bar height is the total per share of the regular distributions whose ex-dividend date fell in that calendar year, in USD. The year is assigned by ex-dividend date, not by the issuer's own distribution year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-dividend date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2016 $1.53 4 +6.61%
2017 $1.52 4 -1.11%
2018 $1.53 4 +0.79%
2019 $1.53 4 +0.07%
2020 $1.43 4 -6.74%
2021 $1.40 4 -1.75%
2022 $1.59 4 +13.25%
2023 $1.76 4 +10.84%
2024 $1.82 4 +3.43%
2025 $1.67 4 -8.15%
What can go wrong
A fund distribution is variable, not a coupon. It reflects whatever the underlying holdings paid over the period, minus the expense ratio, so it moves with the portfolio and can shrink. The share price carries the full market risk of the holdings, distributions can include return of capital that reduces cost basis rather than adding to wealth, and past distribution rates say nothing about future ones.

Similar securities

The eight closest exchange-traded fund entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

Open Dividend Stocks →

These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
PBDC Putnam BDC Income ETF $28.32 10.78% $3.05 Quarterly
PFFA Virtus InfraCap U.S. Preferred Stock ETF $20.97 9.83% $2.06 Monthly
REM iShares Mortgage Real Estate ETF $21.93 8.84% $1.94 Quarterly
AMZA InfraCap MLP ETF $49.61 7.82% $3.88 Monthly
MORT VanEck Mortgage REIT Income ETF $9.88 15.03% $1.49 Quarterly
AMLP Alerian MLP ETF $54.61 7.45% $4.07 Quarterly
MLPA Global X - MLP ETF $56.26 7.15% $4.02 Quarterly
SPFF Global X - SuperIncome Preferred ETF $9.51 6.57% $0.63 Monthly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Where these are traded

SEC EDGAR

The SEC's filing archive, where every US-listed company's 10-K, 10-Q and 8-K — including dividend declarations — is published first.

Primary source for the same figures data vendors resell

Visit SEC EDGAR ↗
Computershare

A share registry and transfer agent that administers direct stock purchase and dividend reinvestment plans on behalf of many US issuers.

Where issuer-sponsored DRIPs are actually held, outside a brokerage account

Visit Computershare ↗
Vanguard

A fund manager and brokerage whose dividend-focused index fund pages publish holdings, index methodology, distributions and expense ratios.

Visit Vanguard ↗
S&P Dow Jones Indices

Publishes the rulebooks behind widely tracked dividend indices, including the consecutive-increase tests used by the Dividend Aristocrats series.

Index methodology documents are public PDFs

Visit S&P Dow Jones Indices ↗

Listed because they offer access to this kind of security, not as an endorsement of it.

Questions about BIZD

Does BIZD pay a distribution, and how often?
Yes. The regular payment cadence recorded for BIZD is quarterly. The annual figure works out at $0.9564 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is Jul 01, 2026.
What is the yield on BIZD, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 7.14%: the last regular payment annualised to $0.9564 a year and divided by the last price of $13.39. That is an estimate of the next twelve months. The trailing 12-month yield is 11.38%: the $1.52 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next BIZD ex-dividend date?
No future ex-date has been declared or collected for BIZD yet. The last one on record was Jul 01, 2026.
Why is there no meaningful payout ratio for BIZD?
A payout ratio compares a dividend to accounting earnings. For a exchange-traded fund the payment is not funded out of GAAP net income — REITs and BDCs pay out of taxable income under distribution rules, funds pass through whatever the portfolio produced, and partnerships distribute cash flow. Analysts use structure-specific measures instead, such as funds from operations for REITs or net investment income for BDCs.
Is the BIZD distribution the same as interest?
No. A distribution is whatever the vehicle chooses or is required to pass through in that period. It can contain dividends, interest, realised gains, option premium and return of capital, and only the year-end tax form shows the split. Return of capital is your own money coming back: it is not taxed on receipt, but it lowers your cost basis and therefore raises the gain you are taxed on later.
Has the BIZD payment grown?
Over the complete calendar years in our history, the total went from $1.53 in 2016 to $1.67 in 2025. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-dividend date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell BIZD. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

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