DGRO ETF — iShares Core Dividend Growth ETF

iShares Core Dividend Growth ETF (DGRO)

DGRO is a low-cost ETF that tracks the Morningstar US Dividend Growth Index. As of August 24, 2026, its distribution rate is 1.66%, its trailing-12-month yield is 1.86%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Fund total return is 326.6% over the past 12.2 years, 59.6 points behind SPY at 386.2%.

At the current 1.66% distribution rate, a $10,000 investment would generate approximately $166 per year, or $13.83 per month on an equivalent basis. Actual quarterly payments vary.

This ETF tracks the Morningstar U.S. Dividend Growth Index, investing in U.S. companies with histories of consistently growing dividends while maintaining payout ratios below 75% and avoiding the highest-yield stocks. The fund offers a modest current distribution rate paid quarterly and carries a very low expense ratio of 0.08%. It appeals to income investors seeking dividend growth rather than high current yield, as the strategy prioritizes companies with sustainable and expanding dividend payments over time.

DGRO performance versus SPY

Data as of August 24, 2026.

Fund total return is 326.6% over the past 12.2 years, 59.6 points behind SPY at 386.2%. Its deepest 1-year drawdown was 6.5%.

DGRO key facts

Data as of August 24, 2026.

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

1.66%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/10/2014

Expense ratio

0.08%

Distribution rate

1.66%

Distribution frequency

Quarterly

Trailing yield

1.86%

Last close

$79.61

AUM

$43,762,276,760

Average volume

978900.0

Last dividend

$0.3310

Ex-dividend date

06/15/2026

Payment date

06/18/2026

Beta

0.67

P/E ratio

23.4385

How Dividend Vision calculates yield and returns

Distribution rate (1.66%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.86%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 24, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 24, 2026.

Primary sources: iShares fund page; Index: Morningstar US Dividend Growth Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DGRO risks and drawbacks

DGRO's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.5%.

Who may consider DGRO — and who may not

DGRO may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (DGRO pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare DGRO

DGRO vs similar funds:

• DGRO vs VOO
• DGRO vs SPY
• DGRO vs VTI
• DGRO vs QQQ
• DGRO vs VTV
• DGRO vs VIG

Frequently asked questions

More funds from iShares.