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DBC Dividend Calculator

Invesco DB Commodity Index Tracking Fund yields 2.28%, close to the 2.92% median across US dividend payers. As a fund, DBC passes through the income of everything it holds, so that rate is an aggregate of many underlying payments rather than one company's decision.

DBC paid $0.74 per share over the last twelve months on a annual schedule. Enter any amount below, or use the worked figures.

Your investment

DBC

Invesco DB Commodity Index Tracking Fund

2.28%

yield

$32.62 per shareAnnualETF
$
10 years
11530

Dividend income

$10,000 in DBC pays you

$228.15

per year

Paid once a year
$228.15
Monthly average
$19.01
Shares bought
306.56
Payments a year
1

Total over 10 years, taken as cash

$2,281.55

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Based on the trailing twelve-month dividend, assuming it stays flat. Payments are not guaranteed and can be cut or suspended at any time. Figures are before tax and exclude any change in the share price.

DBC dividend income by investment amount

Based on the current yield of 2.28%. Figures are before tax and assume the dividend stays at its present level.

Dividend income from DBC at a range of investment amounts.
InvestedPer yearPer paymentMonthly average
$1,000$22.82$22.82$1.90
$5,000$114.08$114.08$9.51
$10,000$228.15$228.15$19.01
$25,000$570.39$570.39$47.53
$50,000$1,140.77$1,140.77$95.06
$100,000$2,281.55$2,281.55$190.13

DBC with dividends reinvested

$10,000 in DBC, every dividend reinvested, holding the payment and share price flat. Deliberately conservative — most calculators assume years of uninterrupted growth, and that assumption drives most of the result.

After 10 years
$12,531

$12,282 taking the income as cash

After 20 years
$15,702

$14,563 taking the income as cash

After 30 years
$19,675

$16,845 taking the income as cash

Model DBC with dividend growth →

What makes up DBC's 2.28% yield

DBC is an exchange-traded fund, so the 2.28% on this page is income collected from its holdings and passed through, net of the fund's costs. It is not paid out of DBC's own earnings, which is why no payout ratio appears anywhere on this page — the concept does not apply to a fund. The practical consequence for the projections below is that the distribution moves when the underlying portfolio's income moves, and a fund that rebalances into higher- or lower-yielding positions changes its own payment without any single company having cut one.

A yield near the median tells you little on its own, so the number worth pairing it with is the payout ratio: at 0.14, roughly 14% of DBC's earnings are committed to the dividend and the remaining 86% is retained. Two companies on identical yields can sit at opposite ends of that range, and it is the difference between a payment with room to absorb a weak year and one without.

When DBC pays, and what that changes

DBC pays annual, which is unusual among US-listed payers and has two consequences the annual figure hides. The "monthly average" column is an average and nothing more — no cash arrives in most months — and the gap between payments means a holder buying between them waits longer for the first one.

Infrequent payments also compound marginally more slowly when reinvested, since each distribution spends longer as cash before it is put back to work. The reinvestment figures above use DBC's real schedule rather than assuming quarterly payments.

Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. DBC's full schedule and payment history are on its dividend page.

What stands behind DBC's distribution

There is no coverage ratio to check on a fund. What stands behind DBC's distribution is the aggregate income of everything it holds, so the question that matters is whether those holdings' own payments are durable — a diversified fund will not cut its distribution because one holding did, but it will if many do at once.

The figures hold the dividend flat. No multi-year record of consecutive increases is on file for DBC, so treat the projection as arithmetic on today's payment rather than as an expectation about future ones.

DBC dividend calculator FAQ

How much does $10,000 in DBC pay in dividends?
At DBC's current yield of 2.28%, $10,000 pays about $228.15 a year — roughly $228.15 per payment, paid annual, or $19.01 a month averaged out.
What would DBC be worth after 10 years with dividends reinvested?
Reinvesting every dividend and assuming the payment and share price both stay flat, $10,000 in DBC would grow to about $12,531 after 10 years, against $12,282 if the income were taken as cash. That deliberately assumes no dividend growth — a real holding may do better or considerably worse.
How often does DBC pay dividends?
DBC pays annual — 1 payments a year — based on its actual payment history rather than an assumed schedule.
Is DBC's dividend guaranteed?
No. Dividends are discretionary and can be reduced or suspended at any time, and every figure here is a projection from the current yield rather than a forecast. Check DBC's full payment history before relying on any of it.
Is DBC's distribution the same as a company dividend?
Not quite. DBC is a fund: it collects dividends from the companies it holds and passes them through after costs, so the distribution moves with the portfolio's income rather than with a single company's decision. It also means no payout ratio applies — there are no earnings of its own to pay out of — and that a rebalance into different holdings can change the distribution on its own.

More on DBC

Invesco DB Commodity Index Tracking Fund is an exchange-traded fund trading at $32.62 per share, paying annual. — All figures before tax. Not financial advice.