FTPA vs SPY
Franklin Pennsylvania Municipal Income ETF compared with State Street SPDR S&P 500 ETF Trust on yield, payout growth, payment schedule, cost and risk.
FTPA
Franklin Pennsylvania Municipal Income ETF
TTM yield · Monthly
SPY
State Street SPDR S&P 500 ETF Trust
TTM yield · Quarterly
Quick take
- FTPA yields more today: 3.74% vs 0.99% (forward).
- FTPA pays every month; SPY pays every quarter.
- SPY has the longer streak of annual increases: 12 years vs 0.
- SPY has the steadier distribution: consistency 93/100 vs 83/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FTPA | SPY |
|---|---|---|
| Share price | $8.41 | $765.96 |
| TTM yield | 3.12% | 0.98% |
| Forward yield | 3.74% | 0.99% |
| Annual payout per share | $0.3144 | $7.616 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 17, 2026 (est.) |
| Expense ratio | — | 0.09% |
| 1-year payout growth | — | +5.0% |
| 5-year payout CAGR | — | +6.2% |
| Consecutive years of increases | 0 years | 12 years |
| Payout consistency (last 12) | 83/100 | 93/100 |
| 1-year total return | — | +19.9% |
| 1-year price return | — | +18.7% |
| Size (market cap / AUM) | — | 811.9B |
| Years paying | 0.8 | 33.5 |
| Sector / category | — | Large Blend |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FTPA | SPY | |
|---|---|---|
| Shares | 1,189.1 | 13.1 |
| Income per year | $374 | $99 |
| Income per month (avg) | $31 | $8 |
At forward yields, before taxes. Model FTPA · Model SPY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FTPA Oct 1, 2026 | Oct 15, 2026 | $0.0262 | Est. |
| FTPA Oct 31, 2026 | Nov 14, 2026 | $0.0262 | Est. |
| FTPA Nov 30, 2026 | Dec 14, 2026 | $0.0262 | Est. |
| SPY Sep 17, 2026 | Oct 1, 2026 | $1.904 | Est. |
| SPY Dec 17, 2026 | Dec 31, 2026 | $1.904 | Est. |
| SPY Mar 18, 2027 | Apr 1, 2027 | $1.904 | Est. |
Annual payouts per share
FTPASPY
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FTPA or SPY?
FTPA currently has the higher trailing yield: FTPA yields 3.12% and SPY yields 0.98%. Yield changes daily with price, so check the live figures above.
How often do FTPA and SPY pay?
FTPA pays every month and SPY pays every quarter. FTPA's next ex-date is Oct 1, 2026 and SPY's is Sep 17, 2026.
Is FTPA or SPY better for income?
It depends on what you are optimising for. FTPA and SPY differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.