LQD vs MILK
iShares iBoxx $ Investment Grade Corporate Bond ETF compared with Pacer US Cash Cows Bond ETF on yield, payout growth, payment schedule, cost and risk.
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
TTM yield · Monthly
MILK
Pacer US Cash Cows Bond ETF
TTM yield · Monthly
Quick take
- MILK yields more today: 5.47% vs 4.86% (forward).
- Both pay every month.
- Over the last year MILK delivered the higher total return: -1.9% vs -2.3% (price change plus payouts).
- LQD is cheaper to own: 0.14% vs 0.49% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | LQD | MILK |
|---|---|---|
| Share price | $103.85 | $23.57 |
| TTM yield | 4.86% | 4.91% |
| Forward yield | 4.86% | 5.47% |
| Annual payout per share | $5.049 | $1.288 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 22, 2026 (est.) |
| Expense ratio | 0.14% | 0.49% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 94/100 | 92/100 |
| 1-year total return | -2.3% | -1.9% |
| 1-year price return | -6.8% | -6.4% |
| Size (market cap / AUM) | 28.3B | 18.6M |
| Years paying | 24.1 | 1.7 |
| Sector / category | Corporate Bond | Corporate Bond |
✓ 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
| LQD | MILK | |
|---|---|---|
| Shares | 96.3 | 424.4 |
| Income per year | $486 | $547 |
| Income per month (avg) | $41 | $46 |
At forward yields, before taxes. Model LQD · Model MILK
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| LQD Oct 31, 2026 | Nov 14, 2026 | $0.4208 | Est. |
| LQD Nov 30, 2026 | Dec 14, 2026 | $0.4208 | Est. |
| LQD Dec 30, 2026 | Jan 13, 2027 | $0.4208 | Est. |
| MILK Nov 19, 2026 | Dec 3, 2026 | $0.1073 | Est. |
| MILK Dec 17, 2026 | Dec 31, 2026 | $0.1073 | Est. |
| MILK Jan 14, 2027 | Jan 28, 2027 | $0.1073 | Est. |
Annual payouts per share
LQDMILK
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, LQD or MILK?
MILK currently has the higher trailing yield: LQD yields 4.86% and MILK yields 4.91%. Yield changes daily with price, so check the live figures above.
How often do LQD and MILK pay?
LQD pays every month and MILK pays every month. LQD's next ex-date is Oct 31, 2026 and MILK's is Oct 22, 2026.
Is LQD or MILK better for income?
It depends on what you are optimising for. LQD and MILK 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.