LQD vs PCS
iShares iBoxx $ Investment Grade Corporate Bond ETF compared with PGIM Corporate Bond 0-5 Year ETF on yield, payout growth, payment schedule, cost and risk.
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
TTM yield · Monthly
PCS
PGIM Corporate Bond 0-5 Year ETF
TTM yield · Monthly
Quick take
- LQD yields more today: 4.76% vs 4.39% (forward).
- Both pay every month.
- Over the last year PCS delivered the higher total return: +2.6% vs +0.6% (price change plus payouts).
- LQD is cheaper to own: 0.14% vs 0.20% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | LQD | PCS |
|---|---|---|
| Share price | $105.48 | $49.58 |
| TTM yield | 4.76% | 4.39% |
| Forward yield | 4.76% | 4.39% |
| Annual payout per share | $5.016 | $2.177 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 30, 2026 (est.) |
| Expense ratio | 0.14% | 0.20% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 94/100 | 86/100 |
| 1-year total return | +0.6% | +2.6% |
| 1-year price return | -3.9% | -1.8% |
| Size (market cap / AUM) | 32.0B | 622.9M |
| Years paying | 24.0 | 1.0 |
| 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 | PCS | |
|---|---|---|
| Shares | 94.8 | 201.7 |
| Income per year | $476 | $439 |
| Income per month (avg) | $40 | $37 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| LQD Oct 1, 2026 | Oct 15, 2026 | $0.418 | Est. |
| LQD Oct 31, 2026 | Nov 14, 2026 | $0.418 | Est. |
| LQD Nov 30, 2026 | Dec 14, 2026 | $0.418 | Est. |
| PCS Sep 30, 2026 | Oct 14, 2026 | $0.1814 | Est. |
| PCS Oct 30, 2026 | Nov 13, 2026 | $0.1814 | Est. |
| PCS Nov 29, 2026 | Dec 13, 2026 | $0.1814 | Est. |
Annual payouts per share
LQDPCS
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 PCS?
LQD currently has the higher trailing yield: LQD yields 4.76% and PCS yields 4.39%. Yield changes daily with price, so check the live figures above.
How often do LQD and PCS pay?
LQD pays every month and PCS pays every month. LQD's next ex-date is Oct 1, 2026 and PCS's is Sep 30, 2026.
Is LQD or PCS better for income?
It depends on what you are optimising for. LQD and PCS 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.