FBDC Distribution History & Yield
FT Confluence BDC & Specialty Finance Income ETF · NYSEArca
Upcoming distribution payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Fri, Nov 20, 2026 (in 26 days) | Dec 4, 2026 | $0.1658 | $16.58 | Estimated |
| Sun, Dec 20, 2026 (in 56 days) | Jan 3, 2027 | $0.1658 | $16.58 | Estimated |
| Tue, Jan 19, 2027 (in 86 days) | Feb 2, 2027 | $0.1658 | $16.58 | Estimated |
| Thu, Feb 18, 2027 (in 116 days) | Mar 4, 2027 | $0.1658 | $16.58 | Estimated |
| Sat, Mar 20, 2027 (in 146 days) | Apr 3, 2027 | $0.1658 | $16.58 | Estimated |
| Mon, Apr 19, 2027 (in 176 days) | May 3, 2027 | $0.1658 | $16.58 | Estimated |
| Wed, May 19, 2027 (in 206 days) | Jun 2, 2027 | $0.1658 | $16.58 | Estimated |
| Fri, Jun 18, 2027 (in 236 days) | Jul 2, 2027 | $0.1658 | $16.58 | Estimated |
| Sun, Jul 18, 2027 (in 266 days) | Aug 1, 2027 | $0.1658 | $16.58 | Estimated |
| Tue, Aug 17, 2027 (in 296 days) | Aug 31, 2027 | $0.1658 | $16.58 | Estimated |
| Thu, Sep 16, 2027 (in 326 days) | Sep 30, 2027 | $0.1658 | $16.58 | Estimated |
| Sat, Oct 16, 2027 (in 356 days) | Oct 30, 2027 | $0.1658 | $16.58 | Estimated |
Estimated dates and amounts are projected from FBDC's recent payment pattern and will be replaced by declared figures when the fund announces them. Total over the next 12 months: about $1.99 per share.
Distribution payment history
Last 16 payments per share. RegularSpecial
Annual distributions per share
How much FBDC do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 604 | $9,748 | $1,200 |
| $500 / month | 3,016 | $48,742 | $6,000 |
| $1,000 / month | 6,031 | $97,483 | $12,000 |
Based on the forward yield of 12.31%. $10,000 in FBDC would currently pay about $1,231 a year ($103 a month on average). Model reinvestment and growth →
FBDC distribution history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Oct 21, 2026 | — | $0.14 | -6.7% |
| Sep 24, 2026 | — | $0.15 | +0.0% |
| Aug 21, 2026 | — | $0.15 | +0.0% |
| Jul 21, 2026 | — | $0.15 | -14.3% |
| Jun 25, 2026 | — | $0.175 | +0.0% |
| May 21, 2026 | — | $0.175 | +0.0% |
| Apr 21, 2026 | — | $0.175 | +0.0% |
| Mar 26, 2026 | — | $0.175 | +0.0% |
| Feb 20, 2026 | — | $0.175 | +0.0% |
| Jan 21, 2026 | — | $0.175 | +0.0% |
| Dec 12, 2025 | — | $0.175 | +0.0% |
| Nov 21, 2025 | — | $0.175 | +0.0% |
| Oct 21, 2025 | — | $0.175 | +0.0% |
| Sep 25, 2025 | — | $0.175 | +0.0% |
| Aug 21, 2025 | — | $0.175 | +0.0% |
| Jul 22, 2025 | — | $0.175 | — |
Payout risk check
FBDC's last 12 distributions were very stable (consistency score 92/100).
Its share price moved -18.2% over the past year.
A 12.3% yield paired with a falling share price is the classic sign of NAV erosion: part of each distribution may be a return of your own capital rather than income the fund earned, and the share price can keep grinding lower even while the headline yield looks attractive.
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About FT Confluence BDC & Specialty Finance Income ETF
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of equity securities of business development companies (“BDCs”) and other specialty finance companies that Confluence Investment Management LLC, the fund's investment sub-advisor (the “Sub-Advisor”), believes offer attractive opportunities for income and capital appreciation. The fund is non-diversified.
Fund family: First Trust. Category: Financial. First distribution on our records: Jul 22, 2025. 16 payments tracked. Data last refreshed Oct 25, 2026. Spotted a mistake? Report it and we'll fix it.
FBDC distribution FAQ
When is FBDC's next ex-distribution date?
FBDC's next ex-distribution date is Nov 20, 2026 (in 26 days, estimated from its monthly schedule). You must own the shares before that date to receive the payment of about $0.1658 per share, expected on Dec 4, 2026.
How often does FBDC pay distributions?
FBDC pays distributions every month, 12 times a year. The most recent payment was $0.14 per share with an ex-date of Oct 21, 2026.
What is FBDC's distribution yield?
FBDC's trailing 12-month distribution yield is 12.31%, based on $1.99 per share paid over the last year and a share price of $16.17. The forward yield, using the indicated annual rate of $1.99 per share, is 12.31%.
How much does FBDC pay per share?
FBDC pays about $0.1658 per share each month, which works out to roughly $1.99 per share a year. 100 shares would collect about $199.00 a year.
Has FBDC grown or cut its distribution?
As a fund, FBDC's distributions vary with the income its holdings generate, so payouts are not designed to rise every year the way a dividend-growth stock's are.
How many shares of FBDC do I need to earn $100 a month?
At the current forward yield of 12.31%, you would need about 604 shares of FBDC (roughly $9,748 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.
Similar funds
| Symbol | Type | Price | TTM yield | Annual / share | Frequency | Next ex-date | Trend |
|---|---|---|---|---|---|---|---|
| XLFState Street Financial Select Sector SPDR ETF | ETF | $55.90 | 1.48% | $0.788 | Quarterly | Dec 21 Est. | |
| VFHVanguard Financials Index Fund ETF Shares | ETF | $135.89 | 1.73% | $1.784 | Quarterly | Dec 23 Est. | |
| KBWBInvesco KBW Bank ETF | ETF | $87.56 | 2.13% | $1.84 | Quarterly | Dec 21 Est. | |
| IYFiShares U.S. Financials ETF | ETF | $130.23 | 1.49% | $1.672 | Quarterly | Dec 15 Est. | |
| KREState Street SPDR S&P Regional Banking ETF | ETF | $72.46 | 2.22% | $1.648 | Quarterly | Dec 21 Est. | |
| FNCLFidelity MSCI Financials Index ETF | ETF | $78.79 | 1.64% | $1.24 | Quarterly | Dec 18 Est. | |
| IYGiShares U.S. Financial Services ETF | ETF | $93.31 | 1.10% | $1.08 | Quarterly | Dec 15 Est. | |
| BIZDVanEck BDC Income ETF | ETF | $11.93 | 13.08% | $1.748 | Quarterly | Dec 31 Est. |