Let's say that I have 100 shares of the SPYD ETF. The current Annual Dividend/Yield is $2.27/5.47%.
Is that the case that after a year I'm going to get paid 100 * 2.27 = $227.00?
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Published dividend yield is calculated based on the current unit/share price and most recent annualized distribution. Your yield will change over time as you receive dividends.
Assuming you paid the current price of $41.68 per unit for your 100 units of SPYD, your cost basis is $4,168. If the distribution holds to the most recent paid of $0.6362/unit your annual distribution will be $2.5448/share or $254.48 for a yield of 6.1%.
If, next year the unit price is $61, and the quarterly dividend is up to $0.85/unit, the published yield will be something like 5.6% ($0.85 * 4 / $61); but your yield will be based on your purchase price of $41.68, so $0.85/unit would be 8.2%.
Distributions tend to fluctuate over time. The actual most recent annual distributions sum to $1.9026
03/24/2021 $0.6362 12/23/3030 $0.6066 09/23/2020 $0.2636 06/24/2020 $0.3962
If you had bought in June 2020, the unit price was around $28.50; the published yield at the time would have been something like 5.6% ($0.3962 * 4 / $28.50). In the last year you would have actually received $190.26 for your 100 units which cost you $2,850 for an actual annual yield of 6.6%