About Simplify High Yield ETF (CDX) — Dividend Analysis 2026
The Simplify High Yield ETF (CDX) seeks to maximize current income by investing primarily in high-yield bonds while mitigating credit risk. CDX is designed to provide core high yield exposure, with its attractive income, while simultaneously deploying a host of compelling and flexible credit hedge techniques.The primary hedge in CDX is a Quality-Junk factor-based hedge, although CDX will opportunistically invest in CDX calls and equity puts based on cost-to-payout ratios.
Is CDX a good dividend investment in 2026?
CDX offers a 8.43% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
CDX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your CDX portfolio grows to $22.5K vs $18.4K without reinvestment. This is the compound interest effect in action.
CDX dividend growth history & forecast
CDX has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 8.43%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 CDX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold CDX.
Gross yield
8.43%
Tax rate
15.00%
After-tax yield
7.17%
Real yield (−CPI)
4.37%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
8.43%
5.63%
$843 / yr
🇺🇸 US Taxable (15%) ✓
15%
7.17%
4.37%
$717 / yr
🇺🇸 US Taxable (20%)
20%
6.74%
3.94%
$674 / yr
🇬🇧 UK ISA
0%
8.43%
5.63%
$843 / yr
🇬🇧 UK Taxable
8.75%
7.69%
4.89%
$769 / yr
🇨🇦 TFSA
0%
8.43%
5.63%
$843 / yr
🇨🇦 CA Taxable
25%
6.32%
3.52%
$632 / yr
🇦🇺 Super (pension)
15%
7.17%
4.37%
$717 / yr
🇦🇺 AU Taxable
30%
5.90%
3.10%
$590 / yr
🇩🇪 DE Taxable
26.375%
6.21%
3.41%
$621 / yr
🇫🇷 FR Taxable
30%
5.90%
3.10%
$590 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 CDX Income Goal & Break-Even
Dividend Break-Even
14yr
Years for dividends to fully repay your CDX investment of $21.34/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$10.0K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$7.5K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in CDX for:
Shares needed
15,687
Capital required
$334,839
Monthly income
$2,000
Based on current dividend of $1.80/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 CDX Dividend Payment Schedule
CDX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$3.82 / payment
$15.30 / year after tax
100 shares
$38.25 / payment
$153.00 / year after tax
1,000 shares
$382.50 / payment
$1530.00 / year after tax
📊 CDX vs Financial Services Benchmarks
How CDX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+5.53% vs sectorBetter
CDX
8.43%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
CDX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
CDX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for CDX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ CDX Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the CDX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →