About State Street My2029 Corporate Bond ETF (MYCI) — Dividend Analysis 2026
The State Street My2029 Corporate Bond ETF employs an actively managed target maturity strategy that provides exposure primarily to corporate bonds maturing in 2029 and is designed to distribute any remaining principal and liquidate on or about December 15, 2029.The fund seeks to maximize current income while seeking preservation of capital using a risk-aware, top-down approach combined with bottom-up security selection through rigorous fundamental research to construct a portfolio that seeks to overweight the most attractive sectors and issuers.The fund is one of the State Street MyIncome ETFs, a suite of target maturity funds allowing investors to efficiently build custom bond ladder portfolios to manage interest rate risks, cash flows, and liquidity needs.
Is MYCI a good dividend investment in 2026?
MYCI offers a 4.59% 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.
MYCI DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MYCI portfolio grows to $15.7K vs $14.6K without reinvestment. This is the compound interest effect in action.
MYCI dividend growth history & forecast
MYCI 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 4.59%.
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.
🌍 MYCI Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MYCI.
Gross yield
4.59%
Tax rate
15.00%
After-tax yield
3.90%
Real yield (−CPI)
1.10%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.59%
1.79%
$459 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.90%
1.10%
$390 / yr
🇺🇸 US Taxable (20%)
20%
3.67%
0.87%
$367 / yr
🇬🇧 UK ISA
0%
4.59%
1.79%
$459 / yr
🇬🇧 UK Taxable
8.75%
4.19%
1.39%
$419 / yr
🇨🇦 TFSA
0%
4.59%
1.79%
$459 / yr
🇨🇦 CA Taxable
25%
3.44%
0.64%
$344 / yr
🇦🇺 Super (pension)
15%
3.90%
1.10%
$390 / yr
🇦🇺 AU Taxable
30%
3.21%
0.41%
$321 / yr
🇩🇪 DE Taxable
26.375%
3.38%
0.58%
$338 / yr
🇫🇷 FR Taxable
30%
3.21%
0.41%
$321 / 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.
🎯 MYCI Income Goal & Break-Even
Dividend Break-Even
26yr
Years for dividends to fully repay your MYCI investment of $24.87/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$4.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$2.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MYCI for:
Shares needed
24,733
Capital required
$615,110
Monthly income
$2,000
Based on current dividend of $1.14/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MYCI Dividend Payment Schedule
MYCI pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$2.43 / payment
$9.70 / year after tax
100 shares
$24.26 / payment
$97.04 / year after tax
1,000 shares
$242.60 / payment
$970.39 / year after tax
📊 MYCI vs Financial Services Benchmarks
How MYCI compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+1.69% vs sectorBetter
MYCI
4.59%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
MYCI
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
MYCI
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MYCI sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MYCI Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
Lazzeri Family Trust, Robert Lazzeri, Trustee
10 percent owner
J-Other
2007-04-02
1,125,000
$250000.00
$281250.00M
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
📊 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 MYCI 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 →