I received my PayPal Money Market Fund dividend for the month of August a few days ago (on the 30th). I love it when the dividend comes early, which, from my experience, isn’t very often at all.
This time, I received a dividend payment of $13.38, up slightly from the $12.94 I earned for the month of July. The stated 7-day yield is currently at 2.34%, a tiny improvement over the 2.32% rate the last time I posted about the dividend.
As usual, I don’t think $13 and change is nearly enough of a return on my money, but I have been way too busy to research other money market funds. I’ve got a prospectus from the Hodges Fund that I’m currently going through, but there’s a lot of stuff that I need to check out before sending them my money.
So for now, PayPal is the only MMF I participate in — despite its low rate.