FGXXX is a Money Market Fund
FGXXX (First American Funds, Inc. - Government Obligations Fund) is a Money Market Fund (MMF) — not an individual stock and not an ETF. Money Market Funds are the class of mutual funds that aim to maintain a constant $1.00 Net Asset Value (NAV) at all times. Instead of trading live on an exchange like a stock, they price once per day at their closing NAV and pay their earnings out as regular dividend distributions.
What's inside
Short-dated U.S. Treasury bills, repurchase agreements collateralised by Treasuries, and other highest-credit- quality government or corporate paper. Average portfolio maturity is typically 30–60 days, keeping interest-rate risk minimal.
Where you'll see it
Brokerages (Fidelity, Schwab, Vanguard, First American, BlackRock, Federated Hermes) use MMFs as the automatic cash-sweep vehicle for uninvested cash balances so idle cash earns the short-rate yield.
Aims to maintain $1.00 — not guaranteed. SEC rule 2a-7 governs Money Market Funds, but a fund can still “break the buck” in extreme market stress. MMFs are not FDIC-insured; SIPC covers brokerage custody, not fund credit risk. Read the prospectus before treating any MMF as cash-equivalent.
Ticker convention: US mutual funds always have exactly 5-letter tickers. Money Market Funds specifically end in double-XX (SPAXX, FGXXX, VMFXX, SWVXX); ordinary open-end mutual funds end in a single X (VTSAX, FXAIX); individual stocks are 1–4 letters and ETFs are 3–4 letters. DiviDrip auto-classifies any 3-letter-prefix + XX ticker as an MMF, hides the Dividend Triangle tab (which values dividend growth — not applicable to a $1.00-NAV product), and swaps in this overview instead.
FGXXX is First American Funds, Inc. - Government Obligations Fund. Trading at $1.00. Current dividend yield: 3.10%.
Dividend snapshot
| Annual dividend rate | $0.03 |
| Current yield | 3.10% |
| Payment frequency | Monthly |
| Next ex-dividend date | Jul 30, 2026(37 days ago) |
| Most recent payment date | Jun 30, 2026 |
| Last payment amount | $0.0029 |
| 5-year dividend CAGR | 30.18% |
| 3-year dividend CAGR | 40.18% |
| Payout ratio | 0% |
| Exchange | NAS |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-06-30 | $0.0029 |
| 2026-05-29 | $0.0030 |
| 2026-04-30 | $0.0029 |
| 2026-03-31 | $0.0030 |
| 2026-02-27 | $0.0028 |
| 2026-01-30 | $0.0031 |
| 2025-12-31 | $0.0032 |
| 2025-11-28 | $0.0032 |
Frequently asked
What is FGXXX's dividend yield?
FGXXX (First American Funds, Inc. - Government Obligations Fund) currently has a dividend yield of 3.10%, which works out to about $0.03 in annual dividend payments per share.
When is FGXXX's next ex-dividend date?
FGXXX's next ex-dividend date is Jul 30, 2026 (37 days ago). To receive the upcoming dividend, you must own shares before this date.
When did FGXXX last pay a dividend?
FGXXX's most recent dividend payment date was Jun 30, 2026.
How often does FGXXX pay dividends?
FGXXX pays dividends on a monthly schedule.
How fast is FGXXX growing its dividend?
FGXXX has been growing its dividend at a 40.18% 3-year compound annual growth rate (CAGR). CAGR smooths year-to-year noise into a single average growth rate.
Track FGXXX in DiviDrip
Add FGXXX to your portfolio on DiviDrip to track every buy, DRIP reinvestment, and dividend payment in one place. Free, no credit card, no upsell — built by dividend investors, for dividend investors.
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Data refreshed 2026-09-05. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.