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Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Vanguard Short-Term Bond Index Fund ETF Shares (BSV) pays a $0.00 annual dividend, yielding 4.11% at $76.53/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.11%
Annual Dividend: $0.00 per share
Dividend Frequency: monthly
Years of Dividend History: 20
The Vanguard Short-Term Bond Index Fund ETF Shares dividend comes from a portfolio of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds with maturities between one and five years. BSV currently yields 4.1%, placing it in high-yield territory for a short-duration bond fund. The fund pays monthly, which suits income investors who prefer regular cash flow over quarterly distributions. That combination of monthly income and a 4.1% yield makes BSV a natural fit for income-focused investors who want bond exposure without reaching into longer maturities.
Vanguard Short-Term Bond Index Fund ETF Shares dividend safety is determined by the aggregate interest payments from its underlying holdings: U.S. government bonds, investment-grade corporate bonds, and investment-grade international dollar-denominated bonds, all with maturities of one to five years. Payout ratio is not applicable (fund/ETF), since distributions pass through directly from bond interest rather than corporate earnings. The history table does show meaningful year-over-year declines, including a drop from $1.8443 in 2019 to $1.4810 in 2020, which reflects how changes in interest rates flow directly into the fund's distributions.
Over the past 17 years, Vanguard Short-Term Bond Index Fund ETF Shares has grown its dividend at 0.3% per year. Per-share annual distributions moved from $2.8850 in 2008 to $3.0207 in 2025 (with 2026 a partial year). The largest annual increase in the window was 68.1% in 2023, which shows how sharply distributions can swing when interest rates move, not a sign of steady compounding. Growth is slow at the headline CAGR level, and the history includes declines exceeding 5% in at least one year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +38.9% | $1.13 (2022) | $3.02 (2025) |
| 5-Year | +15.3% | $1.48 (2020) | $3.02 (2025) |
| 10-Year | +10.5% | $1.11 (2015) | $3.02 (2025) |
BSV fits income-focused investors who want monthly cash flow from investment-grade bonds without taking on long-duration interest rate risk. The current yield is high (above 4%), which is meaningful for a fund holding bonds with maturities capped at five years. The trade-off is clear: the 0.3% CAGR over 17 years shows that long-run distribution growth is nearly flat, and the history includes sharp year-over-year declines tied to rate movements. What an investor gets is a 4.1% monthly income stream backed by government and investment-grade credit. What they accept is a distribution level that moves with interest rates, not one that compounds steadily upward.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.2680 |
| 2026-09-01 | $0.2684 |
| 2026-08-03 | $0.2661 |
| 2026-07-01 | $0.2614 |
| 2026-06-01 | $0.2673 |
| 2026-05-01 | $0.2593 |
| 2026-04-01 | $0.2666 |
| 2026-03-02 | $0.2415 |
| 2026-02-02 | $0.2658 |
| 2025-12-18 | $0.2666 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3643 |
| 2025 | $3.0207 |
| 2024 | $2.6138 |
| 2023 | $1.8927 |
| 2022 | $1.1262 |
Project income from BSV with the BSV dividend calculator or track your full portfolio with the dividend tracker.