FMAGX Dividend Yield 2026: Fidelity Magellan

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Data last updated: Aug 18, 2026

Snapshot (as of Aug 18, 2026): Fidelity Magellan (FMAGX) pays a $1.01 annual dividend ($0.25 quarterly), yielding 6.33% at $15.93/share. Next ex-dividend date 2026-05-08. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 6.33%

Annual Dividend: $1.01 per share

Ex-Dividend Date: 2026-05-08

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 41

About Fidelity Magellan Dividend

Fidelity Magellan dividend investors are looking at a fund that allocates broadly across domestic and international equity securities, using fundamental analysis to select both growth and value stocks. The current yield is 6.35%, with a trailing annual dividend rate of $1.0090 per share paid quarterly. The next ex-dividend date is 2026-05-08, and the last payment was $0.3230 per share. At a beta of 1.089, FMAGX tracks closely with broader market swings, which income-focused investors should weigh against that elevated yield.

Dividend Safety

Fidelity Magellan pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). Because FMAGX distributes income derived from its underlying equity holdings rather than corporate earnings, the payout level is tied directly to the realized gains and income generated by the portfolio in any given period. Fidelity Magellan dividend safety is therefore a function of portfolio performance: years when the fund's equity positions produce less realized income result in lower distributions, as the highly variable annual history from $0.0390 in 2020 to $12.1390 in 2014 makes plain.

Fidelity Magellan (FMAGX) Dividend Growth Rate, CAGR, and History

Fidelity Magellan dividend history shows a CAGR of -5.0% per year from 1987 to 2025. Per-share payments started at $9.7400 and ended at $1.3820 over that span (with 2026 a partial year and excluded from this calculation). The largest annual increase in the window was 1060.0% in 2013, but the data block also flags at least one year-over-year decline exceeding 5%, and the overall direction across 38 years is negative.

Fidelity Magellan Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+37.0%	$0.54 (2022)	$1.38 (2025)
10-Year	-14.9%	$6.97 (2015)	$1.38 (2025)

Is Fidelity Magellan a Good Dividend Stock?

FMAGX fits income-focused investors who can tolerate wide year-to-year swings in distribution size. The current yield is classified as high (above 4%), sitting at 6.35% against a 5-year average of 6.73%, so the fund is paying near its recent historical norm. The trade-off is real: because distributions depend on realized gains from a broadly diversified equity portfolio, the income is not predictable the way a corporate dividend is. What an investor gets is a high headline yield tied to equity market performance; what they accept is the possibility of a dramatically lower payout in any year the portfolio produces less.

Recent Fidelity Magellan Dividend Payments

Payment Date	Amount per Share
2026-05-08	$0.3230
2025-12-05	$0.6860
2025-05-09	$0.6960
2024-12-06	$0.4840
2024-05-10	$0.4230
2023-12-08	$0.1920
2023-05-12	$1.2510
2022-12-09	$0.0810
2022-05-06	$0.4560
2021-12-10	$0.4440

Fidelity Magellan Annual Dividend History

Year	Total Dividends
2026	$0.3230
2025	$1.3820
2024	$0.9070
2023	$1.4430
2022	$0.5370

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.01% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.02% yield)
• VOO — Vanguard S&P 500 ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• JPM — JPMorgan Chase & Co. (1.65% yield)
• IVV — iShares Core S&P 500 ETF (1.05% yield)

Frequently Asked Questions

Does FMAGX pay dividends?

Yes, Fidelity Magellan (FMAGX) pays a $0.25 quarterly dividend per share, yielding 6.33%.

How often does Fidelity Magellan pay dividends?

Fidelity Magellan pays dividends quarterly. The last dividend was $0.3230 per share, and the next ex-dividend date is 2026-05-08.

What is Fidelity Magellan's current dividend yield?

The current FMAGX dividend yield is 6.35%. That sits modestly below the fund's 5-year average yield of 6.73%, placing it near but slightly under its recent historical norm.

Has Fidelity Magellan ever cut its dividend?

Yes, the available history shows multiple year-over-year declines. Annual payments dropped from $12.1390 in 2014 to $6.9750 in 2015, and from $10.0820 in 2017 to $5.5300 in 2018, among other down years. The data also flags at least one decline exceeding 5%.

How fast has Fidelity Magellan grown its dividend?

The compound annual growth rate (CAGR) for the Fidelity Magellan dividend is -5.0% per year from 1987 to 2025. Per-share payments fell from $9.7400 to $1.3820 over that 38-year window, reflecting the variable nature of fund distributions tied to portfolio performance.

Is Fidelity Magellan a good dividend stock for income investors?

FMAGX carries a high (above 4%) yield at 6.35%, which appeals to income-focused investors. However, distributions are tied to realized equity portfolio gains, making annual income unpredictable, a characteristic that suits investors who prioritize yield level over payment stability.

Is Fidelity Magellan dividend safe?

The payout ratio is not applicable (fund/ETF), so there is no traditional coverage ratio to assess. Fidelity Magellan dividend safety depends on the fund's equity portfolio generating sufficient realized income each year, and the historical record shows payments have varied dramatically from year to year.

How does Fidelity Magellan compare to its own historical yield?

At 6.35%, the current yield is below the 5-year average of 6.73%. Income investors are receiving a yield that is close to, but slightly under, what FMAGX has averaged over the past five years.

Latest FMAGX News

• 5 Best Fidelity Mutual Funds to Buy Now - Kiplinger — Kiplinger
• Fidelity Magellan Fund Q1 2026 Commentary - Seeking Alpha — Seeking Alpha
• Forget Robinhood: This Retail Trading Rival Delivers Better Returns at Half the Price - 24/7 Wall St. — 24/7 Wall St.

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