FMAGX Dividend Yield 2026: Fidelity Magellan

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Data last updated: Jul 03, 2026

Dividend Yield: 6.54%

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 is an actively managed equity fund that invests across domestic and international stocks, using fundamental analysis to select both growth and value opportunities. The Fidelity Magellan dividend currently yields 6.64%, with a trailing annual rate of $1.0090 per share paid quarterly. The next ex-dividend date is May 8, 2026, and the last payment was $0.3230 per share. At a beta of 1.1, FMAGX carries slightly above-market volatility, which income-focused investors should weigh against that headline yield.

Dividend Safety

Fidelity Magellan pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). Because FMAGX distributes realized gains and income from its equity holdings rather than corporate earnings, the payout level is directly tied to portfolio performance, which varies year to year. Fidelity Magellan dividend safety is therefore harder to assess than for a typical dividend stock: the annual dividend history shows swings from $0.0390 in 2020 to $12.1390 in 2014, reflecting how dependent distributions are on the fund's realized gains in any given year.

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 (with 2026 partial year data not included in this calculation). The largest annual increase in the window was 1060.0% in 2013, but the data also contains at least one year-over-year decline exceeding 5%, and the overall long-run trend 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?

Fidelity Magellan fits income-focused investors who can tolerate significant year-to-year variation in distribution size. The yield is classified as high (above 4%) at 6.64%, but that figure sits below the 5-year average yield of 7.04%, and the fund's distributions have historically swung sharply based on realized portfolio gains. What an investor gets is a high current yield from a broadly diversified active equity fund. What they accept is that the annual payout is not predictable, with only one consecutive year of dividend increases on record and a long-run CAGR of -5.0%.

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 (1.05% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.07% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.09% yield)
• FXAIX — Fidelity 500 Index Fund (1.04% yield)

Frequently Asked Questions

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 May 8, 2026.

What is Fidelity Magellan's current dividend yield?

The current FMAGX dividend yield is 6.64%. That sits below the fund's 5-year average yield of 7.04%, meaning the current yield is on the lower end of its recent historical range.

Has Fidelity Magellan ever cut its dividend?

Yes, the available history shows multiple year-over-year declines. For example, the annual dividend fell from $12.1390 in 2014 to $6.9750 in 2015, and from $10.0820 in 2017 to $5.5300 in 2018. The data covers 1987 to 2025 and contains 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 declined from $9.7400 to $1.3820 over that period, reflecting the fund's dependence on variable realized gains.

Is Fidelity Magellan a good dividend stock for income investors?

FMAGX offers a high yield above 4%, currently at 6.64%, which appeals to income-focused investors. However, distributions are not predictable: annual payments have ranged from $0.0390 to $12.1390 over the available history, and the long-run dividend CAGR is negative at -5.0%.

What type of investor is Fidelity Magellan best suited for?

Fidelity Magellan suits income-focused investors who prioritize a high current yield and can accept variable annual distributions. With a beta of 1.1 and a history of large swings in annual payouts, it is not suited for investors who need a predictable, growing income stream.

How does Fidelity Magellan compare to its own historical yield?

The current yield of 6.64% is below the 5-year average of 7.04%. That gap of roughly 40 basis points means the fund is currently yielding less than its recent norm, based on available data.

Latest FMAGX News

• 5 Best Fidelity Mutual Funds to Buy Now - Kiplinger — Kiplinger
• Fidelity Magellan Fund Q1 2026 Commentary - Seeking Alpha — Seeking Alpha
• 6 Best Peter Lynch Stocks to Buy Now | Investing - U.S. News - Money — U.S. News - Money

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