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Data last updated: Oct 01, 2026
Snapshot (as of Oct 01, 2026): Fidelity Magellan (FMAGX) pays a $1.01 annual dividend, yielding 6.51% at $15.50/share. Next ex-dividend date 2026-05-08. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.51%
Annual Dividend: $1.01 per share
Ex-Dividend Date: 2026-05-08
Dividend Frequency: semi-annually
Sector: Financial Services
Years of Dividend History: 41
Fidelity Magellan dividend investors are looking at a fund that deploys capital across domestic and international equity securities, using fundamental analysis to select both growth and value stocks. The current yield stands at 6.61%, with a trailing annual dividend rate of $1.0090 per share paid semi-annually. The next ex-dividend date is May 8, 2026, with the last payment of $0.3230 per share already on record. At a beta of 1.085, FMAGX moves slightly above the broader market, which suits income-focused investors who can tolerate modest price swings in exchange for a high yield.
Fidelity Magellan pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). Fidelity Magellan dividend safety rests on the fund's ability to generate realized gains and income from its equity holdings, which span both domestic and international issuers across growth and value styles. The primary pressure point is that equity-driven distributions can swing sharply year to year, as the historical record shows, with annual payments ranging from $0.039 in 2020 to $1.523 in 2019.
Fidelity Magellan dividend history shows a CAGR of 0.5% per year from 1999 to 2025. Per-share payments moved from $1.2120 to $1.3820 over that span (with 2026 a partial year, not included in the CAGR). The largest annual increase in the window was 1160.9% in 2013, a figure that reflects the fund's equity-driven distribution structure rather than a deliberate payout policy, and the history also contains at least one year-over-year decline exceeding 5%.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +37.0% | $0.54 (2022) | $1.38 (2025) |
| 10-Year | +7.1% | $0.70 (2015) | $1.38 (2025) |
FMAGX fits income-focused investors who want exposure to a broadly diversified equity fund and are comfortable with distributions that fluctuate from year to year. The current yield is classified as high (above 4%), though at 6.61% it sits below the 5-year average of 7.01%, meaning recent income has been slightly lighter than the historical norm. The fund's flexible mandate, covering growth, value, and international stocks, adds diversification but also means payouts are tied to realized portfolio gains rather than a predictable earnings stream. Investors get a high headline yield; the trade-off is meaningful year-to-year variability in the actual dollar amount received.
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3230 |
| 2025 | $1.3820 |
| 2024 | $0.9070 |
| 2023 | $1.4430 |
| 2022 | $0.5370 |
Project income from FMAGX with the FMAGX dividend calculator or track your full portfolio with the dividend tracker.