FNILX Dividend Yield 2026: Fidelity ZERO Large Cap Index Fund

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Data last updated: Jul 04, 2026

Dividend Yield: 0.92%

Annual Dividend: $0.22 per share

Payout Ratio: 43.5%

Ex-Dividend Date: 2025-12-12

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 8

About Fidelity ZERO Large Cap Index Fund Dividend

The Fidelity ZERO Large Cap Index Fund dividend comes from a passively managed fund that holds shares of the 500 largest U.S. companies by float-adjusted market capitalization. FNILX currently yields 0.94%, with a trailing annual dividend rate of $0.2166 per share paid quarterly. The next ex-dividend date is December 12, 2025, with the last dividend amount at $0.2470 per share. With a beta of 1.01, FNILX moves in near-lockstep with the broad U.S. large-cap market, making it a fit for growth-and-income investors who want dividend growth alongside market exposure.

Dividend Safety

Fidelity ZERO Large Cap Index Fund pays out 43.5% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful room between the dividend and the fund's earnings, which supports the current payout without stretching it. Fidelity ZERO Large Cap Index Fund dividend safety is grounded in that buffer, though the fund's distributions ultimately depend on the aggregate dividends generated by its 500 underlying large-cap holdings. If those companies broadly reduce their own payouts, the fund's dividend would face direct downward pressure.

Fidelity ZERO Large Cap Index Fund (FNILX) Dividend Growth Rate, CAGR, and History

Fidelity ZERO Large Cap Index Fund dividend history shows a CAGR of 27.1% per year from 2018 to 2025. Per-share payments grew from $0.0460 to $0.2470 over that window (with 2026 as the current partial year). The smallest annual increase in the window was 0% in 2021, when the dividend held flat at $0.1610 per share, the only year without a gain in the available data.

Fidelity ZERO Large Cap Index Fund Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+6.4%	$0.20 (2022)	$0.25 (2025)
5-Year	+8.9%	$0.16 (2020)	$0.25 (2025)

Is Fidelity ZERO Large Cap Index Fund a Good Dividend Stock?

FNILX fits growth-and-income investors who want exposure to the 500 largest U.S. companies and are willing to accept a low current yield in exchange for fast dividend growth. The yield sits at low (below 2%), currently 0.94%, which is above the fund's own 5-year average of 0.81% but still modest in absolute terms. Five consecutive years of dividend increases and a 27.1% CAGR since 2018 are the defining strengths here. The trade-off is straightforward: Fidelity ZERO Large Cap Index Fund delivers dividend growth well above typical large-cap averages, but income-focused investors relying on yield alone will find the current $0.2166 annual rate limited.

Recent Fidelity ZERO Large Cap Index Fund Dividend Payments

Payment Date	Amount per Share
2025-12-12	$0.2470
2024-12-13	$0.2280
2023-12-27	$0.0040
2023-12-15	$0.2220
2022-12-16	$0.2050
2021-12-03	$0.1610
2020-12-04	$0.1610
2019-12-13	$0.1310
2018-12-28	$0.0110
2018-12-14	$0.0350

Fidelity ZERO Large Cap Index Fund Annual Dividend History

Year	Total Dividends
2025	$0.2470
2024	$0.2280
2023	$0.2260
2022	$0.2050
2021	$0.1610

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 ZERO Large Cap Index Fund pay dividends?

Fidelity ZERO Large Cap Index Fund pays dividends quarterly. The last dividend amount was $0.2470 per share, with the next ex-dividend date set for December 12, 2025.

What is Fidelity ZERO Large Cap Index Fund's current dividend yield?

The current FNILX dividend yield is 0.94%, which is above the fund's 5-year average yield of 0.81%. Both figures fall in the low-yield category, below 2%.

Has Fidelity ZERO Large Cap Index Fund ever cut its dividend?

No dividend cut appears in the available history from 2018 to 2025. The dividend held flat in 2021 at $0.1610 per share but did not decline. The data window covers 8 years.

How fast has Fidelity ZERO Large Cap Index Fund grown its dividend?

The fund has grown its dividend at a compound annual growth rate (CAGR) of 27.1% per year from 2018 to 2025. Per-share payments rose from $0.0460 to $0.2470 over that period.

Is Fidelity ZERO Large Cap Index Fund a good dividend stock for income investors?

FNILX carries a low yield of 0.94%, which limits its appeal for investors who prioritize current income. Its strength is dividend growth, with a 27.1% CAGR since 2018, making it better suited for growth-and-income investors than pure income seekers.

Is Fidelity ZERO Large Cap Index Fund dividend safe?

The 43.5% payout ratio, classified as moderate (40–60%), supports the current dividend level. That buffer means the fund is not paying out an outsized share of earnings, which reduces near-term pressure on the distribution.

Why is Fidelity ZERO Large Cap Index Fund dividend yield low?

The 0.94% yield reflects the fund's structure as a large-cap index fund, where underlying holdings prioritize growth over income. The payout ratio of 43.5% is moderate, so the low yield is a product of the fund's market exposure, not an unusually small payout relative to earnings.

Latest FNILX News

• 5 Best Fidelity Mutual Funds to Buy Now - Kiplinger — Kiplinger
• 8 Best Index Funds to Buy in July 2026 - The Motley Fool — The Motley Fool
• 7 Best Fidelity Mutual Funds to Buy and Hold | Investing - U.S. News - Money — U.S. News - Money

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