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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): Fidelity ZERO Large Cap Index Fund (FNILX) pays a $0.22 annual dividend, yielding 0.89% at $27.77/share. Next ex-dividend date 2025-12-12. 5+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.89%
Annual Dividend: $0.22 per share
Payout Ratio: 43.5%
Ex-Dividend Date: 2025-12-12
Dividend Frequency: annually
Sector: Financial Services
Years of Dividend History: 8
The Fidelity ZERO Large Cap Index Fund dividend comes from a passively managed fund that holds at least 80% of its assets in the 500 largest U.S. companies by float-adjusted market capitalization, tracking the Fidelity U.S. Large Cap Index. FNILX currently yields 0.91%, with a trailing annual dividend rate of $0.2151 per share. The fund pays annually, with the next ex-dividend date set for December 12, 2025. Growth-oriented income investors are the natural fit here: the dividend has increased for 5 consecutive years, making FNILX more relevant for dividend growth than current income.
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 payout and the fund's earnings, which supports the current distribution without appearing stretched. Fidelity ZERO Large Cap Index Fund dividend safety is primarily a function of the underlying portfolio: because the fund mirrors the 500 largest U.S. companies by float-adjusted market cap, any broad deterioration in large-cap earnings would directly pressure the dividend. No single holding dominates, but the payout is only as durable as the aggregate earnings of those 500 companies.
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 $0.2470 representing the most recent declared amount for 2025, and 2026 data not yet complete). The smallest annual increase in the window was 0% in 2021, when the dividend held flat at $0.1610 per share, unchanged from 2020.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.4% | $0.20 (2022) | $0.25 (2025) |
| 5-Year | +8.9% | $0.16 (2020) | $0.25 (2025) |
FNILX fits growth-and-income investors who prioritize dividend growth over current yield, specifically those comfortable holding a large-cap index fund that delivers income as a byproduct of broad U.S. equity exposure. The yield is low (below 2%), currently at 0.91%, which is above the fund's own 5-year average of 0.79% but still modest in absolute terms. The 27.1% annualized dividend growth rate is the defining characteristic here: it is the reason to own FNILX for income, not the yield itself. The trade-off is straightforward: an investor gains exposure to fast-rising distributions backed by a moderate 43.5% payout ratio, but accepts a yield that delivers limited near-term income.
| 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 |
| Year | Total Dividends |
|---|---|
| 2025 | $0.2470 |
| 2024 | $0.2280 |
| 2023 | $0.2260 |
| 2022 | $0.2050 |
| 2021 | $0.1610 |
Project income from FNILX with the FNILX dividend calculator or track your full portfolio with the dividend tracker.