FSMDX Dividend Yield 2026: Fidelity Mid Cap Index

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Data last updated: Jul 03, 2026

Dividend Yield: 0.76%

Annual Dividend: $0.32 per share

Ex-Dividend Date: 2025-12-19

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 15

About Fidelity Mid Cap Index Dividend

The Fidelity Mid Cap Index dividend comes from a fund that holds at least 80% of its assets in securities included in the Russell Midcap Index, giving investors broad exposure to U.S. mid-cap equities. FSMDX currently pays a 0.76% yield, with a trailing annual dividend rate of $0.3220 per share paid quarterly. The next ex-dividend date is December 19, 2025. With a beta of 1.02, the fund moves nearly in lockstep with the broader market, making it a fit for growth-and-income investors comfortable with market-level volatility in exchange for dividend growth potential.

Dividend Safety

Fidelity Mid Cap Index pays out dividends as a fund, so a traditional payout ratio is not applicable (fund/ETF). The fund's distributions are tied to the income generated by its underlying Russell Midcap Index holdings, including securities lending income, rather than a fixed corporate earnings stream. Fidelity Mid Cap Index dividend safety is therefore subject to fluctuations in the income produced by those holdings, and the history table shows at least one year-over-year decline exceeding 5%, which means distributions are not guaranteed to hold steady year to year.

Fidelity Mid Cap Index (FSMDX) Dividend Growth Rate, CAGR, and History

Fidelity Mid Cap Index dividend history shows a CAGR of 11.6% per year from 2012 to 2024. Per-share payments grew from $0.2100 in 2012 to $0.7830 in 2024 (2025 data is partial and excluded from this calculation). The largest annual increase in the window was 75.2% in 2021, but the history also includes meaningful year-over-year declines, so growth has been uneven rather than linear.

Fidelity Mid Cap Index Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	-8.8%	$0.54 (2022)	$0.41 (2025)
5-Year	-7.8%	$0.61 (2020)	$0.41 (2025)
10-Year	-5.3%	$0.70 (2015)	$0.41 (2025)

Is Fidelity Mid Cap Index a Good Dividend Stock?

FSMDX fits growth-and-income investors who prioritize dividend growth over current yield and are comfortable holding a broad mid-cap index fund with market-level volatility. The yield is low (below 2%), and at 0.76% today it sits well below the fund's own 5-year average of 1.52%, which means income at current prices is thin. What the fund offers instead is a long-term growth rate of 11.6% per year from 2012 to 2024. The trade-off is clear: an investor accepts a low current payout and uneven year-to-year distributions in exchange for exposure to mid-cap equity growth and a dividend that has expanded substantially over time.

Recent Fidelity Mid Cap Index Dividend Payments

Payment Date	Amount per Share
2025-12-19	$0.3220
2025-06-27	$0.0850
2024-12-20	$0.7710
2024-06-28	$0.0120
2023-12-15	$0.3290
2023-06-23	$0.0880
2022-12-16	$0.3340
2022-06-24	$0.2030
2021-12-17	$0.9600
2021-06-04	$0.1120

Fidelity Mid Cap Index Annual Dividend History

Year	Total Dividends
2025	$0.4070
2024	$0.7830
2023	$0.4170
2022	$0.5370
2021	$1.0720

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 Mid Cap Index pay dividends?

Fidelity Mid Cap Index pays dividends quarterly. The last dividend amount was $0.3220 per share, with the next ex-dividend date set for December 19, 2025.

What is Fidelity Mid Cap Index's current dividend yield?

The current FSMDX dividend yield is 0.76%, which is well below the fund's 5-year average yield of 1.52%. Income investors should note that the current yield is at the lower end of the fund's own historical range.

Has Fidelity Mid Cap Index ever cut its dividend?

Yes, the available history shows at least one year-over-year decline exceeding 5%. For example, annual payments dropped from $0.7000 in 2015 to $0.4036 in 2016, and from $1.0720 in 2021 to $0.5370 in 2022, so distributions have not moved in one direction.

How fast has Fidelity Mid Cap Index grown its dividend?

Fidelity Mid Cap Index has grown its dividend at a compound annual growth rate (CAGR) of 11.6% per year from 2012 to 2024. Per-share payments rose from $0.2100 to $0.7830 over that period, though growth has been uneven with notable declines in some years.

Is Fidelity Mid Cap Index a good dividend stock for income investors?

At a 0.76% yield, FSMDX is not an income-focused holding. It suits growth-and-income investors who prioritize long-term dividend growth, as the fund's 11.6% annual CAGR from 2012 to 2024 is the defining characteristic, not the current payout level.

What type of investor is Fidelity Mid Cap Index best suited for?

Fidelity Mid Cap Index is best suited for growth-and-income investors who prioritize dividend growth over current yield. The low 0.76% yield and uneven distribution history make it a poor fit for investors who depend on steady, high current income.

How does Fidelity Mid Cap Index compare to its own historical yield?

The current yield of 0.76% is roughly half the fund's 5-year average yield of 1.52%. That gap means investors buying FSMDX today are receiving significantly less income relative to price than the fund's recent history would suggest is typical.

Latest FSMDX News

• Fidelity Mid Cap Index Fund Q1 2026 Commentary (FSMDX) - Seeking Alpha — Seeking Alpha
• The Best Small-/Mid-Cap Funds and ETFs To Buy - Morningstar — Morningstar
• 7 Best Mid-Cap ETFs to Buy Today - U.S. News - Money — U.S. News - Money

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