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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Fidelity Mid Cap Index (FSMDX) pays a $0.32 annual dividend ($0.08 quarterly), yielding 0.73% at $44.08/share. Next ex-dividend date 2025-12-19. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.73%
Annual Dividend: $0.32 per share
Ex-Dividend Date: 2025-12-19
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 15
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 0.74% dividend yield, with a trailing annual dividend rate of $0.3220 per share. The fund pays quarterly, with the next ex-dividend date set for December 19, 2025. A beta of 1.004 means FSMDX moves nearly in lockstep with the broader market, making it a fit for growth-and-income investors comfortable with market-level volatility.
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 directly to the income generated by its underlying Russell Midcap Index holdings, supplemented by securities lending income, which provides an additional revenue stream. Fidelity Mid Cap Index dividend safety is therefore a function of the income produced by those holdings, and because mid-cap equity dividends can fluctuate with earnings cycles, the annual payout has varied meaningfully from year to year across the available 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 is a partial year and not used in the CAGR calculation). The largest single-year jump in the window was 75.2% in 2021. That kind of growth rate is meaningful in dollar terms over a decade, but the path was uneven: the history includes at least one year-over-year decline exceeding 5%, so investors should not expect a straight-line climb.
| 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) |
FSMDX fits growth-and-income investors who prioritize dividend growth over current yield. At 0.74%, the yield is low (below 2%), and it sits well below the fund's own 5-year average of 1.47%, which means income at today's price is thin by the fund's own historical standards. The 11.6% annual CAGR from 2012 to 2024 is the real draw here. What an investor gets is meaningful long-run dividend growth driven by a diversified mid-cap equity portfolio. The trade-off is accepting a low starting yield and year-to-year payout variability, since distributions depend on the income generated by underlying holdings rather than a fixed corporate dividend policy.
| 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 |
| Year | Total Dividends |
|---|---|
| 2025 | $0.4070 |
| 2024 | $0.7830 |
| 2023 | $0.4170 |
| 2022 | $0.5370 |
| 2021 | $1.0720 |
Project income from FSMDX with the FSMDX dividend calculator or track your full portfolio with the dividend tracker.