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Data last updated: Oct 01, 2026
Snapshot (as of Oct 01, 2026): Fidelity Mid Cap Index (FSMDX) pays a $0.32 annual dividend, yielding 0.78% at $41.31/share. Next ex-dividend date 2025-12-19. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.78%
Annual Dividend: $0.32 per share
Ex-Dividend Date: 2025-12-19
Dividend Frequency: semi-annually
Sector: Financial Services
Years of Dividend History: 15
The Fidelity Mid Cap Index dividend comes from a fund that keeps at least 80% of its assets in securities included in the Russell Midcap Index, with additional income earned through securities lending. FSMDX currently yields 0.76%, with a trailing annual dividend rate of $0.3220 per share paid semi-annually. The next ex-dividend date is December 19, 2025. That yield is low in absolute terms, but the fund's 11.6% dividend CAGR over 12 years makes it a better fit for growth-and-income investors than pure income seekers.
Fidelity Mid Cap Index pays out dividends as a fund, so a traditional payout ratio is not applicable (fund/ETF). The dividend is funded by income generated from the underlying Russell Midcap Index holdings and from securities lending activity, both of which fluctuate with market conditions. Fidelity Mid Cap Index dividend safety is therefore tied to the income produced by roughly 800 mid-cap securities, and years like 2018 and 2020 show that distributions can decline when that income contracts.
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 excluded from the growth calculation). The largest single-year jump in the window was 75.2% in 2021, but the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| 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 can accept a low current yield in exchange for above-average dividend growth. The yield classification is low (below 2%), and at 0.76% today it sits well below the fund's own 5-year average of 1.52%, meaning recent income is thin by the fund's own standards. What the fund offers instead is a long-run growth rate of 11.6% per year, driven by exposure to the broad Russell Midcap Index. The trade-off is clear: income today is modest, and distributions can pull back in weaker market environments, as the history table shows.
| 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.