GFAFX Dividend Yield 2026: The Growth Fund of America Class F-1 Shares

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): The Growth Fund of America Class F-1 Shares (GFAFX) pays a $8.56 annual dividend, yielding 9.75% at $87.73/share. Next ex-dividend date 2025-12-17. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 9.75%

Annual Dividend: $8.56 per share

Ex-Dividend Date: 2025-12-17

Sector: Financial Services

Years of Dividend History: 25

About The Growth Fund of America Class F-1 Shares Dividend

The Growth Fund of America Class F-1 Shares dividend comes from a fund focused on capital appreciation, investing primarily in common equities with up to 25% of assets in non-U.S. securities. The current yield stands at 9.75%, with trailing annual payments of $8.5560 per share over the past twelve months. GFAFX uses a multi-manager structure, splitting the portfolio across individual managers, each overseeing a distinct segment. That yield level makes this fund most relevant to income investors who can accept variable distributions tied to equity market performance.

Dividend Safety

The Growth Fund of America Class F-1 Shares pays out dividends where the payout ratio is classified as not applicable (fund/ETF), as distributions reflect realized gains and income from the underlying equity portfolio rather than a fixed earnings figure. The Growth Fund of America Class F-1 Shares dividend safety is therefore tied directly to portfolio performance, since the fund's multi-manager equity structure means distributions fluctuate with capital gains activity rather than a predictable earnings stream. The most significant pressure factor is the fund's beta of 1.142, meaning the portfolio moves more than the broader market, which can compress distributable gains in down years.

The Growth Fund of America Class F-1 Shares (GFAFX) Dividend Growth Rate, CAGR, and History

The Growth Fund of America Class F-1 Shares dividend history shows a CAGR of 16.2% per year from 2005 to 2025. Per-share payments grew from $0.4217 in 2005 to $8.5560 in 2025, a substantial increase in absolute dollar terms over two decades. The largest single-year jump in the window was 915.8% in 2013, which reflects the equity-gain-driven nature of the distributions rather than a steady compounding pattern. The data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.

The Growth Fund of America Class F-1 Shares Dividend Growth Rate (CAGR)

Period	CAGR	From	To
5-Year	+24.5%	$2.87 (2020)	$8.56 (2025)
10-Year	+8.9%	$3.64 (2015)	$8.56 (2025)

Is The Growth Fund of America Class F-1 Shares a Good Dividend Stock?

GFAFX fits dividend investors who prioritize current income over predictability, given its yield classification of high (above 4%) and a current yield of 9.75% that runs well above its 5-year average of 6.34%. The fund's equity-focused, multi-manager structure means distributions are driven by realized gains, not a fixed payout policy, so year-to-year income can swing materially. Two consecutive years of dividend increases is a short streak, and the historical record includes meaningful year-over-year declines. What an investor gets here is an elevated current yield with 20 years of distribution history; what they accept is significant variability in the annual payout amount.

Recent The Growth Fund of America Class F-1 Shares Dividend Payments

Payment Date	Amount per Share
2025-12-17	$8.5560
2024-12-18	$6.6480
2023-12-15	$4.6407
2022-12-16	$1.9728
2021-12-17	$6.0140
2020-12-18	$2.8661
2019-12-20	$3.6245
2018-12-21	$5.0768
2017-12-20	$3.4346
2016-12-21	$2.7576

The Growth Fund of America Class F-1 Shares Annual Dividend History

Year	Total Dividends
2025	$8.5560
2024	$6.6480
2023	$4.6407
2022	$1.9728
2021	$6.0140

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.04% yield)
• JPM — JPMorgan Chase & Co. (1.67% yield)
• IVV — iShares Core S&P 500 ETF (1.06% yield)

Frequently Asked Questions

Does GFAFX pay dividends?

Yes, The Growth Fund of America Class F-1 Shares (GFAFX) pays a $8.56 annual dividend per share, yielding 9.75%.

What is The Growth Fund of America Class F-1 Shares's current dividend yield?

The current GFAFX dividend yield is 9.75%, based on trailing annual payments of $8.5560 per share. That yield sits meaningfully above the fund's 5-year average of 6.34%, indicating the current distribution level is elevated relative to recent history.

Has The Growth Fund of America Class F-1 Shares ever cut its dividend?

The available history shows at least one year-over-year decline exceeding 5% within the 2005-2025 window, so the dividend has not been uninterrupted. The data covers 20 years, and distributions have varied considerably from year to year given the fund's equity-gain-driven structure.

How fast has The Growth Fund of America Class F-1 Shares grown its dividend?

The Growth Fund of America Class F-1 Shares has grown its dividend at a compound annual growth rate (CAGR) of 16.2% per year from 2005 to 2025. That figure reflects the full 20-year window and includes years with sharp swings in both directions.

Is The Growth Fund of America Class F-1 Shares a good dividend stock for income investors?

The fund carries a high (above 4%) yield classification at 9.75%, which is attractive for income investors. However, distributions are tied to realized equity gains across a multi-manager portfolio, meaning annual payouts can vary substantially, which limits income predictability.

Is The Growth Fund of America Class F-1 Shares dividend safe?

The payout ratio is not applicable (fund/ETF), so traditional safety metrics do not apply. The fund's beta of 1.142 and its equity-gain-driven distribution model mean payouts are exposed to market downturns, and the historical record includes years with significant year-over-year declines.

How does The Growth Fund of America Class F-1 Shares compare to its own historical yield?

The current yield of 9.75% is well above the 5-year average of 6.34%, placing it at the high end of its own recent range. Income investors looking at GFAFX stock today are receiving a yield that is roughly 54% above the fund's recent average.

What type of investor is The Growth Fund of America Class F-1 Shares best suited for?

The Growth Fund of America Class F-1 Shares suits income investors who can tolerate variable annual distributions in exchange for a high current yield. The fund's equity-focused, multi-manager structure and beta above 1.0 make it less appropriate for investors who require predictable, stable income.

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