HACAX Dividend Yield 2026: Harbor Capital Appreciation Fund Institutional Class

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Data last updated: Jul 06, 2026

Snapshot (as of Jul 06, 2026): Harbor Capital Appreciation Fund Institutional Class (HACAX) pays a $13.12 annual dividend ($3.28 quarterly), yielding 10.73% at $122.32/share. Next ex-dividend date 2025-12-11. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 10.73%

Annual Dividend: $13.12 per share

Ex-Dividend Date: 2025-12-11

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 36

About Harbor Capital Appreciation Fund Institutional Class Dividend

Harbor Capital Appreciation Fund Institutional Class dividend currently yields 10.73%, paid by a fund that targets U.S. mid- and large-cap growth companies with market capitalizations of at least $1 billion at purchase. HACAX pays quarterly, with the last dividend at $13.1201 per share and an ex-dividend date of December 11, 2025. The trailing annual dividend rate matches the forward rate at $13.1201 per share. Income investors drawn to high-yield equity funds will find the 10.73% yield notable, though the fund's beta of 1.27 signals above-average price volatility.

Dividend Safety

Harbor Capital Appreciation Fund Institutional Class pays out dividends at a payout ratio classified as not applicable (fund/ETF), meaning traditional earnings-based payout analysis does not apply here. Harbor Capital Appreciation Fund Institutional Class dividend safety is shaped instead by the fund's portfolio performance: distributions reflect realized capital gains and income generated by its holdings in U.S. growth equities, which can swing sharply year to year. The history table confirms this directly, with annual payments ranging from $0.0870 in 2009 to $18.7854 in 2021, a spread that shows how dependent the payout is on market conditions rather than a fixed earnings stream.

Harbor Capital Appreciation Fund Institutional Class (HACAX) Dividend Growth Rate, CAGR, and History

Harbor Capital Appreciation Fund Institutional Class dividend history shows a CAGR of 25.6% per year from 2004 to 2025. Per-share payments grew from $0.1100 in 2004 to $13.1201 in 2025 (the 2026 figure is partial and excluded from this calculation). The largest annual increase in the window was 949.7% in 2013, and the data block also flags at least one year-over-year decline exceeding 5%, which reflects the gain-driven nature of the distributions rather than a managed, incremental growth program.

Harbor Capital Appreciation Fund Institutional Class Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+0.9%	$12.77 (2020)	$13.12 (2025)
5-Year	+14.1%	$6.79 (2018)	$13.12 (2025)
10-Year	+22.2%	$1.77 (2013)	$13.12 (2025)

Is Harbor Capital Appreciation Fund Institutional Class a Good Dividend Stock?

HACAX fits dividend investors who can tolerate significant year-to-year payment swings in exchange for a high current yield. The yield classification is high (above 4%), sitting at 10.73% today, which is below the 5-year average of 12.06% and points to distributions that move with the fund's realized gains rather than a predictable income schedule. The fund holds no consecutive years of dividend increases, so income predictability is limited. What an investor gets is exposure to a growth-equity portfolio with historically large distributions; what they accept is a payout that can drop sharply when market conditions shift.

Recent Harbor Capital Appreciation Fund Institutional Class Dividend Payments

Payment Date	Amount per Share
2025-12-11	$13.1201
2024-12-20	$12.3607
2021-12-20	$18.7854
2020-12-17	$12.7650
2019-12-16	$6.7240
2018-12-17	$6.7950
2017-12-18	$8.0270
2016-12-19	$3.5490
2015-12-17	$4.1560
2014-12-18	$3.8140

Harbor Capital Appreciation Fund Institutional Class Annual Dividend History

Year	Total Dividends
2025	$13.1201
2024	$12.3607
2021	$18.7854
2020	$12.7650
2019	$6.7240

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.04% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.08% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.10% yield)
• FXAIX — Fidelity 500 Index Fund (1.06% yield)

Frequently Asked Questions

How often does Harbor Capital Appreciation Fund Institutional Class pay dividends?

Harbor Capital Appreciation Fund Institutional Class pays dividends quarterly. The last dividend was $13.1201 per share, with an ex-dividend date of December 11, 2025.

What is Harbor Capital Appreciation Fund Institutional Class's current dividend yield?

The current HACAX dividend yield is 10.73%. That sits below the fund's 5-year average yield of 12.06%, reflecting year-to-year variation in distributions tied to portfolio gains.

Has Harbor Capital Appreciation Fund Institutional Class ever cut its dividend?

Yes, the available history shows at least one year-over-year decline exceeding 5%. For example, payments dropped from $4.1560 in 2015 to $3.5490 in 2016, and from $18.7854 in 2021 to lower levels in subsequent years.

How fast has Harbor Capital Appreciation Fund Institutional Class grown its dividend?

HACAX has grown its dividend at a compound annual growth rate (CAGR) of 25.6% per year from 2004 to 2025. Per-share payments rose from $0.1100 to $13.1201 over that period, though the path included sharp declines in some years.

Is Harbor Capital Appreciation Fund Institutional Class a good dividend stock for income investors?

The 10.73% yield is high (above 4%), which appeals to income-focused investors. However, the fund has zero consecutive years of dividend increases and a history of large swings, so it does not suit investors who need predictable, stable income.

What type of investor is Harbor Capital Appreciation Fund Institutional Class best suited for?

HACAX fits investors who prioritize high current yield over payment predictability. The fund's beta of 1.27 and volatile distribution history make it better suited for investors comfortable with year-to-year income variation tied to equity market performance.

How does Harbor Capital Appreciation Fund Institutional Class compare to its own historical yield?

The current yield of 10.73% is below the 5-year average of 12.06%, meaning today's income rate is lower than what the fund has delivered on average over the past five years.

Latest HACAX News

• Harbor Capital Appreciation Fund Q3 2025 Commentary (HACAX) - Seeking Alpha — Seeking Alpha
• 20 Funds for Investors to Consider in 2023 - Morningstar — Morningstar
• Only 3 of the Top 20 Mutual Funds Are Beating the Market. Here’s How They Do It. - Barron's — Barron's

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