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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Harbor Capital Appreciation Fund Institutional Class (HACAX) pays a $13.12 annual dividend ($3.28 quarterly), yielding 10.39% at $126.28/share. Next ex-dividend date 2025-12-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 10.39%
Annual Dividend: $13.12 per share
Ex-Dividend Date: 2025-12-11
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 36
Harbor Capital Appreciation Fund Institutional Class dividend comes from a fund that targets U.S. mid- and large-cap growth companies with market capitalizations of at least $1 billion at purchase. The fund currently pays a 10.39% yield, with a trailing annual rate of $13.1201 per share paid quarterly. The next ex-dividend date is December 11, 2025. A beta of 1.238 means HACAX moves more than the broader market, so this is a high-yield option that carries meaningful price volatility alongside its income.
Harbor Capital Appreciation Fund Institutional Class pays out dividends at a payout ratio classified as not applicable (fund/ETF), since distributions reflect realized capital gains and income from the underlying portfolio rather than a fixed earnings percentage. Harbor Capital Appreciation Fund Institutional Class dividend safety is therefore tied directly to the performance of its equity holdings, which concentrate on U.S. growth companies expected to deliver above-average earnings expansion. The most significant pressure point is that the fund's distributions fluctuate with portfolio gains, and years like 2016 and 2019 already show year-over-year declines, meaning the payout is not insulated from market downturns.
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 (with 2026 currently a partial year). The largest annual increase in the window was 949.7% in 2013, reflecting the highly variable nature of gain-driven distributions rather than a steady corporate dividend policy.
| 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) |
HACAX fits dividend investors who can accept significant year-to-year payment swings in exchange for a high current yield. At high (above 4%), the 10.39% yield is eye-catching, but it sits below the fund's own 5-year average of 11.68%, and the history table includes multiple years of double-digit declines. The fund holds no consecutive years of dividend increases, which separates it sharply from traditional income stocks. What an investor gets here is exposure to a growth-oriented equity portfolio with distributions that can be large when markets cooperate, and meaningfully smaller when they do not.
| 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 |
| Year | Total Dividends |
|---|---|
| 2025 | $13.1201 |
| 2024 | $12.3607 |
| 2021 | $18.7854 |
| 2020 | $12.7650 |
| 2019 | $6.7240 |
Project income from HACAX with the HACAX dividend calculator or track your full portfolio with the dividend tracker.