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Data last updated: Sep 29, 2026
Snapshot (as of Sep 29, 2026): Vanguard Morningstar Mega Cap Growth ETF (MGK) pays a $0.37 annual dividend ($0.08 quarterly), yielding 0.40% at $92.22/share. Next ex-dividend date 2026-09-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.40%
Annual Dividend: $0.37 per share
Ex-Dividend Date: 2026-09-28
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 19
The Vanguard Morningstar Mega Cap Growth ETF dividend reflects a fund built to track the CRSP US Mega Cap Growth Index, holding every constituent through a full-replication strategy. MGK currently yields 0.32%, with a trailing annual dividend rate of $0.2934 per share paid quarterly. The next ex-dividend date is June 26, 2026, and the last quarterly payment was $0.0835 per share. With a beta of 1.28, MGK carries above-average price volatility, making it a growth-oriented holding rather than a pure income play.
Vanguard Morningstar Mega Cap Growth ETF pays out dividends as a pass-through of income generated by its underlying holdings, with a payout ratio classified as not applicable (fund/ETF). Vanguard Morningstar Mega Cap Growth ETF dividend safety is structurally tied to the dividend income produced by the mega-cap growth companies the fund holds, not to a corporate earnings target. The most significant pressure on the payout is the fund's growth-stock mandate: large-cap growth companies typically reinvest earnings rather than distribute them, which keeps the income stream modest and subject to year-over-year variation.
Vanguard Morningstar Mega Cap Growth ETF dividend history shows a CAGR of 6.3% per year from 2010 to 2025. Per-share payments grew from $0.1164 to $0.2902 over that window (2026 is a partial year and excluded from the growth calculation). The largest single-year jump in the window was 41.3% in 2012, but the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.5% | $0.24 (2022) | $0.29 (2025) |
| 5-Year | +1.9% | $0.26 (2020) | $0.29 (2025) |
| 10-Year | +2.0% | $0.24 (2015) | $0.29 (2025) |
MGK fits investors who want exposure to large U.S. growth companies and are willing to accept a minimal income stream in exchange. The yield is low (below 2%), currently at 0.32%, which sits slightly above the 5-year average of 0.29% but remains negligible for income-focused portfolios. Four consecutive years of dividend increases show a recent upward trend, but the history includes meaningful year-over-year declines, so the payout is not predictable in the way a traditional income stock's would be. The trade-off is clear: MGK offers broad mega-cap growth exposure with a token dividend, not a meaningful income stream.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.0765 |
| 2026-06-26 | $0.0835 |
| 2026-03-27 | $0.0643 |
| 2025-12-22 | $0.0786 |
| 2025-09-29 | $0.0670 |
| 2025-06-30 | $0.0767 |
| 2025-03-27 | $0.0679 |
| 2024-12-23 | $0.0982 |
| 2024-09-26 | $0.0748 |
| 2024-06-27 | $0.0617 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2243 |
| 2025 | $0.2902 |
| 2024 | $0.2950 |
| 2023 | $0.2603 |
| 2022 | $0.2400 |
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