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Data last updated: Oct 19, 2026
Dividend Yield: 1.41%
Dividend Frequency: quarterly
Years of Dividend History: 19
Vanguard Morningstar Mega Cap Value ETF dividend comes from a fund that tracks a float-adjusted, market-cap-weighted index of mega-capitalization value stocks in the United States. MGV holds each stock in approximately the same proportion as its weighting in the index, giving investors broad exposure to large-scale domestic value equities. The current yield sits at 1.91%, which is low by income standards but backed by 14 years of dividend history. Dividend investors focused on long-term growth rather than immediate income are the natural fit here.
Vanguard Morningstar Mega Cap Value ETF dividend safety depends on the aggregate distributions paid by the underlying mega-cap value stocks in the index, not on a single company's earnings or cash flow. Payout ratio is not applicable (fund/ETF), since MGV passes through what its holdings pay rather than managing a corporate payout. The most data-supported pressure point is a year-over-year decline: 2020 saw per-share dividends drop from $2.3427 to $2.1413, a fall of roughly 8.6%, showing that distributions can pull back when underlying holdings reduce their own payouts.
Vanguard Morningstar Mega Cap Value ETF dividend history shows a CAGR of 7.5% per year from 2011 to 2025. Per-share dividends grew from $1.0490 to $2.8818 over that window (2026 is a partial year and excluded from this calculation). The largest single-year jump was 23.9% in 2019, while the fund has posted five consecutive years of dividend increases through the most recent complete data.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.5% | $2.52 (2022) | $2.88 (2025) |
| 5-Year | +6.1% | $2.14 (2020) | $2.88 (2025) |
| 10-Year | +6.6% | $1.53 (2015) | $2.88 (2025) |
MGV fits dividend investors who accept a low (below 2%) current yield in exchange for a long-run growth rate of 7.5% per year. The fund tracks mega-cap U.S. value stocks, so the dividend level is entirely a function of what those underlying companies pay out. There is no payout ratio to evaluate, and the 5-year average yield is not available for direct comparison. The trade-off is straightforward: the income today is modest, but the per-share dividend has nearly tripled since 2011, from $1.0490 to $2.8818. Investors who prioritize growing income over time get that here; investors who need a higher starting yield do not.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.7244 |
| 2026-06-26 | $0.7320 |
| 2026-03-27 | $0.7946 |
| 2025-12-22 | $0.8171 |
| 2025-09-29 | $0.7026 |
| 2025-06-30 | $0.6783 |
| 2025-03-27 | $0.6838 |
| 2024-12-23 | $0.7248 |
| 2024-09-26 | $0.7228 |
| 2024-06-27 | $0.7344 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2510 |
| 2025 | $2.8818 |
| 2024 | $2.8804 |
| 2023 | $2.7070 |
| 2022 | $2.5230 |
Project income from MGV with the MGV dividend calculator or track your full portfolio with the dividend tracker.