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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Vanguard Morningstar Mega Cap Value ETF (MGV) pays a $3.05 annual dividend ($0.73 quarterly), yielding 1.81% at $167.94/share. Next ex-dividend date 2026-06-26. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.81%
Annual Dividend: $3.05 per share
Ex-Dividend Date: 2026-06-26
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 19
The Vanguard Morningstar Mega Cap Value ETF dividend comes from a passively managed fund that tracks the CRSP US Mega Cap Value Index, giving investors broad exposure to the largest value-oriented companies in the U.S. stock market. MGV currently pays a 1.81% dividend yield, with a trailing annual rate of $3.0463 per share paid quarterly. The next ex-dividend date is June 26, 2026, with the most recent quarterly payment at $0.7320 per share. A beta of 0.65 means MGV moves less than the broader market, which suits income investors who prioritize lower volatility over maximum yield.
Vanguard Morningstar Mega Cap Value ETF pays out dividends as a pass-through of income generated by its underlying holdings, making a traditional payout ratio not applicable (fund/ETF). Vanguard Morningstar Mega Cap Value ETF dividend safety is structurally tied to the income produced by its portfolio of large-cap U.S. value stocks, rather than a single company's earnings. The primary risk to the payout is a broad decline in dividends across those underlying holdings, which would reduce the income passed through to MGV shareholders.
Over the past 14 years, Vanguard Morningstar Mega Cap Value ETF dividend history shows a CAGR of 7.5% per year from 2011 to 2025. Per-share payments grew from $1.0490 to $2.8818 over that period (2026 is a partial year and excluded from this calculation). The window does include at least one year-over-year decline exceeding 5%, with 2020 dropping to $2.1410 from $2.3430 in 2019, a reminder that pass-through income from underlying holdings can fall in down years. The largest single-year jump was 23.8% in 2019.
| 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 want diversified exposure to large U.S. value companies and can accept a yield classified as low (below 2%). At 1.81%, the current yield sits above its 5-year average of 1.59%, which means income relative to price is modestly better than recent norms. The 7.5% annual growth rate over 14 years is the real draw here: per-share income has nearly tripled since 2011. The trade-off is straightforward. The yield itself is modest, and the fund's income depends entirely on what its underlying holdings pay out, so a broad dividend cut cycle would flow directly through to MGV shareholders.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-03-21 | $0.6984 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5266 |
| 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.