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Data last updated: Oct 17, 2026
Dividend Yield: 0.20%
Years of Dividend History: 24
The VanEck Semiconductor ETF dividend reflects the aggregate distributions from a portfolio of U.S. exchange-listed semiconductor companies, including both domestic and foreign firms. SMH currently yields 0.18%, placing it firmly in low-yield territory. The fund is non-diversified, meaning its payouts are shaped by a concentrated set of holdings rather than broad market exposure. For income investors, that yield is minimal — the real case for SMH rests on dividend growth over time, not current income.
VanEck Semiconductor ETF dividend safety depends on the aggregate distributions paid by the underlying semiconductor holdings, not a corporate earnings stream, making payout ratio not applicable (fund/ETF). The most data-supported pressure point is distribution volatility: the annual dividend per share has declined year-over-year multiple times within the available history, including a drop from $1.2005 in 2022 to $1.0427 in 2023, reflecting how sensitive semiconductor company payouts are to industry cycles.
VanEck Semiconductor ETF dividend history shows a CAGR of 8.2% per year from 2006 to 2025. Per-share dividends grew from $0.2490 to $1.1047 over that span (2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 621.3% in 2011, which skews the long-run average and is not representative of typical year-to-year movement.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -2.7% | $1.20 (2022) | $1.10 (2025) |
| 5-Year | +8.0% | $0.75 (2020) | $1.10 (2025) |
| 10-Year | +6.8% | $0.57 (2015) | $1.10 (2025) |
SMH fits growth-and-income investors who treat dividend growth as the primary metric and accept minimal current income. The yield is low (below 2%), at just 0.18% today, so this is not a stock for investors who need meaningful quarterly cash flow. What the fund offers instead is an 8.2% annualized dividend growth rate over nearly two decades, driven by a concentrated portfolio of semiconductor companies. The trade-off is real: year-over-year distribution declines have occurred, and the non-diversified structure amplifies that volatility. An investor in SMH stock gets long-run growth potential with irregular, sometimes declining, annual payouts along the way.
| Payment Date | Amount per Share |
|---|---|
| 2025-12-22 | $1.1047 |
| 2024-12-23 | $1.0713 |
| 2023-12-18 | $1.0427 |
| 2022-12-19 | $1.2005 |
| 2021-12-20 | $0.7865 |
| 2020-12-21 | $0.7511 |
| 2019-12-23 | $1.0611 |
| 2018-12-20 | $0.8190 |
| 2017-12-18 | $0.6980 |
| 2016-12-19 | $0.2880 |
| Year | Total Dividends |
|---|---|
| 2025 | $1.1047 |
| 2024 | $1.0713 |
| 2023 | $1.0427 |
| 2022 | $1.2005 |
| 2021 | $0.7865 |
Project income from SMH with the SMH dividend calculator or track your full portfolio with the dividend tracker.