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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) pays a $0.41 annual dividend ($0.04 monthly), yielding 4.06% at $10.12/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.06%
Annual Dividend: $0.41 per share
Ex-Dividend Date: 2026-08-31
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 25
The Vanguard Short-Term Bond Index Fund Admiral Shares dividend comes from a passively managed fund holding roughly 70% U.S. government securities and 30% investment-grade corporate bonds, all with maturities of one to five years. VBIRX currently yields 4.06%, with a trailing annual dividend rate of $0.4112 per share paid monthly. The next ex-dividend date is August 31, 2026. With a beta of 0.38, this fund carries low price volatility, making it a fit for income-focused investors who prioritize capital preservation over growth.
Vanguard Short-Term Bond Index Fund Admiral Shares pays out dividends sourced directly from bond interest income, and the payout ratio is classified as not applicable (fund/ETF). Vanguard Short-Term Bond Index Fund Admiral Shares dividend safety rests on the fund's allocation to U.S. government securities and investment-grade corporate bonds, both of which generate predictable coupon income. The primary pressure point is interest rate risk: the fund's own description warns that rising or falling rates can reduce income generated over time, which means the monthly payment is not fixed and will shift with the rate environment.
Vanguard Short-Term Bond Index Fund Admiral Shares dividend history shows a CAGR of 0.5% per year from 2005 to 2025. Per-share annual dividends moved from $0.3580 to $0.3963 over that span (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 71.9% in 2023, reflecting how sharply income jumped as interest rates rose, but the 20-year CAGR of 0.5% makes clear that growth is slow across the full period. The history also contains at least one year-over-year decline exceeding 5%, so the payment is not on a straight upward path.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +40.9% | $0.14 (2022) | $0.40 (2025) |
| 5-Year | +15.5% | $0.19 (2020) | $0.40 (2025) |
| 10-Year | +11.3% | $0.14 (2015) | $0.40 (2025) |
VBIRX fits income-focused investors who want monthly cash flow from U.S. government and investment-grade corporate bonds without taking on significant price risk. The current yield is classified as high (above 4%), and it sits well above the fund's own 5-year average yield of 2.52%, reflecting the higher interest rate environment of recent years. The trade-off is clear: long-term dividend growth is essentially flat at 0.5% per year, so purchasing power from the income stream does not compound meaningfully. What investors get is a low-beta, monthly-paying income source; what they accept is a payout that moves with interest rates rather than growing through business expansion.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $0.0353 |
| 2026-07-31 | $0.0353 |
| 2026-06-30 | $0.0340 |
| 2026-05-29 | $0.0351 |
| 2026-04-30 | $0.0339 |
| 2026-03-31 | $0.0350 |
| 2026-02-27 | $0.0317 |
| 2026-01-30 | $0.0349 |
| 2025-12-31 | $0.0349 |
| 2025-11-28 | $0.0335 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2752 |
| 2025 | $0.3963 |
| 2024 | $0.3405 |
| 2023 | $0.2434 |
| 2022 | $0.1416 |
Project income from VBIRX with the VBIRX dividend calculator or track your full portfolio with the dividend tracker.