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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Vanguard Morningstar Small-Cap Value ETF (VBR) pays a $3.13 annual dividend, yielding 1.87% at $236.48/share. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.87%
Annual Dividend: $3.13 per share
Dividend Frequency: annually
Years of Dividend History: 23
The Vanguard Morningstar Small-Cap Value ETF dividend comes from a fund that tracks the CRSP U.S. Small Cap Value Index, holding value-oriented small U.S. company stocks in proportion to their index weightings. VBR currently yields 1.91%, which places it in low-yield territory. The trailing annual dividend rate is $3.13 per share, paid on an annual basis. That yield level makes VBR a better fit for growth-and-income investors than for those seeking immediate income, given the fund's 8.0% dividend CAGR since 2010.
Vanguard Morningstar Small-Cap Value ETF dividend safety depends on the aggregate distributions generated by the underlying CRSP U.S. Small Cap Value Index holdings, not on a single company's earnings or cash flow. Payout ratio is not applicable (fund/ETF), since distributions flow directly from the dividends paid by the small-cap value stocks the fund holds. The most data-supported pressure point is the composition of those holdings: small-cap value companies can reduce or suspend dividends during downturns, as the 2020 data shows, when VBR's annual payment dropped to $2.39 per share from $2.82 the prior year.
Vanguard Morningstar Small-Cap Value ETF dividend history shows a CAGR of 8.0% per year from 2010 to 2025. Per-share payments grew from $1.30 to $4.14 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest single-year jump was 37.9% in 2012. Growth has not been linear: 2013 saw a year-over-year decline from $1.90 to $1.82, and 2020 saw another dip to $2.39 from $2.82, reflecting the sensitivity of small-cap value holdings to economic conditions.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.6% | $3.23 (2022) | $4.14 (2025) |
| 5-Year | +11.6% | $2.39 (2020) | $4.14 (2025) |
| 10-Year | +7.7% | $1.96 (2015) | $4.14 (2025) |
VBR fits growth-and-income investors who can accept a low current yield in exchange for above-average dividend growth from a broadly diversified small-cap value index fund. The yield sits at low (below 2%), which limits its appeal as a pure income source. What the fund delivers instead is an 8.0% annualized growth rate over 15 years, with per-share payments rising from $1.30 to $4.14. The trade-off is clear: investors get meaningful dividend growth from a diversified basket of small U.S. value stocks, but they accept a yield that will not satisfy income-first portfolios.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $1.0300 |
| 2026-09-28 | $1.0300 |
| 2026-06-26 | $1.0904 |
| 2026-03-27 | $1.2437 |
| 2025-12-22 | $1.0562 |
| 2025-09-29 | $0.9279 |
| 2025-06-30 | $0.9108 |
| 2025-03-27 | $1.2422 |
| 2024-12-23 | $1.0911 |
| 2024-09-26 | $0.8700 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.3941 |
| 2025 | $4.1371 |
| 2024 | $3.9201 |
| 2023 | $3.8078 |
| 2022 | $3.2283 |
Project income from VBR with the VBR dividend calculator or track your full portfolio with the dividend tracker.