VFIIX Dividend Yield 2026: Vanguard GNMA Inv

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Data last updated: Oct 26, 2026

Snapshot (as of Oct 26, 2026): Vanguard GNMA Inv (VFIIX) pays a $0.00 annual dividend, yielding 3.82% at $9.11/share. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.82%

Annual Dividend: $0.00 per share

Dividend Frequency: monthly

Years of Dividend History: 47

About Vanguard GNMA Inv Dividend

Vanguard GNMA Inv dividend income comes from a fund that puts at least 80% of its assets into GNMA pass-through certificates, fixed income securities backed by the full faith and credit of the U.S. government. The current yield stands at 3.89%, paid monthly. VFIIX carries 47 years of dividend history, a rare depth of record for a fixed income fund. That combination of government-backed holdings and monthly income makes it a natural fit for income-focused investors who prioritize payment regularity.

Dividend Safety

Vanguard GNMA Inv dividend safety is determined by the distributions generated from the underlying pool of GNMA mortgage certificates, not by corporate earnings, so payout ratio is not applicable (fund/ETF). The most data-supported pressure point is the fund's long-term dividend trend: the per-share annual payment has declined from $0.5200 in 2006 to $0.3434 in 2025, a -2.2% CAGR, reflecting how interest rate environments directly shape what GNMA pools return to shareholders over time.

Vanguard GNMA Inv (VFIIX) Dividend Growth Rate, CAGR, and History

Vanguard GNMA Inv dividend history shows a CAGR of -2.2% per year from 2006 to 2025. Per-share payments fell from $0.5200 to $0.3434 over that window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 39.8% in 2023, but the history table also contains multiple year-over-year declines exceeding 5%, so growth is neither linear nor reliable.

Vanguard GNMA Inv Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+16.7%	$0.22 (2022)	$0.34 (2025)
5-Year	+11.3%	$0.20 (2020)	$0.34 (2025)
10-Year	+2.0%	$0.28 (2015)	$0.34 (2025)

Is Vanguard GNMA Inv a Good Dividend Stock?

VFIIX fits income-focused investors who want monthly cash flow from government-backed securities and can accept that the per-share payment has trended lower over the long run. The current yield of 3.89% falls in the moderate (2–4%) range, which is meaningful for a fixed income fund but comes with a trade-off: the -2.2% annual CAGR since 2006 means the dollar amount paid per share has eroded over time. Four consecutive years of increases through 2025 show recent momentum, but the broader history includes meaningful declines. What an investor gets here is U.S. government credit quality and monthly income; what they accept is a payment level that moves with interest rates, not corporate growth.

Recent Vanguard GNMA Inv Dividend Payments

Payment Date	Amount per Share
2026-09-30	$0.0300
2026-08-31	$0.0294
2026-07-31	$0.0292
2026-06-30	$0.0288
2026-05-29	$0.0290
2026-04-30	$0.0292
2026-03-31	$0.0289
2026-02-27	$0.0286
2026-01-30	$0.0289
2025-12-31	$0.0294

Vanguard GNMA Inv Annual Dividend History

Year	Total Dividends
2026	$0.2620
2025	$0.3434
2024	$0.3265
2023	$0.3019
2022	$0.2159

Frequently Asked Questions

How often does VFIIX pay dividends?

Vanguard GNMA Inv (VFIIX) pays dividends monthly — 12 times per year.

Does VFIIX pay monthly dividends?

Yes — Vanguard GNMA Inv (VFIIX) pays dividends every month.

What is VFIIX's dividend yield?

Vanguard GNMA Inv (VFIIX) currently yields 3.82% based on the annual dividend rate and today's share price.

Has Vanguard GNMA Inv ever cut its dividend?

Yes, the available history shows multiple year-over-year declines. For example, the annual payment dropped from $0.3700 in 2012 to $0.2320 in 2013, and from $0.2910 in 2019 to $0.2010 in 2020, both exceeding 5% declines.

How fast has Vanguard GNMA Inv grown its dividend?

The compound annual growth rate (CAGR) for Vanguard GNMA Inv is -2.2% per year from 2006 to 2025, meaning the per-share payment has declined on a long-term basis despite recent annual increases.

Is Vanguard GNMA Inv a good dividend stock for income investors?

VFIIX offers a 3.89% yield paid monthly, backed by GNMA certificates with U.S. government credit support. The trade-off is a long-term declining payment trend, with a -2.2% CAGR since 2006, which income investors should weigh against the payment frequency and credit quality.

What type of investor is Vanguard GNMA Inv best suited for?

Vanguard GNMA Inv suits income-focused investors who prioritize monthly cash flow and U.S. government credit backing over dividend growth. The 47-year dividend history and four consecutive years of recent increases appeal to investors who value payment regularity over per-share growth.

Is Vanguard GNMA Inv dividend safe?

Payout ratio is not applicable for this fund. The dividend level depends on what the underlying GNMA mortgage pool generates, and the history shows the payment can and does decline, most notably during periods when the -2.2% long-term CAGR reflects sustained rate-driven compression.

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