VFIIX Dividend Yield 2026: Vanguard GNMA Fund Investor Shares

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Data last updated: Aug 03, 2026

Snapshot (as of Aug 03, 2026): Vanguard GNMA Fund Investor Shares (VFIIX) pays a $0.32 annual dividend ($0.03 monthly), yielding 3.43% at $9.28/share. Next ex-dividend date 2026-06-30. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.43%

Annual Dividend: $0.32 per share

Ex-Dividend Date: 2026-06-30

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 47

About Vanguard GNMA Fund Investor Shares Dividend

Vanguard GNMA Fund Investor Shares dividend comes from a bond fund that holds Ginnie Mae (GNMA) securities, government-backed mortgage securities that carry an explicit U.S. government guarantee. The fund currently yields 3.43%, with a trailing annual dividend rate of $0.3179 per share paid monthly. The next ex-dividend date is June 30, 2026. VFIIX suits income-focused investors who want monthly cash flow from government-backed fixed income, given its beta of 1.05 and monthly payment schedule.

Dividend Safety

Vanguard GNMA Fund Investor Shares pays out dividends as a bond fund, making the payout ratio not applicable (fund/ETF). The income stream is backed by Ginnie Mae securities, which carry an explicit U.S. government guarantee on the underlying mortgage-backed securities, providing a degree of structural support for Vanguard GNMA Fund Investor Shares dividend safety. The primary pressure point is prepayment risk: if mortgage refinancing rises broadly, the fund's income stream is likely to decrease, as borrowers pay off the underlying mortgages early and the fund reinvests at potentially lower rates.

Vanguard GNMA Fund Investor Shares (VFIIX) Dividend Growth Rate, CAGR, and History

Vanguard GNMA Fund Investor Shares dividend history shows a CAGR of -2.2% per year from 2006 to 2025. Per-share payments moved from $0.5200 at the start of the window to $0.3434 by 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 39.8% in 2023, but the overall trend across the full period is negative, and the data includes at least one year-over-year decline exceeding 5%.

Vanguard GNMA Fund Investor Shares 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 Fund Investor Shares a Good Dividend Stock?

VFIIX fits income-focused investors who prioritize monthly cash flow from government-backed securities over dividend growth. The current yield of 3.43% sits in the moderate (2-4%) range and runs above the fund's own 5-year average of 2.73%, meaning today's income level is relatively elevated by recent standards. The trade-off is clear: the long-term dividend trend is negative at -2.2% per year, so purchasing power from distributions erodes over time. What an investor gets is monthly income from U.S. government-guaranteed mortgage securities; what they accept is a dividend that has declined in aggregate over the past two decades.

Recent Vanguard GNMA Fund Investor Shares Dividend Payments

Payment Date	Amount per Share
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
2025-11-28	$0.0284
2025-10-31	$0.0287
2025-09-30	$0.0293

Vanguard GNMA Fund Investor Shares Annual Dividend History

Year	Total Dividends
2026	$0.1734
2025	$0.3434
2024	$0.3265
2023	$0.3019
2022	$0.2159

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.05% yield)
• VOO — Vanguard S&P 500 ETF (1.07% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• JPM — JPMorgan Chase & Co. (1.71% yield)
• IVV — iShares Core S&P 500 ETF (1.09% yield)
• FXAIX — Fidelity 500 Index Fund (1.06% yield)

Frequently Asked Questions

How often does Vanguard GNMA Fund Investor Shares pay dividends?

Vanguard GNMA Fund Investor Shares pays dividends monthly. The last dividend amount was $0.0288 per share, with the next ex-dividend date set for June 30, 2026.

What is Vanguard GNMA Fund Investor Shares's current dividend yield?

The current dividend yield is 3.43%, above the fund's 5-year average yield of 2.73%. That gap means income investors are currently getting more per dollar invested than the fund's recent historical norm.

Has Vanguard GNMA Fund Investor Shares ever cut its dividend?

Yes, the available history shows multiple year-over-year declines. Annual dividends fell from $0.3700 in 2012 to $0.2320 in 2013, from $0.2820 in 2015 to $0.2770 in 2017, and from $0.2910 in 2019 to $0.2010 in 2020, among other declines in the data window.

How fast has Vanguard GNMA Fund Investor Shares grown its dividend?

The compound annual growth rate (CAGR) is -2.2% per year from 2006 to 2025. Per-share annual dividends declined from $0.5200 to $0.3434 over that period, meaning the long-term trend is negative despite recent annual increases.

Is Vanguard GNMA Fund Investor Shares a good dividend stock for income investors?

The fund offers a moderate (2-4%) yield of 3.43%, paid monthly, backed by U.S. government-guaranteed Ginnie Mae securities. Income-focused investors who prioritize payment frequency and government backing over dividend growth will find those characteristics here; the long-term dividend trend is negative, which is the primary trade-off.

Is Vanguard GNMA Fund Investor Shares dividend safe?

The underlying Ginnie Mae securities carry an explicit U.S. government guarantee, which supports the income stream. However, prepayment risk is real: widespread mortgage refinancing reduces the fund's income, and the historical data shows multiple years of dividend declines, so the payout is not immune to cuts.

How does Vanguard GNMA Fund Investor Shares compare to its own historical yield?

At 3.43%, the current yield is above the fund's 5-year average of 2.73%. That 70-basis-point gap means the fund is currently paying out more relative to its share price than it has on average over the past five years.

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