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Data last updated: Aug 10, 2026
Snapshot (as of Aug 10, 2026): Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) pays a $0.48 annual dividend ($0.04 monthly), yielding 4.64% at $10.35/share. Next ex-dividend date 2026-07-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.64%
Annual Dividend: $0.48 per share
Ex-Dividend Date: 2026-07-31
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 45
Vanguard Short-Term Investment-Grade Fund Investor Shares dividend comes from a portfolio of investment-grade corporate debt, securitized consumer credit, and U.S. government bonds with short durations. The fund currently yields 4.64%, with a trailing annual dividend rate of $0.4806 per share paid monthly. The next ex-dividend date is July 31, 2026. With a beta of 0.4, VFSTX carries low price sensitivity to broader market swings, which suits income-focused investors who want yield without heavy equity-like volatility.
Vanguard Short-Term Investment-Grade Fund Investor Shares pays out dividends as a pass-through from its bond portfolio, making a traditional payout ratio not applicable (fund/ETF). Vanguard Short-Term Investment-Grade Fund Investor Shares dividend safety is directly tied to the income generated by its holdings in investment-grade corporate debt, securitized consumer credit, and government bonds, all of which carry relatively low default risk by mandate. The primary pressure point is interest rate risk: rising rates reduce the market value of the bonds in the portfolio, which can compress both share price and the income the fund distributes.
Vanguard Short-Term Investment-Grade Fund Investor Shares dividend history shows a CAGR of 1.1% per year from 2005 to 2025. Per-share payments moved from $0.3810 to $0.4711 over that span (2026 is a partial year and excluded from this calculation). Growth has been anything but linear: the dividend fell sharply in multiple years, including a drop from $0.2790 in 2018 to $0.2470 in 2020, then rebounded 62.9% in 2023 alone. That kind of volatility reflects how directly VFSTX distributions track the interest rate environment rather than a company's earnings growth.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +34.9% | $0.19 (2022) | $0.47 (2025) |
| 5-Year | +13.8% | $0.25 (2020) | $0.47 (2025) |
| 10-Year | +8.4% | $0.21 (2015) | $0.47 (2025) |
VFSTX fits income-focused investors who want a yield well above money market rates and can accept some principal fluctuation. At 4.64%, the current yield is classified as high (above 4%), and it sits meaningfully above the fund's own 5-year average of 3.08%, reflecting the higher rate environment that has lifted income from its investment-grade bond portfolio. The trade-off is real: this is not a dividend grower in any meaningful sense, with a 20-year CAGR of just 1.1%, and distributions have declined in multiple years when rates fell. What VFSTX offers is current income from a low-volatility, short-duration bond fund. What it does not offer is dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-31 | $0.0412 |
| 2026-06-30 | $0.0408 |
| 2026-05-29 | $0.0408 |
| 2026-04-30 | $0.0406 |
| 2026-03-31 | $0.0402 |
| 2026-02-27 | $0.0389 |
| 2026-01-30 | $0.0394 |
| 2025-12-31 | $0.0395 |
| 2025-11-28 | $0.0393 |
| 2025-10-31 | $0.0395 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2819 |
| 2025 | $0.4711 |
| 2024 | $0.4176 |
| 2023 | $0.3123 |
| 2022 | $0.1917 |
Project income from VFSTX with the VFSTX dividend calculator or track your full portfolio with the dividend tracker.