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Data last updated: Jul 06, 2026
Dividend Yield: 7.77%
Annual Dividend: $21.06 per share
Ex-Dividend Date: 2025-12-17
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 25
The Vanguard Capital Opportunity Fund Admiral Shares dividend comes from a fund that invests primarily in U.S. stocks, targeting companies with rapid earnings growth potential across all market caps, with a tilt toward mid-cap names. The current yield stands at 7.77%, well above what most equity funds deliver. VHCAX pays quarterly, with a trailing annual dividend rate of $21.0647 per share and an ex-dividend date of December 17, 2025. That yield level makes this fund most relevant to income investors who can accept the variable distributions that come with a growth-oriented equity portfolio.
Vanguard Capital Opportunity Fund Admiral Shares pays out dividends where the payout ratio is not applicable (fund/ETF), as distributions reflect realized gains and income from underlying holdings rather than a fixed percentage of earnings. Vanguard Capital Opportunity Fund Admiral Shares dividend safety is therefore tied to the performance of its underlying U.S. equity holdings, which the advisor selects based on fundamental research targeting stocks expected to outperform over a three- to five-year horizon. The most significant pressure on the payout is that distributions from a growth-equity fund fluctuate with realized capital gains, meaning the annual dividend per share has swung sharply from year to year across the available history.
Vanguard Capital Opportunity Fund Admiral Shares dividend history shows a CAGR of 18.5% per year from 2005 to 2025. Per-share payments grew from $0.7070 in 2005 to $21.0647 in 2025, a 29-fold increase over two decades. The largest single-year jump in the window was 1,088.2% in 2011, which reflects how distributions from a realized-gains-driven fund can spike dramatically in strong market years rather than compound at a steady rate.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +15.5% | $13.66 (2022) | $21.06 (2025) |
| 5-Year | +5.2% | $16.31 (2020) | $21.06 (2025) |
| 10-Year | +12.7% | $6.39 (2015) | $21.06 (2025) |
VHCAX fits dividend investors who prioritize a high current payout over predictable year-to-year income. The yield is classified as high (above 4%), currently at 7.77%, which sits well above the fund's own 5-year average yield of 5.54%. That gap signals the current distribution is elevated relative to recent norms, not a baseline investors can count on repeating. The fund's growth-equity mandate means distributions are driven by realized gains, so the income stream is inherently lumpy. What an investor gets is a high headline yield backed by a long-running fund with an 18.5% dividend CAGR since 2005. The trade-off is that annual payouts have varied widely, and the next year's distribution depends heavily on how the underlying portfolio performs.
| Payment Date | Amount per Share |
|---|---|
| 2025-12-17 | $21.0647 |
| 2024-12-18 | $15.6044 |
| 2023-12-19 | $4.2960 |
| 2022-12-19 | $13.6632 |
| 2021-12-20 | $20.4325 |
| 2020-12-21 | $16.3140 |
| 2019-12-17 | $10.2260 |
| 2018-12-18 | $16.1500 |
| 2017-12-18 | $6.9800 |
| 2016-12-23 | $7.1370 |
| Year | Total Dividends |
|---|---|
| 2025 | $21.0647 |
| 2024 | $15.6044 |
| 2023 | $4.2960 |
| 2022 | $13.6632 |
| 2021 | $20.4325 |
Project income from VHCAX with the VHCAX dividend calculator or track your full portfolio with the dividend tracker.