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Data last updated: Sep 29, 2026
Snapshot (as of Sep 29, 2026): Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) pays a $1.09 annual dividend ($0.26 quarterly), yielding 2.31% at $47.26/share. Next ex-dividend date 2026-09-18. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.31%
Annual Dividend: $1.09 per share
Ex-Dividend Date: 2026-09-18
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 8
Vanguard High Dividend Yield Index Fund Admiral Shares dividend targets U.S. companies that pay above-average dividends, replicating a broad benchmark of domestic income-oriented equities. The fund currently yields 2.27%, with a trailing annual dividend rate of $1.0930 per share paid quarterly. The next ex-dividend date is September 18, 2026. With a beta of 0.743, VHYAX stock moves meaningfully less than the broader market, which suits dividend investors who prioritize lower volatility over maximum price appreciation.
Vanguard High Dividend Yield Index Fund Admiral Shares pays out dividends as a pass-through of underlying holdings' distributions, making a traditional payout ratio not applicable (fund/ETF). Vanguard High Dividend Yield Index Fund Admiral Shares dividend safety rests on the collective dividend-paying capacity of its underlying U.S. equity holdings rather than a single company's earnings. The primary risk is that the fund tilts toward companies with moderate growth profiles, meaning a broad deterioration in dividend payments across those holdings would directly reduce what VHYAX passes through to shareholders.
Vanguard High Dividend Yield Index Fund Admiral Shares dividend history shows a CAGR of 3.6% per year from 2019 to 2025. Per-share payments grew from $0.8480 to $1.0475 over that window (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 0.1% in 2025, which shows growth has not been uniform, and income investors should not expect the 7.1% jump seen in 2023 to be the norm.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.5% | $0.97 (2022) | $1.05 (2025) |
| 5-Year | +3.8% | $0.87 (2020) | $1.05 (2025) |
VHYAX fits dividend investors who want broad U.S. equity income exposure with below-market volatility. The current yield of 2.27% is moderate (2–4%) and sits above the fund's 5-year average of 2.1%, meaning today's income rate is slightly better than recent norms. Growth has been real but slow, averaging 3.6% per year since 2019, and the fund's tilt toward lower-growth, higher-yielding companies means it tends to lag in strong bull markets. The trade-off is clear: investors get a lower-volatility income stream backed by a diversified basket of U.S. dividend payers, but they accept limited price upside and modest dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-18 | $0.2625 |
| 2026-06-18 | $0.2905 |
| 2026-03-20 | $0.2564 |
| 2025-12-19 | $0.2836 |
| 2025-09-19 | $0.2517 |
| 2025-06-20 | $0.2580 |
| 2025-03-21 | $0.2542 |
| 2024-12-20 | $0.2888 |
| 2024-09-20 | $0.2547 |
| 2024-06-21 | $0.3070 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8094 |
| 2025 | $1.0475 |
| 2024 | $1.0465 |
| 2023 | $1.0430 |
| 2022 | $0.9740 |
Project income from VHYAX with the VHYAX dividend calculator or track your full portfolio with the dividend tracker.