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Data last updated: Jul 17, 2026
Snapshot (as of Jul 17, 2026): Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) pays a $14.96 annual dividend ($1.25 monthly), yielding 2.48% at $603.19/share. Next ex-dividend date 2026-06-24. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.48%
Annual Dividend: $14.96 per share
Ex-Dividend Date: 2026-06-24
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 30
The Vanguard Institutional Index Fund Institutional Plus Shares dividend comes from a fund that fully replicates the S&P 500, holding large-cap U.S. stocks without active management. The current yield is 2.54%, with a trailing annual dividend rate of $14.9610 per share paid monthly. The next ex-dividend date is June 24, 2026, and the last payment was $1.8120 per share. VIIIX suits dividend investors who want broad U.S. equity exposure paired with a yield that currently runs above its own 5-year average of 2.25%.
Vanguard Institutional Index Fund Institutional Plus Shares pays out dividends as a pass-through of income generated by its S&P 500 holdings, making the payout ratio not applicable (fund/ETF). Vanguard Institutional Index Fund Institutional Plus Shares dividend safety is therefore tied directly to the aggregate dividend income of the roughly 500 large-cap companies the fund holds, not to a single corporate balance sheet. The most significant pressure on the payout level is any broad decline in dividends across those underlying holdings, since VIIIX has no retained earnings buffer of its own to smooth distributions.
Over the past 15 years, Vanguard Institutional Index Fund Institutional Plus Shares has grown its dividend at 11.9% per year, rising from $2.1450 per share in 2010 to $11.6525 in 2025 (2026 is a partial year and excluded from this calculation). The Vanguard Institutional Index Fund Institutional Plus Shares dividend history also contains at least one year-over-year decline exceeding 5%, so the path was not linear. The largest single-year jump in the window was 90.6% in 2021, which reflects how dramatically the underlying S&P 500 constituents rebuilt their payouts after a prior contraction.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.2% | $10.91 (2022) | $11.65 (2025) |
| 5-Year | +2.7% | $10.19 (2020) | $11.65 (2025) |
| 10-Year | +9.7% | $4.61 (2015) | $11.65 (2025) |
VIIIX fits dividend investors who want exposure to the broad U.S. large-cap market and are comfortable accepting a yield that moves with the collective dividend decisions of S&P 500 companies. The current yield of 2.54% falls in the moderate (2–4%) range and sits above the fund's own 5-year average of 2.25%, which means income buyers are getting a slightly better entry point on yield than the recent norm. The 11.9% annualized dividend growth rate over 15 years is the defining strength here. The trade-off is zero consecutive years of guaranteed increases, since distributions depend entirely on what the underlying 500 companies pay out in any given year.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-24 | $1.8120 |
| 2026-03-24 | $5.5034 |
| 2025-12-23 | $6.1083 |
| 2025-09-24 | $1.5373 |
| 2025-06-26 | $1.5530 |
| 2025-03-25 | $2.4539 |
| 2024-12-30 | $6.6797 |
| 2024-09-27 | $1.4999 |
| 2024-06-28 | $1.6225 |
| 2024-03-22 | $2.6167 |
| Year | Total Dividends |
|---|---|
| 2026 | $7.3154 |
| 2025 | $11.6525 |
| 2024 | $12.4188 |
| 2023 | $11.7362 |
| 2022 | $10.9114 |
Project income from VIIIX with the VIIIX dividend calculator or track your full portfolio with the dividend tracker.