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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) pays a $14.96 annual dividend ($1.25 monthly), yielding 2.43% at $616.14/share. Next ex-dividend date 2026-06-24. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.43%
Annual Dividend: $14.96 per share
Ex-Dividend Date: 2026-06-24
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 30
Vanguard Institutional Index Fund Institutional Plus Shares dividend reflects the income generated by a fund that fully replicates the S&P 500, holding every constituent of the large-cap U.S. benchmark. The current yield stands at 2.41%, 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 dividend paid was $1.8120 per share. With a beta of 1.009, VIIIX moves almost in lockstep with the broader market, making it a fit for dividend investors who want broad U.S. equity exposure alongside income.
Vanguard Institutional Index Fund Institutional Plus Shares pays out dividends sourced directly from the income generated by its S&P 500 holdings, and the payout ratio is not applicable (fund/ETF) because distributions pass through from underlying securities rather than from retained earnings. Vanguard Institutional Index Fund Institutional Plus Shares dividend safety is therefore tied to the aggregate dividend output of hundreds of large-cap U.S. companies, not to a single corporate balance sheet. The primary pressure on the payout is market-level: if S&P 500 constituents broadly cut or reduce their own dividends, VIIIX distributions fall in parallel, as the fund has no independent mechanism to smooth or supplement income.
Vanguard Institutional Index Fund Institutional Plus Shares dividend history shows a CAGR of 11.9% per year from 2010 to 2025. Per-share payments grew from $2.1450 to $11.6525 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest single-year jump in the data was 90.6% in 2021, and the history also contains at least one year-over-year decline exceeding 5%, which reflects the pass-through nature of S&P 500 constituent dividends rather than a managed payout policy.
| 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 broad exposure to large-cap U.S. equities and are comfortable with a payout that mirrors whatever the S&P 500 collectively produces. The current yield of 2.41% falls in the moderate (2-4%) range and sits above the fund's own 5-year average of 2.13%, meaning income buyers are getting a slightly better entry yield than the recent norm. The trade-off is clear: there is no managed dividend policy, no consecutive-increase streak, and the payout can decline when S&P 500 companies broadly pull back on distributions. What an investor gains is diversified, low-cost income from hundreds of large-cap names; what they accept is a dividend that rises and falls with the market.
| 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.