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Data last updated: Aug 19, 2026
Snapshot (as of Aug 19, 2026): Vanguard Institutional Index Fund Institutional Shares (VINIX) pays a $14.88 annual dividend ($1.24 monthly), yielding 2.41% at $616.34/share. Next ex-dividend date 2026-06-24. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.41%
Annual Dividend: $14.88 per share
Ex-Dividend Date: 2026-06-24
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 37
Vanguard Institutional Index Fund Institutional Shares dividend comes from a passive, full-replication fund that mirrors the S&P 500 Index, giving shareholders exposure to a broad cross-section of large U.S. companies. The fund currently yields 2.39%, with a trailing annual dividend rate of $14.8769 per share paid monthly. The next ex-dividend date is June 24, 2026, with the last payment of $1.7895 per share already on record. With a beta of 1.009, VINIX moves nearly in lockstep with the broader market, making it a fit for dividend investors who want market-rate income without concentrating in a single sector.
Vanguard Institutional Index Fund Institutional Shares pays out dividends as a pass-through of income generated by its underlying S&P 500 holdings, making the payout ratio not applicable (fund/ETF). Vanguard Institutional Index Fund Institutional Shares dividend safety is structurally tied to the aggregate dividend activity of hundreds of large U.S. companies rather than the earnings of any single issuer. The primary pressure on the payout level is the collective dividend behavior of those underlying holdings: if large-cap U.S. companies broadly cut or reduce their dividends, the fund's distributions will follow.
Vanguard Institutional Index Fund Institutional Shares dividend history shows a CAGR of 12.0% per year from 2010 to 2025. Per-share payments grew from $2.1200 to $11.5767 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 91.0% in 2021, and the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.2% | $10.86 (2022) | $11.58 (2025) |
| 5-Year | +2.7% | $10.14 (2020) | $11.58 (2025) |
| 10-Year | +9.7% | $4.57 (2015) | $11.58 (2025) |
VINIX fits dividend investors who want broad U.S. large-cap exposure paired with a moderate income stream. The current yield of 2.39% sits above the fund's 5-year average of 2.12%, which means income buyers are getting slightly more than the recent norm. Growth has been strong at 12.0% per year over 15 years, but that rate is driven by the underlying S&P 500 holdings and has included meaningful year-over-year swings. The yield classification is moderate (2–4%), and with no payout ratio constraint to manage, the fund passes through whatever its holdings generate. The trade-off: income is real and growing, but it is not predictable quarter to quarter.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-24 | $1.7895 |
| 2026-03-24 | $5.4822 |
| 2025-12-23 | $6.0870 |
| 2025-09-24 | $1.5182 |
| 2025-06-26 | $1.5347 |
| 2025-03-25 | $2.4368 |
| 2024-12-30 | $6.6608 |
| 2024-09-27 | $1.4827 |
| 2024-06-28 | $1.6049 |
| 2024-03-22 | $2.6018 |
| Year | Total Dividends |
|---|---|
| 2026 | $7.2717 |
| 2025 | $11.5767 |
| 2024 | $12.3502 |
| 2023 | $11.6826 |
| 2022 | $10.8586 |
Project income from VINIX with the VINIX dividend calculator or track your full portfolio with the dividend tracker.