VLXVX Dividend Yield 2026: Vanguard Target Retirement 2065 Fund

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Data last updated: Jul 06, 2026

Dividend Yield: 1.81%

Annual Dividend: $0.80 per share

Ex-Dividend Date: 2025-12-23

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 9

About Vanguard Target Retirement 2065 Fund Dividend

The Vanguard Target Retirement 2065 Fund dividend comes from an all-in-one portfolio designed for investors retiring between 2063 and 2067. VLXVX currently yields 1.81%, paying $0.8008 per share on a trailing annual basis in quarterly installments, with the next ex-dividend date on December 23, 2025. The fund automatically shifts its mix from stocks toward bonds as the target date approaches, which means its income profile changes over time. With a beta of 1.2, VLXVX carries above-average market sensitivity, making it a better fit for growth-and-income investors than those seeking low-volatility income.

Dividend Safety

Vanguard Target Retirement 2065 Fund pays out dividends as a fund, so the payout ratio is not applicable (fund/ETF). Vanguard Target Retirement 2065 Fund dividend safety is tied directly to the performance of its underlying holdings, a diversified mix of stocks and bonds that automatically rebalances over time. The fund's beta of 1.2 means its distributions can swing with broader market conditions, and the dividend history already shows one decline exceeding 5%, confirming that payouts are not insulated from market downturns.

Vanguard Target Retirement 2065 Fund (VLXVX) Dividend Growth Rate, CAGR, and History

Vanguard Target Retirement 2065 Fund dividend history shows a CAGR of 21.4% per year from 2017 to 2025. Per-share payments grew from $0.1700 to $0.8008 over that span (2025 is the most recent full-year figure, with 2026 data not yet complete). The largest single-year jump was 113.8% in 2018, which flatters the long-run average. Growth has not been linear: 2020 saw a year-over-year decline, and 2022 dipped again, so the headline CAGR masks real volatility in annual payouts.

Vanguard Target Retirement 2065 Fund Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+16.2%	$0.51 (2022)	$0.80 (2025)
5-Year	+14.9%	$0.40 (2020)	$0.80 (2025)

Is Vanguard Target Retirement 2065 Fund a Good Dividend Stock?

VLXVX fits growth-and-income investors who can accept a low current yield in exchange for a fast-rising payout over time. At 1.81%, the yield is low (below 2%), though it sits above the fund's own 5-year average of 1.43%, which shows the per-share payout has grown faster than the share price over that period. The trade-off is straightforward: the 21.4% annualized dividend growth rate is exceptional, but year-to-year payouts have declined twice in the available history, so income is not predictable in the short run. Investors who value long-run dividend growth over near-term income certainty are the natural audience for this fund.

Recent Vanguard Target Retirement 2065 Fund Dividend Payments

Payment Date	Amount per Share
2025-12-23	$0.8008
2024-12-30	$0.7095
2023-12-27	$0.6169
2022-12-28	$0.5099
2021-12-29	$0.5350
2020-12-30	$0.4000
2019-12-27	$0.4570
2018-12-28	$0.3635
2017-12-28	$0.1700

Vanguard Target Retirement 2065 Fund Annual Dividend History

Year	Total Dividends
2025	$0.8008
2024	$0.7095
2023	$0.6169
2022	$0.5099
2021	$0.5350

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.05% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.07% yield)
• JPM — JPMorgan Chase & Co. (1.79% yield)
• IVV — iShares Core S&P 500 ETF (1.09% yield)
• FXAIX — Fidelity 500 Index Fund (1.04% yield)

Frequently Asked Questions

How often does Vanguard Target Retirement 2065 Fund pay dividends?

Vanguard Target Retirement 2065 Fund pays dividends quarterly. The most recent dividend was $0.8008 per share, with the next ex-dividend date set for December 23, 2025.

What is Vanguard Target Retirement 2065 Fund's current dividend yield?

The current VLXVX dividend yield is 1.81%, above the fund's 5-year average yield of 1.43%. That gap reflects per-share payouts growing faster than the fund's price over the past five years.

Has Vanguard Target Retirement 2065 Fund ever cut its dividend?

Yes, the available history shows at least one year-over-year decline exceeding 5%. The 2020 annual payout dropped to $0.4000 from $0.4570 in 2019, and 2022 also saw a decline from $0.5350 to $0.5099.

How fast has Vanguard Target Retirement 2065 Fund grown its dividend?

VLXVX has grown its dividend at a compound annual growth rate (CAGR) of 21.4% per year from 2017 to 2025. Per-share payments rose from $0.1700 to $0.8008 over that eight-year window.

Is Vanguard Target Retirement 2065 Fund a good dividend stock for income investors?

For income investors who prioritize current yield, the 1.81% yield is low (below 2%). The fund suits growth-and-income investors more than pure income seekers, given its fast dividend growth rate but history of occasional year-over-year payout declines.

What type of investor is Vanguard Target Retirement 2065 Fund best suited for?

VLXVX fits growth-and-income investors targeting a 2063-to-2067 retirement who prioritize dividend growth over current yield. The 21.4% annualized payout growth is the fund's defining strength, but the beta of 1.2 and past payout cuts mean it is not suited for investors who need predictable near-term income.

How does Vanguard Target Retirement 2065 Fund compare to its own historical yield?

The current yield of 1.81% is above the Vanguard Target Retirement 2065 Fund's 5-year average yield of 1.43%. That 38-basis-point gap shows the annual payout has expanded faster than the fund's share price over the past five years.

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