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Data last updated: Aug 17, 2026
Snapshot (as of Aug 17, 2026): Vanguard Target Retirement 2065 Fund (VLXVX) pays a $0.80 annual dividend ($0.20 quarterly), yielding 1.75% at $45.77/share. Next ex-dividend date 2025-12-23. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.75%
Annual Dividend: $0.80 per share
Ex-Dividend Date: 2025-12-23
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 9
The Vanguard Target Retirement 2065 Fund dividend reflects the fund's all-in-one structure: a diversified portfolio that automatically shifts from stocks toward bonds as 2065 approaches. VLXVX currently pays $0.8008 per share on a trailing annual basis, with dividends paid quarterly and the next ex-dividend date set for December 23, 2025. The current yield sits at 1.75%. With a beta of 1.19, the fund carries slightly above-average market sensitivity, making it a fit for growth-and-income investors comfortable with equity-level volatility in exchange for long-run dividend growth.
Vanguard Target Retirement 2065 Fund pays out dividends at a payout ratio classified as not applicable (fund/ETF), since distributions reflect the income generated by its underlying holdings rather than a fixed share of corporate earnings. Vanguard Target Retirement 2065 Fund dividend safety is therefore tied to the performance of those underlying assets, which span both equities and fixed-income securities across a broadly diversified allocation. The fund's beta of 1.19 means its value moves more than the broader market in downturns, and the dividend history already shows one year-over-year decline exceeding 5%, so distributions are not immune to market-driven pressure.
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 window (2025 is the most recent full-year figure, with 2026 data not yet complete). The largest single-year jump was 113.8% in 2018, while the data also includes at least one decline exceeding 5%, so growth across this window has been uneven rather than linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +16.2% | $0.51 (2022) | $0.80 (2025) |
| 5-Year | +14.9% | $0.40 (2020) | $0.80 (2025) |
VLXVX fits growth-and-income investors who want a single fund that handles asset allocation automatically and delivers a rising dividend over time, rather than investors seeking maximum current income. The yield is low (below 2%) at 1.75%, though that figure already runs above the fund's own 5-year average of 1.39%, which shows the payout has grown faster than the share price over recent years. The two-year streak of consecutive increases is short, and the history includes at least one meaningful decline, so income is not guaranteed year to year. What the fund offers is a 21.4% annualized dividend growth rate over eight years; what investors accept in return is a low starting yield and distribution variability tied to market conditions.
| 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 |
| Year | Total Dividends |
|---|---|
| 2025 | $0.8008 |
| 2024 | $0.7095 |
| 2023 | $0.6169 |
| 2022 | $0.5099 |
| 2021 | $0.5350 |
Project income from VLXVX with the VLXVX dividend calculator or track your full portfolio with the dividend tracker.