VO Dividend Yield 2026: Vanguard Morningstar Mid-Cap ETF

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Vanguard Morningstar Mid-Cap ETF (VO) pays a $3.51 annual dividend ($0.26 monthly), yielding 4.27% at $82.28/share. Next ex-dividend date 2026-06-26. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 4.27%

Annual Dividend: $3.51 per share

Ex-Dividend Date: 2026-06-26

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 23

About Vanguard Morningstar Mid-Cap ETF Dividend

The Vanguard Morningstar Mid-Cap ETF dividend comes from a fund that tracks the CRSP US Mid Cap Index, holding each constituent stock in proportion to its weight in the index across a broadly diversified basket of mid-size U.S. companies. VO currently yields 4.27%, with a trailing annual dividend rate of $3.5142 per share paid monthly. The next ex-dividend date is June 26, 2026. A beta of 0.997 means VO moves almost in lockstep with the broader market, which suits dividend investors who want mid-cap equity exposure without amplified volatility.

Dividend Safety

Vanguard Morningstar Mid-Cap ETF pays out dividends sourced from the underlying holdings of the CRSP US Mid Cap Index, making a traditional payout ratio not applicable (fund/ETF). Vanguard Morningstar Mid-Cap ETF dividend safety is therefore tied to the aggregate dividend output of its index constituents rather than a single company's earnings. The primary pressure point is that any broad pullback in dividends paid by mid-cap U.S. companies flows directly through to VO distributions.

Vanguard Morningstar Mid-Cap ETF (VO) Dividend Growth Rate, CAGR, and History

Over the past nine years, Vanguard Morningstar Mid-Cap ETF dividend history shows a CAGR of 9.8% per year from 2016 to 2025. Per-share payments grew from $1.9070 in 2016 to $4.4206 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 20.7% in 2018, while 2021 saw the only year-over-year decline, with payments dropping from $2.9961 in 2020 to $2.8623.

Vanguard Morningstar Mid-Cap ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+10.6%	$3.27 (2022)	$4.42 (2025)
5-Year	+8.1%	$3.00 (2020)	$4.42 (2025)
10-Year	+9.6%	$1.77 (2015)	$4.42 (2025)

Is Vanguard Morningstar Mid-Cap ETF a Good Dividend Stock?

VO fits dividend investors who want a high-yield payout backed by broad mid-cap equity exposure rather than a single company's fortunes. The current yield is high (above 4%), sitting just below the 5-year average of 4.38%, which means income is near its historical norm rather than inflated by a price drop. The 9.8% annual dividend growth rate over nine years is the real draw here: income has more than doubled since 2016. The trade-off is that the payout depends entirely on what hundreds of mid-cap companies collectively distribute, so any broad dividend contraction in that segment hits VO directly.

Recent Vanguard Morningstar Mid-Cap ETF Dividend Payments

Payment Date	Amount per Share
2026-06-26	$0.2554
2026-03-27	$1.0767
2025-12-22	$1.1480
2025-09-29	$1.0341
2025-06-30	$1.0714
2025-03-27	$1.1671
2024-12-23	$1.0928
2024-09-26	$0.9474
2024-06-27	$0.9288
2024-03-21	$0.9735

Vanguard Morningstar Mid-Cap ETF Annual Dividend History

Year	Total Dividends
2026	$1.3321
2025	$4.4206
2024	$3.9425
2023	$3.5349
2022	$3.2663

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.04% yield)
• JPM — JPMorgan Chase & Co. (1.67% yield)
• IVV — iShares Core S&P 500 ETF (1.06% yield)

Frequently Asked Questions

Does VO pay dividends?

Yes, Vanguard Morningstar Mid-Cap ETF (VO) pays a $0.26 monthly dividend per share, yielding 4.27%.

How often does Vanguard Morningstar Mid-Cap ETF pay dividends?

Vanguard Morningstar Mid-Cap ETF pays dividends monthly. The last dividend amount was $0.2554 per share, with the next ex-dividend date set for June 26, 2026.

What is Vanguard Morningstar Mid-Cap ETF's current dividend yield?

The current VO dividend yield is 4.27%, slightly below the 5-year average yield of 4.38%. That puts the current yield close to its own historical norm rather than at an unusual high or low.

Has Vanguard Morningstar Mid-Cap ETF ever cut its dividend?

Within the available history window, 2021 shows a year-over-year decline: annual payments fell from $2.9961 in 2020 to $2.8623 in 2021. No other annual decline appears in the data from 2016 through 2025.

How fast has Vanguard Morningstar Mid-Cap ETF grown its dividend?

VO has grown its dividend at a compound annual growth rate (CAGR) of 9.8% per year from 2016 to 2025. Per-share payments rose from $1.9070 to $4.4206 over that nine-year window.

Is Vanguard Morningstar Mid-Cap ETF a good dividend stock for income investors?

VO carries a high (above 4%) yield and a 9.8% annual dividend growth rate over nine years, characteristics that suit income investors who want both current payout and rising distributions. The trade-off is that income depends on aggregate dividends from mid-cap index constituents, not a single company's cash flow.

Is Vanguard Morningstar Mid-Cap ETF dividend safe?

A traditional payout ratio is not applicable (fund/ETF), so safety is assessed differently: VO passes through whatever dividends its CRSP US Mid Cap Index holdings generate. A broad reduction in mid-cap company dividends would directly reduce VO's distributions.

How does Vanguard Morningstar Mid-Cap ETF compare to its own historical yield?

At 4.27%, the current yield is modestly below the 5-year average of 4.38%. The gap is small, meaning the fund is not offering an unusually elevated or depressed yield relative to its own recent history.

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