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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): Vanguard Morningstar Mid-Cap Value ETF (VOE) pays a $4.75 annual dividend, yielding 2.38% at $199.85/share. Next ex-dividend date 2026-09-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.38%
Annual Dividend: $4.75 per share
Ex-Dividend Date: 2026-09-28
Dividend Frequency: annually
Sector: Financial Services
Years of Dividend History: 21
The Vanguard Morningstar Mid-Cap Value ETF dividend comes from a fund that tracks the CRSP US Mid Cap Value Index, holding mid-capitalization value stocks across the U.S. market. VOE currently yields 1.84%, with a trailing annual dividend rate of $3.7216 per share paid on an annual basis. The next ex-dividend date is June 26, 2026. A beta of 0.76 means the fund moves less than the broader market, which suits growth-and-income investors who want dividend growth without sharp price swings.
Vanguard Morningstar Mid-Cap Value ETF pays out dividends sourced directly from the income generated by its underlying mid-cap value stock holdings, making a traditional payout ratio not applicable (fund/ETF). Vanguard Morningstar Mid-Cap Value ETF dividend safety is tied to the aggregate dividends paid by the index constituents rather than a single company's earnings, which spreads concentration risk across a broad basket of value stocks. The most meaningful pressure point is a broad decline in dividends across mid-cap value companies, as the fund passes through only what its holdings generate.
Vanguard Morningstar Mid-Cap Value ETF dividend history shows a CAGR of 8.0% per year from 2016 to 2025. Per-share payments grew from $1.8620 in 2016 to $3.7214 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 26.3% in 2018, though 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 | +6.6% | $3.07 (2022) | $3.72 (2025) |
| 5-Year | +5.8% | $2.81 (2020) | $3.72 (2025) |
| 10-Year | +7.8% | $1.76 (2015) | $3.72 (2025) |
VOE fits growth-and-income investors who prioritize dividend growth over current yield, not those seeking maximum income today. The current yield of 1.84% is classified as low (below 2%), and it sits above the 5-year average of 1.6%, which means the fund is currently paying out more relative to price than it has on average. An 8.0% annual growth rate over nine years is the real draw here. The trade-off is straightforward: investors get a dividend that has roughly doubled since 2016, but the starting yield is low enough that income in dollar terms takes time to build to meaningful levels.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $1.0332 |
| 2026-06-26 | $0.9189 |
| 2026-03-27 | $0.9992 |
| 2025-12-22 | $0.9309 |
| 2025-09-29 | $0.8726 |
| 2025-06-30 | $0.8643 |
| 2025-03-27 | $1.0536 |
| 2024-12-23 | $1.0004 |
| 2024-09-26 | $0.7997 |
| 2024-06-27 | $0.8830 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.9513 |
| 2025 | $3.7214 |
| 2024 | $3.4162 |
| 2023 | $3.2943 |
| 2022 | $3.0748 |
Project income from VOE with the VOE dividend calculator or track your full portfolio with the dividend tracker.