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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) pays a $1.72 annual dividend ($0.42 quarterly), yielding 1.24% at $138.72/share. Next ex-dividend date 2026-06-26. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.24%
Annual Dividend: $1.72 per share
Ex-Dividend Date: 2026-06-26
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 24
Vanguard Small-Cap Index Fund Admiral Shares dividend pays $1.7164 per share annually, tracking an index of smaller U.S. corporations at low cost. The fund currently yields 1.22%, with dividends paid quarterly and the next ex-dividend date set for June 26, 2026. VSMAX targets investors who want small-cap equity exposure inside a broader diversified portfolio. A beta of 1.054 reflects the volatility inherent in the small-cap space, making this a better fit for growth-oriented income investors than those seeking steady, predictable cash flow.
Vanguard Small-Cap Index Fund Admiral Shares pays out dividends as a pass-through of underlying portfolio income, making a traditional payout ratio not applicable (fund/ETF). Vanguard Small-Cap Index Fund Admiral Shares dividend safety is tied directly to the earnings and distributions generated by its small-cap holdings, not to a single company's cash flow. The primary pressure point is the fund's concentration in small-capitalization stocks, a segment the fund's own description flags as frequently characterized by market volatility, which can cause underlying income to fluctuate year to year.
Vanguard Small-Cap Index Fund Admiral Shares dividend history shows a CAGR of 9.6% per year from 2011 to 2025. Per-share payments grew from $0.4560 to $1.6474 over that period (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 57.7% in 2012, but the history also contains at least one year-over-year decline exceeding 5%, which reflects the income variability that comes with small-cap equity exposure.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.8% | $1.35 (2022) | $1.65 (2025) |
| 5-Year | +9.1% | $1.07 (2020) | $1.65 (2025) |
| 10-Year | +7.7% | $0.78 (2015) | $1.65 (2025) |
VSMAX fits growth-and-income investors who prioritize dividend growth over current yield and are comfortable holding small-cap equities. The yield is low (below 2%) at 1.22% today, though that sits above the fund's own 5-year average of 1.06%, meaning current income is modestly better than recent norms. The 9.6% annualized dividend growth rate from 2011 to 2025 is the real draw here. The trade-off is clear: income is variable, the fund's small-cap concentration introduces volatility, and investors accept lower current yield in exchange for a dividend that has grown meaningfully over time.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-26 | $0.4204 |
| 2026-03-27 | $0.4662 |
| 2025-12-22 | $0.4441 |
| 2025-09-29 | $0.3857 |
| 2025-06-30 | $0.3774 |
| 2025-03-27 | $0.4402 |
| 2024-12-23 | $0.4329 |
| 2024-09-27 | $0.3380 |
| 2024-06-28 | $0.4056 |
| 2024-03-22 | $0.3240 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8866 |
| 2025 | $1.6474 |
| 2024 | $1.5005 |
| 2023 | $1.5890 |
| 2022 | $1.3520 |
Project income from VSMAX with the VSMAX dividend calculator or track your full portfolio with the dividend tracker.