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Data last updated: Aug 10, 2026
Snapshot (as of Aug 10, 2026): Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) pays a $1.72 annual dividend ($0.42 quarterly), yielding 1.17% at $146.65/share. Next ex-dividend date 2026-06-26. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.17%
Annual Dividend: $1.72 per share
Ex-Dividend Date: 2026-06-26
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 24
The Vanguard Small-Cap Index Fund Admiral Shares dividend comes from a cost-effective index fund built to mirror the performance of a U.S. small-cap stock index. VSMAX currently yields 1.17%, with a trailing annual dividend rate of $1.7164 per share paid quarterly. The next ex-dividend date is June 26, 2026. A beta of 1.055 reflects the fund's exposure to small-cap volatility, making it a fit for growth-and-income investors comfortable with price swings in exchange for dividend growth.
Vanguard Small-Cap Index Fund Admiral Shares pays out dividends as a pass-through of income generated by its underlying small-cap holdings, making a traditional payout ratio not applicable (fund/ETF). Vanguard Small-Cap Index Fund Admiral Shares dividend safety is therefore tied to the income produced by hundreds of smaller U.S. companies rather than a single corporate balance sheet. The primary pressure point is the fund's concentration in small-cap equities, a segment the fund's own description flags as frequently characterized by market volatility, which can cause dividend distributions 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 window (2026 is a partial year and excluded from this calculation). The history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear, and income investors should expect occasional down years alongside the long-run upward trend.
| 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 want small-cap equity exposure and are willing to accept a low current yield in exchange for above-average dividend growth. The yield classification is low (below 2%), sitting at 1.17% today versus a 5-year average of 1.01%, so the current yield is modestly above its own recent norm. What an investor gets here is a 9.6% annualized growth rate over 14 years. What they give up is meaningful current income, since $1.7164 per share annually does not move the needle for investors who need yield now. The fund's small-cap concentration adds price volatility that pure income investors typically avoid.
| 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.