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Data last updated: Nov 15, 2026
Snapshot (as of Nov 15, 2026): Vanguard LifeStrategy 60/40 Inv Shrs (VSMGX) pays a $0.36 annual dividend, yielding 4.96% at $36.37/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.96%
Annual Dividend: $0.36 per share
Dividend Frequency: annually
Years of Dividend History: 33
Vanguard LifeStrategy 60/40 Inv Shrs dividend comes from a fund that holds roughly 60% in global equities and 40% in a diversified mix of U.S. government, corporate, and investment-grade foreign bonds. The current yield is 4.96%, placing VSMGX in high-yield territory for a balanced fund. The fund pays annually, with the last dividend at $0.3619 per share. That yield level, backed by both equity and fixed-income distributions, makes VSMGX a candidate for income-focused investors seeking broad asset-class exposure in a single holding.
Vanguard LifeStrategy 60/40 Inv Shrs dividend safety depends on the aggregate distributions flowing from its underlying Vanguard mutual funds, which span equities and a broad fixed-income sleeve including U.S. Treasuries, agency bonds, and investment-grade corporate debt. Payout ratio is not applicable (fund/ETF), so the traditional coverage metric does not apply here. The history table does show year-over-year declines in multiple periods, including a drop from $1.2935 in 2021 to $0.7310 in 2022, which reflects how changes in underlying fund distributions can pull the annual payout lower without any change in fund mandate.
Vanguard LifeStrategy 60/40 Inv Shrs dividend history shows a CAGR of 6.7% per year from 2004 to 2024. Per-share, that means growth from $0.6200 to $2.2482 over the full window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 83.9% in 2024, which shows how variable single-year moves can be. Consecutive years of dividend increases stand at 0, meaning the fund has not maintained an unbroken growth streak.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +35.4% | $0.73 (2022) | $1.81 (2025) |
| 5-Year | +10.6% | $1.09 (2020) | $1.81 (2025) |
| 10-Year | +7.3% | $0.90 (2015) | $1.81 (2025) |
VSMGX fits income-focused investors who want a single fund delivering both equity and fixed-income distributions. The yield is high (above 4%), which is the fund's clearest draw. The trade-off is real: with zero consecutive years of dividend increases and documented year-over-year declines in the history, the annual payout is variable, not predictable. The 6.7% CAGR over 20 years shows the long-run direction is upward, but investors who need a steady, rising income stream will find the year-to-year swings uncomfortable. What VSMGX offers is broad diversification and a meaningful yield; what it does not offer is dividend consistency.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-26 | $0.3619 |
| 2025-12-23 | $1.4429 |
| 2025-06-30 | $0.3712 |
| 2024-12-30 | $1.8853 |
| 2024-06-28 | $0.3629 |
| 2023-12-27 | $0.9283 |
| 2023-06-28 | $0.2945 |
| 2022-12-28 | $0.4890 |
| 2022-06-28 | $0.2420 |
| 2021-12-29 | $1.0665 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3619 |
| 2025 | $1.8141 |
| 2024 | $2.2482 |
| 2023 | $1.2228 |
| 2022 | $0.7310 |
Project income from VSMGX with the VSMGX dividend calculator or track your full portfolio with the dividend tracker.