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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Vanguard Tax-Exempt Bond Index Admiral (VTEAX) pays a $0.50 annual dividend ($0.04 monthly), yielding 3.50% at $19.19/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.50%
Annual Dividend: $0.50 per share
Dividend Frequency: monthly
Years of Dividend History: 12
The Vanguard Tax-Exempt Bond Index Fund Admiral Shares dividend comes from a fund that tracks the S&P National AMT-Free Municipal Bond Index, holding investment-grade U.S. municipal bonds with at least 80% of assets in federally tax-exempt securities. The fund currently yields 3.55%, with a trailing annual dividend rate of $0.6735 per share paid monthly. The next ex-dividend date is September 1, 2026. With a beta of 0.95, VTEAX suits income-focused investors who want federal tax-exempt monthly income with moderate price fluctuation.
Vanguard Tax-Exempt Bond Index Fund Admiral Shares pays out dividends as a pass-through of bond interest income, making a traditional payout ratio not applicable (fund/ETF). Vanguard Tax-Exempt Bond Index Fund Admiral Shares dividend safety rests on the income generated by its investment-grade municipal bond holdings, all selected to track the S&P National AMT-Free Municipal Bond Index. The most direct pressure on the payout is interest rate risk: rising rates can push bond prices down and, over time, declining rates reduce the income the fund passes through to shareholders.
Vanguard Tax-Exempt Bond Index Fund Admiral Shares dividend history shows a CAGR of 7.8% per year from 2016 to 2025. Per-share payments grew from $0.3340 in 2016 to $0.6546 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 37.8% in 2023. The history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +17.1% | $0.41 (2022) | $0.65 (2025) |
| 5-Year | +8.6% | $0.43 (2020) | $0.65 (2025) |
| 10-Year | +18.5% | $0.12 (2015) | $0.65 (2025) |
VTEAX fits income-focused investors who prioritize federal tax-exempt monthly income over aggressive yield. At 3.55%, the yield falls in the moderate (2–4%) range and sits above the fund's own 5-year average of 2.74%, meaning current income is running ahead of recent norms. Four consecutive years of dividend increases add a degree of positive momentum, though the history includes at least one meaningful year-over-year decline, so income is not guaranteed to move in one direction. The trade-off is clear: investors get tax-advantaged monthly income from investment-grade municipal bonds, but accept that both price and income can fluctuate with interest rate movements.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-01 | $0.0540 |
| 2026-09-01 | $0.0567 |
| 2026-08-03 | $0.0560 |
| 2026-07-01 | $0.0561 |
| 2026-06-01 | $0.0546 |
| 2026-05-01 | $0.0563 |
| 2026-04-01 | $0.0560 |
| 2026-03-02 | $0.0589 |
| 2026-02-02 | $0.0550 |
| 2025-12-17 | $0.0563 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5036 |
| 2025 | $0.6546 |
| 2024 | $0.6212 |
| 2023 | $0.5622 |
| 2022 | $0.4080 |
Project income from VTEAX with the VTEAX dividend calculator or track your full portfolio with the dividend tracker.