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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) pays a $0.67 annual dividend ($0.06 monthly), yielding 3.44% at $19.57/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.44%
Annual Dividend: $0.67 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
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 current yield is 3.44%, 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 and a focus on tax-exempt income, VTEAX suits income-focused investors who prioritize federal tax exemption over aggressive yield.
Vanguard Tax-Exempt Bond Index Fund Admiral Shares pays out dividends as a pass-through of bond 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 underlying municipal bond holdings, all of which are investment-grade and selected to mirror the S&P National AMT-Free Municipal Bond Index. The most direct threat to the payout is rising interest rates: the fund's own description flags that climbing rates can push bond prices lower and, over time, compress 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 the growth calculation). The largest single-year jump in the window was 37.8% in 2023, though 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 want monthly federal tax-exempt income from investment-grade municipal bonds and can accept moderate price and income fluctuations. The current yield of 3.44% falls in the moderate (2-4%) range and sits meaningfully above the fund's own 5-year average of 2.66%, which means today's buyers are locking in a historically elevated income rate for this fund. The 7.8% annualized dividend growth over nine years adds real purchasing-power protection over time. The trade-off is that income is directly tied to interest rate conditions: a falling-rate environment would eventually compress the monthly payout, and the history already shows at least one decline year.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-11-28 | $0.0562 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4496 |
| 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.