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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): Vanguard Tax-Exempt Bond ETF (VTEB) pays a $1.84 annual dividend ($0.14 monthly), yielding 3.76% at $48.98/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.76%
Annual Dividend: $1.84 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 12
The Vanguard Tax-Exempt Bond ETF 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 generating income exempt from federal income tax and the federal alternative minimum tax. VTEB currently yields 3.42%, with a trailing annual dividend rate of $1.6981 per share paid monthly. The next ex-dividend date is August 3, 2026. With a beta of 0.95, this fund suits income-focused investors who want federally tax-exempt monthly income and can tolerate moderate swings in both share price and distributed income.
Vanguard Tax-Exempt Bond ETF pays out dividends as a pass-through of bond income, making a traditional payout ratio not applicable (fund/ETF). Vanguard Tax-Exempt Bond ETF dividend safety rests on the income generated by its underlying municipal bond holdings, at least 80% of which must produce AMT-free federal tax-exempt interest under normal market conditions. The primary pressure point is interest rate sensitivity: rising rates push bond prices down, and falling rates can reduce the income the fund passes through to shareholders.
Vanguard Tax-Exempt Bond ETF dividend history shows a CAGR of 7.9% per year from 2016 to 2025. Per-share payments grew from $0.8340 in 2016 to $1.6552 in 2025 (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 37.8% in 2023, though the history also contains at least one year-over-year decline exceeding 5%, with 2020 and 2021 both showing lower annual totals than the years immediately preceding them.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +17.0% | $1.03 (2022) | $1.66 (2025) |
| 5-Year | +8.6% | $1.10 (2020) | $1.66 (2025) |
| 10-Year | +15.3% | $0.40 (2015) | $1.66 (2025) |
VTEB fits income-focused investors who want monthly, federally tax-exempt cash flow from investment-grade municipal bonds. The current yield of 3.42% falls in the moderate (2-4%) range and sits meaningfully above the 5-year average of 2.66%, which reflects the higher interest rate environment that has lifted bond income in recent years. The trade-off is real: income is not fixed, and the fund's distributed income can fall when rates drop or bond prices shift. What an investor gets is tax-advantaged monthly income with a 7.9% annualized growth rate over the past nine years. What they accept is variability in both the income stream and the fund's net asset value.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $0.1415 |
| 2026-07-01 | $0.1420 |
| 2026-06-01 | $0.1381 |
| 2026-05-01 | $0.1423 |
| 2026-04-01 | $0.1415 |
| 2026-03-02 | $0.1487 |
| 2026-02-02 | $0.1398 |
| 2025-12-18 | $0.1417 |
| 2025-12-01 | $0.1419 |
| 2025-11-03 | $0.1398 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9939 |
| 2025 | $1.6552 |
| 2024 | $1.5736 |
| 2023 | $1.4246 |
| 2022 | $1.0336 |
Project income from VTEB with the VTEB dividend calculator or track your full portfolio with the dividend tracker.