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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Vanguard Target Retirement Income Fund (VTINX) pays a $0.67 annual dividend, yielding 4.67% at $14.38/share. Next ex-dividend date 2026-06-26. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.67%
Annual Dividend: $0.67 per share
Ex-Dividend Date: 2026-06-26
Sector: Financial Services
Years of Dividend History: 24
The Vanguard Target Retirement Income Fund dividend is built for retirees who need income now, not decades from now. VTINX invests in a diversified mix of Vanguard index funds spanning stocks and bonds, targeting the asset allocation of a portfolio roughly seven years past its retirement date. The trailing annual dividend rate is $0.6717 per share, with the next ex-dividend date set for June 26, 2026. At a 4.67% yield and a beta of 0.63, VTINX suits income-focused investors who want meaningful payouts with moderate price swings.
Vanguard Target Retirement Income Fund pays out dividends as a fund, making the traditional payout ratio not applicable (fund/ETF). Vanguard Target Retirement Income Fund dividend safety rests on the fund's underlying holdings: a diversified blend of stock and bond index funds designed to generate income across market conditions. The primary pressure point is market volatility, as the fund explicitly acknowledges moderate share price fluctuations and exposure to both equity and fixed-income risk, which can directly affect the income it distributes.
Vanguard Target Retirement Income Fund dividend history shows a CAGR of 2.5% per year from 2005 to 2025. Per-share payments grew from $0.4250 to $0.6966 over that span (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 144.0% in 2021, though the data also contains at least one year-over-year decline exceeding 5%, so growth has been far from linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +22.6% | $0.38 (2022) | $0.70 (2025) |
| 5-Year | +6.4% | $0.51 (2020) | $0.70 (2025) |
| 10-Year | +4.7% | $0.44 (2015) | $0.70 (2025) |
VTINX fits income-focused investors who are already in retirement and prioritize current payouts over dividend growth. The yield is classified as high (above 4%), though at 4.67% it currently sits below the fund's own 5-year average of 5.03%, meaning recent income has been somewhat lighter than the historical norm. Growth is slow at 2.5% per year, and the history includes meaningful year-over-year swings. What an investor gets is a diversified, multi-asset income fund with a meaningful yield; what they accept is irregular annual payouts and exposure to both stock and bond market volatility.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-26 | $0.0793 |
| 2026-03-30 | $0.0757 |
| 2025-12-23 | $0.4084 |
| 2025-09-29 | $0.1083 |
| 2025-06-30 | $0.1011 |
| 2025-03-28 | $0.0788 |
| 2024-12-30 | $0.5134 |
| 2024-09-27 | $0.0882 |
| 2024-06-28 | $0.1081 |
| 2024-03-27 | $0.0618 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.1550 |
| 2025 | $0.6966 |
| 2024 | $0.7715 |
| 2023 | $0.5223 |
| 2022 | $0.3778 |
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