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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Vanguard Target Retirement Income Fund (VTINX) pays a $0.27 annual dividend ($0.07 quarterly), yielding 4.81% at $14.06/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.81%
Annual Dividend: $0.27 per share
Dividend Frequency: quarterly
Years of Dividend History: 24
The Vanguard Target Retirement Income Fund dividend comes from a fund built specifically for retirees, investing across a diversified mix of Vanguard bond and equity mutual funds weighted toward income. VTINX currently yields 3.12%, paid quarterly, with the most recent dividend at $0.2665 per share. The fund's bond-heavy allocation spans U.S. Treasuries, investment-grade corporates, mortgage-backed securities, and foreign bonds, giving it a broad fixed-income base. That profile makes it most relevant to income-focused investors who want retirement-oriented diversification rather than growth.
Vanguard Target Retirement Income Fund dividend safety is not assessed through a payout ratio, as that metric is not applicable (fund/ETF). Instead, the dividend level reflects the aggregate income generated by VTINX's underlying holdings, which include U.S. government bonds, investment-grade corporates, inflation-protected Treasuries, and foreign bonds. The history table shows multiple year-over-year declines, including a drop from $1.2483 in 2021 to $0.3778 in 2022, which illustrates that distributions can fall sharply when underlying bond income shifts. Income from this fund is tied directly to interest rate conditions and the composition of its holdings, not to a corporate earnings floor.
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 period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 144.0% in 2021, but the history also contains at least one year-over-year decline exceeding 5%, so growth has been anything but linear. At 2.5% annually, the long-run pace is slow.
| 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 want a retirement-oriented fund with broad bond exposure rather than a single-stock dividend payer. The current yield of 3.12% falls in the moderate (2–4%) range, and with no consecutive years of dividend increases, income is variable rather than predictably rising. The fund's diversified mix of Treasuries, corporates, and mortgage-backed securities provides a wide income base, but distributions have swung sharply in past years. What an investor gets here is retirement-focused asset allocation with a moderate yield. The trade-off is unpredictable year-to-year income and slow long-run dividend growth at 2.5% per year.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.1115 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2665 |
| 2025 | $0.6966 |
| 2024 | $0.7715 |
| 2023 | $0.5223 |
| 2022 | $0.3778 |
Project income from VTINX with the VTINX dividend calculator or track your full portfolio with the dividend tracker.