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Data last updated: Oct 16, 2026
Dividend Yield: 0.39%
Dividend Frequency: quarterly
Years of Dividend History: 23
Vanguard Morningstar Growth ETF dividend investors should know upfront: this fund tracks the CRSP US Large Cap Growth Index, giving broad exposure to large-cap U.S. growth companies through full replication. The current yield is 0.38%, with a trailing annual dividend rate of $0.3396 per share paid quarterly. The next ex-dividend date is June 26, 2026, with the last payment of $0.0923 per share. VUG's beta of 1.227 means it moves more than the broader market, making it a better fit for growth-oriented investors than those seeking steady income.
Vanguard Morningstar Growth ETF pays out dividends as a pass-through of income generated by its underlying holdings, making a traditional payout ratio not applicable (fund/ETF). Vanguard Morningstar Growth ETF dividend safety is tied directly to the income produced by the large-cap growth companies it holds, not to a corporate earnings decision. The most significant pressure point is that growth-oriented companies tend to reinvest earnings rather than pay them out, which keeps the fund's income distributions low and subject to fluctuation as the index composition shifts.
Vanguard Morningstar Growth ETF dividend history shows a CAGR of 7.1% per year from 2011 to 2025. Per-share payments grew from $0.1276 to $0.3351 over that window (2026 data is partial and excluded from this calculation). The largest single-year jump was 40.0% in 2012, but the history also includes multiple years of year-over-year declines, including drops in 2019, 2020, 2021, 2022, and a notable decline exceeding 5% in at least one year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +10.3% | $0.25 (2022) | $0.34 (2025) |
| 5-Year | +3.6% | $0.28 (2020) | $0.34 (2025) |
| 10-Year | +3.8% | $0.23 (2015) | $0.34 (2025) |
VUG fits investors who want exposure to large-cap U.S. growth companies and treat dividends as a secondary benefit rather than a primary income source. The yield is low (below 2%), currently at 0.38%, which sits slightly above the 5-year average of 0.33% but remains far below what income-focused investors typically seek. The 7.1% CAGR over 14 years shows meaningful long-term dividend growth, but the history includes several down years, so the income stream is not smooth. An investor in Vanguard Morningstar Growth ETF gets growth-index exposure with a modest, variable income component and accepts that the dividend can shrink in years when underlying holdings pay less.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.0910 |
| 2026-06-26 | $0.0923 |
| 2026-03-27 | $0.0796 |
| 2025-12-22 | $0.0832 |
| 2025-09-29 | $0.0845 |
| 2025-06-30 | $0.0841 |
| 2025-03-27 | $0.0833 |
| 2024-12-23 | $0.0891 |
| 2024-09-26 | $0.0758 |
| 2024-06-27 | $0.0760 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2629 |
| 2025 | $0.3351 |
| 2024 | $0.3188 |
| 2023 | $0.3003 |
| 2022 | $0.2498 |
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