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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) pays a $0.34 annual dividend ($0.03 monthly), yielding 6.36% at $5.39/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.36%
Annual Dividend: $0.34 per share
Ex-Dividend Date: 2026-08-31
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 47
The Vanguard High-Yield Corporate Fund Investor Shares dividend comes from a portfolio of corporate junk bonds, specifically targeting what the fund's advisor considers the higher-quality end of that speculative category. The fund has paid monthly distributions totaling $0.3431 per share over the trailing twelve months, with the next ex-dividend date set for August 31, 2026. At a current yield of 6.36%, VWEHX sits well above typical fixed-income offerings. With a beta of 0.63, the fund carries less price volatility than the broader equity market, which suits income-focused investors who want meaningful yield without full equity-level swings.
Vanguard High-Yield Corporate Fund Investor Shares pays out dividends from bond interest income, making a traditional payout ratio not applicable (fund/ETF). Vanguard High-Yield Corporate Fund Investor Shares dividend safety rests on the fund's selective approach: it targets higher-quality bonds within the high-yield universe, which the advisor believes reduces default risk and limits capital erosion. The primary pressure point is credit quality. High-yield bonds are speculative by nature, and a deterioration in the broader credit environment would directly compress the income the fund generates and passes through to shareholders.
Vanguard High-Yield Corporate Fund Investor Shares dividend history shows a CAGR of -1.2% per year from 2011 to 2025. Per-share payments declined from $0.4080 in 2011 to $0.3425 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 17.3% in 2023, which followed a stretch of multi-year declines. Growth is slow, and the overall direction over 14 years has been negative, meaning income investors have seen purchasing power erode even as the fund maintained monthly payments.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.2% | $0.26 (2022) | $0.34 (2025) |
| 5-Year | +4.4% | $0.28 (2020) | $0.34 (2025) |
| 10-Year | +0.5% | $0.33 (2015) | $0.34 (2025) |
VWEHX fits income-focused investors who prioritize a high monthly yield over dividend growth. The current yield of 6.36% is classified as high (above 4%), and it sits meaningfully above the fund's own 5-year average yield of 5.53%, which means buyers today are locking in an above-average income rate relative to recent history. The trade-off is clear: the per-share dividend has declined at -1.2% per year since 2011, so the income stream does not grow in real terms. What an investor gets is a high monthly yield from a diversified junk-bond portfolio with below-equity volatility. What they accept is a payout that has trended lower over time.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $0.0292 |
| 2026-07-31 | $0.0290 |
| 2026-06-30 | $0.0286 |
| 2026-05-29 | $0.0290 |
| 2026-04-30 | $0.0287 |
| 2026-03-31 | $0.0285 |
| 2026-02-27 | $0.0278 |
| 2026-01-30 | $0.0285 |
| 2025-12-31 | $0.0283 |
| 2025-11-28 | $0.0283 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.2293 |
| 2025 | $0.3425 |
| 2024 | $0.3304 |
| 2023 | $0.3086 |
| 2022 | $0.2630 |
Project income from VWEHX with the VWEHX dividend calculator or track your full portfolio with the dividend tracker.