VWITX Dividend Yield 2026: Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) pays a $0.45 annual dividend ($0.04 monthly), yielding 3.37% at $13.43/share. Next ex-dividend date 2026-08-31. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.37%

Annual Dividend: $0.45 per share

Payout Ratio: 89.0%

Ex-Dividend Date: 2026-08-31

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 47

About Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares Dividend

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares dividend is built around one purpose: delivering federal tax-exempt income from a portfolio of municipal bonds with a dollar-weighted average maturity in the 6-to-12-year range. The fund currently yields 3.37%, with a trailing annual dividend rate of $0.4528 per share paid monthly. The next ex-dividend date is August 31, 2026. VWITX suits income-focused investors who want tax-exempt cash flow and can accept moderate price and income variability, reflected in a beta of 0.83.

Dividend Safety

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares pays out 89.0% of earnings as dividends, a payout ratio classified as high (above 75%). That level is structurally typical for a bond fund, where income distributions are directly tied to the interest earned on underlying holdings rather than retained corporate earnings. Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares dividend safety is most directly threatened by interest rate fluctuations, which the fund's own description identifies as the primary risk: rising rates can reduce bond values and compress the income the fund generates for distribution.

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) Dividend Growth Rate, CAGR, and History

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares dividend history shows a CAGR of -0.8% per year from 2011 to 2025. Per-share payments moved from $0.4940 at the start of the window to $0.4386 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 14.6% in 2023, but the data also contains at least one year-over-year decline exceeding 5%, and the overall trend across 14 years is slightly negative.

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+10.5%	$0.33 (2022)	$0.44 (2025)
5-Year	+4.9%	$0.34 (2020)	$0.44 (2025)
10-Year	+0.6%	$0.41 (2015)	$0.44 (2025)

Is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares a Good Dividend Stock?

VWITX fits income-focused investors who prioritize federal tax-exempt monthly cash flow over dividend growth. The current yield of 3.37% sits in the moderate (2-4%) range and is meaningfully above the fund's own 5-year average of 2.76%, which means today's income level is relatively elevated by recent standards. The trade-off is clear: the dividend has declined in nominal terms over the full history window, and a payout ratio of 89.0% leaves little buffer if interest income from the underlying municipal bond portfolio contracts. Four consecutive years of increases show recent momentum, but the longer record shows income can and does fall.

Recent Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares Dividend Payments

Payment Date	Amount per Share
2026-08-31	$0.0382
2026-07-31	$0.0381
2026-06-30	$0.0383
2026-05-29	$0.0377
2026-04-30	$0.0382
2026-03-31	$0.0374
2026-02-27	$0.0380
2026-01-30	$0.0368
2025-12-31	$0.0374
2025-11-28	$0.0378

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares Annual Dividend History

Year	Total Dividends
2026	$0.3027
2025	$0.4386
2024	$0.4096
2023	$0.3727
2022	$0.3252

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.04% yield)
• JPM — JPMorgan Chase & Co. (1.67% yield)
• IVV — iShares Core S&P 500 ETF (1.06% yield)

Frequently Asked Questions

Does VWITX pay dividends?

Yes, Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) pays a $0.04 monthly dividend per share, yielding 3.37%.

How often does Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares pay dividends?

VWITX pays dividends monthly. The last dividend amount was $0.0382 per share, with the next ex-dividend date set for August 31, 2026.

What is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares's current dividend yield?

The current VWITX dividend yield is 3.37%, above the fund's 5-year average yield of 2.76%. That gap means today's income level is relatively high compared to recent history.

Has Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares ever cut its dividend?

Yes, the available history shows multiple year-over-year declines. Annual payments fell from $0.4940 in 2011 to a low of $0.3060 in 2021, with at least one single-year drop exceeding 5%. The dividend has recovered since then but has not returned to its 2011 level.

How fast has Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares grown its dividend?

The compound annual growth rate (CAGR) from 2011 to 2025 is -0.8% per year. In nominal terms, per-share payments declined slightly over the 14-year window, though the fund has posted four consecutive years of increases through 2025.

Is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares dividend safe?

The 89.0% payout ratio is high (above 75%), which is structurally normal for a bond fund passing through interest income. The primary risk the fund itself identifies is interest rate fluctuations, which can reduce the income available for distribution.

What type of investor is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares best suited for?

VWITX is designed for income-focused investors who want federal tax-exempt monthly income and can tolerate moderate variability in both price and income. It is not suited for investors seeking dividend growth, given the -0.8% CAGR over the full history window.

How does Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares compare to its own historical yield?

At 3.37%, the current yield is above the 5-year average of 2.76%. That 61-basis-point gap means investors buying today are receiving more income relative to recent norms for this fund.

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