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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Vanguard Interm-Term Tx-Ex Inv (VWITX) pays a $0.00 annual dividend, yielding 3.43% at $13.19/share. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.43%
Annual Dividend: $0.00 per share
Dividend Frequency: monthly
Years of Dividend History: 47
The Vanguard Interm-Term Tx-Ex Inv dividend comes from a fund that puts at least 80% of its assets into federal-tax-exempt municipal bonds. At a 3.5% yield, VWITX sits in moderate territory for income-focused investors. The fund pays monthly, with the last dividend at $0.3419 per share. That monthly cadence and tax-exempt income make it a natural fit for investors in higher tax brackets who prioritize after-tax cash flow.
Vanguard Interm-Term Tx-Ex Inv dividend safety depends on the income generated by its underlying municipal bond holdings, not on a corporate payout ratio. Payout ratio is not applicable (fund/ETF). At least 75% of assets must sit in top-three credit-rated municipal bonds, which anchors the income stream to high-quality issuers. That said, the annual dividend per share fell from $0.4940 in 2011 to a low of $0.3060 in 2021, a drop of nearly 38%, showing that interest rate environments can meaningfully compress what the fund passes through to shareholders.
Vanguard Interm-Term Tx-Ex Inv dividend history shows a CAGR of -0.8% per year from 2011 to 2025. Per-share payouts moved from $0.4940 down to $0.4386 over that window (2026 is a partial year and excluded from this calculation). The largest single-year jump was 14.6% in 2023, but that came after years of declines, so it reflects recovery more than sustained momentum. Growth is negative over the full period, and the data contains at least one year-over-year decline exceeding 5%.
| 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) |
VWITX fits income-focused investors who want monthly, federally tax-exempt cash flow from high-quality municipal bonds. The yield is moderate (2–4%), and the tax-exempt nature of the income can make the effective after-tax yield more attractive depending on an investor's bracket. The trade-off is real: the long-run CAGR is -0.8%, meaning the nominal payout has drifted lower over 14 years. Four consecutive years of increases through 2025 show recent improvement, but the history includes a trough of $0.3060 in 2021. Vanguard Interm-Term Tx-Ex Inv stock offers income with a tax advantage, but not dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.0392 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3419 |
| 2025 | $0.4386 |
| 2024 | $0.4096 |
| 2023 | $0.3727 |
| 2022 | $0.3252 |
Project income from VWITX with the VWITX dividend calculator or track your full portfolio with the dividend tracker.