Vanguard High Dividend Yield Index Fund ETF Shares
VYMETF · ETF · quarterly payer
Forward Yield
2.24%
Annual Dividend
$3.63
Payout Ratio
—
5-Yr Growth
3.8%
Ex-Date
—
Frequency
Quarterly
Summary
As of July 2026, Vanguard High Dividend Yield Index Fund ETF Shares (VYM) yields 2.24% ($3.63 per share annually), with a blended fair-value estimate of $54.67 — -66% downside, so it screens as overvalued. Dividend safety grade: C (60/100). 15 years of dividend growth.
Is VYM a good dividend stock?
Yes, with caveatsVanguard High Dividend Yield Index Fund ETF Shares (VYM) pays a quarterly dividend yielding 2.24% ($3.63/yr), with 15 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- 15 consecutive years of dividend growth
- 51% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 2.24%
- Payout Ratio
- —
- Annual Dividend
- $3.63
- 5-Yr Avg Growth
- 3.8%
- Ex-Dividend Date
- —
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 22.0
- 5-Yr Total Return
- 51%
- 52-Week Range
- $132.01 – $162.69
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
VYM Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+51%
5 Years
+51%
52-Week Range
$132.01 – $162.69
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VYM worth?
Overvaluedlow confidenceOur blended fair-value estimate for Vanguard High Dividend Yield Index Fund ETF Shares is $54.67 per share, versus a market price of $162.23. That implies 66% of downside.
Fair Value
$54.67
Current Price
$162.23
Downside
-66%
Margin of Safety
-197%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 2.5% stage-1 growth, 2.5% terminal growth, $3.63 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VYM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 18, 2026 | — | $0.9800 | regular |
| Mar 20, 2026 | — | $0.8620 | regular |
| Dec 19, 2025 | — | $0.9470 | regular |
| Sep 19, 2025 | — | $0.8420 | regular |
| Jun 20, 2025 | — | $0.8620 | regular |
| Mar 21, 2025 | — | $0.8500 | regular |
| Dec 20, 2024 | — | $0.9640 | regular |
| Sep 20, 2024 | — | $0.8510 | regular |
| Jun 21, 2024 | — | $1.0240 | regular |
| Mar 15, 2024 | — | $0.6560 | regular |
| Dec 18, 2023 | — | $1.1000 | regular |
| Sep 18, 2023 | — | $0.7850 | regular |
| Jun 20, 2023 | — | $0.8770 | regular |
| Mar 20, 2023 | — | $0.7170 | regular |
Income Calculator
At $3.63 / yr per share
