SmarterDividends
VYM

Vanguard High Dividend Yield Index Fund ETF Shares

VYM

ETF · ETF · quarterly payer

$163.74

Overvalued · -66% Add to Portfolio

Forward Yield

2.25%

Annual Dividend

$3.68

Payout Ratio

—

5-Yr Growth

3.8%

Ex-Date

—

Frequency

Quarterly

Key facts about VYM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, Vanguard High Dividend Yield Index Fund ETF Shares (VYM) has a forward dividend yield of 2.25%, based on an annual dividend of $3.68 per share and a share price of $163.74.
  • As of Nov 2, 2026, VYM's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Vanguard High Dividend Yield Index Fund ETF Shares (VYM) has raised its dividend for 15 consecutive years as of Nov 2, 2026.
  • VYM last cut its regular dividend in 2025.
  • VYM's most recent ex-dividend date was Sep 18, 2026, for a dividend of $0.89 per share.
  • VYM's dividend has grown at an average rate of 3.8% a year over the past five years.
  • As of Nov 2, 2026, VYM's 2.25% yield is 24% below its five-year average yield of 2.94%.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for VYM is $55.33 per share, 66% below the $163.74 share price, so VYM screens as overvalued.
  • Vanguard High Dividend Yield Index Fund ETF Shares (VYM) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "VYM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/VYM

Summary

As of Nov 2, 2026, Vanguard High Dividend Yield Index Fund ETF Shares (VYM) yields 2.25% ($3.68 a year per share), has a dividend safety grade of C (63/100) and has 15 consecutive years of dividend increases on record.

Is VYM a good dividend stock?

Yes, with caveats

Vanguard High Dividend Yield Index Fund ETF Shares (VYM) pays a quarterly dividend yielding 2.25% ($3.68/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
  • 55% total price return over 5 years

Risks

  • Cut its dividend in 2025

Key Data

Dividend Yield
2.25%
Payout Ratio
—
Annual Dividend
$3.68
5-Yr Avg Growth
3.8%
Ex-Dividend Date
—
Years of Growth
15
Frequency
quarterly
Beta
—
Market Cap
—
P/E Ratio
20.5
5-Yr Total Return
55%
52-Week Range
$138.35 – $167.61
Dividend Safety
C · 63/100
Ever Cut?
Yes (2025)

VYM dividend distribution changes

Vanguard High Dividend Yield Index Fund ETF Shares (VYM) has made 80 distributions since 2006; 40 were higher than the one before and 20 lower, as fund payouts track the income earned.

Ex-dateChangeOld → newMove
Sep 18, 2026Higher$0.862 → $0.887+2.9%
Mar 20, 2026Higher$0.842 → $0.862+2.4%
Sep 19, 2025Lower$0.862 → $0.842−2.3%
Jun 20, 2025Higher$0.850 → $0.862+1.4%
Sep 20, 2024Higher$0.656 → $0.851+29.7%
Mar 15, 2024Lower$1.10 → $0.656−40.4%
Dec 18, 2023Higher$0.785 → $1.10+40.1%
Sep 18, 2023Higher$0.717 → $0.785+9.5%
Mar 20, 2023Lower$0.975 → $0.717−26.5%
Dec 19, 2022Higher$0.767 → $0.975+27.1%
Sep 19, 2022Higher$0.662 → $0.767+15.9%
Mar 21, 2022Lower$0.939 → $0.662−29.5%
Every VYM payment →Download every raise and cut (CSV)
VYM ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →VYM dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is VYM a good dividend stock?

Yes, with caveats. Vanguard High Dividend Yield Index Fund ETF Shares (VYM) pays a quarterly dividend yielding 2.25% ($3.68/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.

Is VYM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VYM's fair value is about $55.33 versus a $163.74 share price — so it looks overvalued (-66% vs. fair value).

Is VYM's dividend safe?

VYM has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is VYM's fair value?

Our blended fair-value estimate for VYM is about $55.33 per share, about 66% below the current $163.74 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is VYM a buy, hold, or sell?

We don't issue formal ratings, but on the data VYM screens as "yes, with caveats" and overvalued. Vanguard High Dividend Yield Index Fund ETF Shares (VYM) pays a quarterly dividend yielding 2.25% ($3.68/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. This is research for your own analysis, not investment advice.

Will VYM cut its dividend?

VYM earns a dividend-safety grade of C (63/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does VYM pay a dividend?

Yes. Vanguard High Dividend Yield Index Fund ETF Shares pays a quarterly dividend of about $3.68 per share annually, a forward yield of roughly 2.25%.

What is VYM's dividend yield?

As of Nov 2, 2026, VYM's forward dividend yield is 2.25%, based on a $3.68 annual dividend and a $163.74 share price.

What is VYM's dividend per share?

As of Nov 2, 2026, VYM pays $3.68 per share per year, distributed on a quarterly basis.

How many years has VYM grown its dividend?

As of Nov 2, 2026, VYM has increased its dividend for 15 consecutive years.

When is the next VYM ex-dividend date?

As of Nov 2, 2026, VYM's next ex-dividend date hasn't been announced. The most recent was Sep 18, 2026, for $0.89 per share.

Income Calculator

At $3.68 / yr per share

Per payment (quarterly)$91.90
Annual$367.60
Monthly avg$30.63

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