Vanguard High Dividend Yield Index Fund ETF Shares
VYMETF · ETF · quarterly payer
Forward Yield
2.19%
Annual Dividend
$3.51
Payout Ratio
—
5-Yr Growth
2.5%
Ex-Date
—
Frequency
Quarterly
Summary
As of June 2026, Vanguard High Dividend Yield Index Fund ETF Shares (VYM) yields 2.19% ($3.51 per share annually), with a blended fair-value estimate of $52.90 — -67% 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 2.19% ($3.51/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
- 53% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 2.19%
- Payout Ratio
- —
- Annual Dividend
- $3.51
- 5-Yr Avg Growth
- 2.5%
- Ex-Dividend Date
- —
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 21.6
- 5-Yr Total Return
- 53%
- 52-Week Range
- $129.11 – $161.29
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
VYM Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+51%
5 Years
+53%
52-Week Range
$129.11 – $161.29
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 $52.90 per share, versus a market price of $160.33. That implies 67% of downside.
Fair Value
$52.90
Current Price
$160.33
Downside
-67%
Margin of Safety
-203%
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, $3.51 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 |
|---|---|---|---|
| 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 |
| Dec 19, 2022 | — | $0.9750 | regular |
Income Calculator
At $3.51 / yr per share
