~$1,500/yr
Example payout
The annual dividend a $100,000 VOO holding generates at today's ~1.5% yield, paid quarterly and eligible for free DRIP.
VOO Dividend Calculator
This calculator is for illustrative purposes only. Results are based on hypothetical assumptions including fixed annual growth rates. Actual investment returns will vary, possibly significantly, due to market conditions, fees, taxes, inflation, and other factors not modeled here. This is not a prediction, guarantee, or recommendation. Consult a licensed financial advisor for personalized projections.
Year-by-year breakdown
| Year | Shares (DRIP) | Annual income (DRIP) | Annual income (Cash) | Portfolio (DRIP) | Portfolio (Cash) |
|---|
On phones: switch the DRIP / Cash toggle above to flip what this table shows.
DRIP vs cash: what's the difference?
Every quarterly dividend auto-buys more VOO shares at that day's price.
Those new shares generate their own dividends next quarter. Income compounds.
Dividends land in your brokerage cash account every quarter.
Your share count stays fixed. Income only grows if the per-share dividend grows.
Default assumptions
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Frequently Asked Questions
How much dividend income does VOO pay per share?
VOO currently pays approximately $7.49 per share annually in dividends, distributed as four quarterly payments. Based on a share price of around $582, this equates to a trailing 12-month yield of roughly 1.29%. The exact amount varies each quarter based on dividends collected from the underlying S&P 500 companies.
What is the difference between DRIP and cash dividends?
With DRIP (Dividend Reinvestment Plan), your dividends automatically purchase additional VOO shares, which then generate their own dividends. That is compound growth. With cash dividends, you receive the payment as cash in your brokerage account. Over long periods, DRIP typically produces significantly more total wealth because of compounding, but cash dividends provide immediate income you can spend. Most brokerages including Fidelity, Schwab, and Vanguard offer free DRIP enrollment.
How fast do VOO dividends grow?
VOO's annual dividend has grown at an average rate of roughly 5 to 7% per year since inception, reflecting the dividend growth of the S&P 500 companies it holds. However, dividend growth is not guaranteed and can vary significantly year to year. In some years growth has exceeded 10%, while in others (such as 2020) dividends were roughly flat or declined slightly. The dividend history page has the full record.
Are VOO dividends taxable?
Yes. VOO dividends are taxable income in the year received, regardless of whether you reinvest them. Most VOO dividends qualify for the lower long-term capital gains tax rate (0%, 15%, or 20% depending on your income). In a Roth IRA, dividends grow and can be withdrawn tax-free. In a traditional IRA or 401(k), dividends are tax-deferred until withdrawal. See the VOO tax guide for details.