Vanguard's S&P 500 Fund Has Raised Its Payout 71% Since 2016. Its Yield Has Nearly Halved.
Vanguard's S&P 500 ETF (VOO) increased its payout by 71% from 2016 to 2025, but its yield halved due to price growth. The S&P 500's dividends also rose 73% over the same period, with companies prioritizing buybacks over higher yields. VOO's yield is now around 1%, making it less attractive for income-focused investors.

