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VOO Dividend Calculator: Project Vanguard S&P 500 ETF Dividend Income

VOO tracks the S&P 500 and charges one of the lowest expense ratios available in any ETF. It is not an income fund — its yield is modest — but its total return and dividend growth have made it the default core holding for long-term investors.

Because the starting yield is low, VOO is usually the wrong tool for producing income today but a strong engine for building it over time: reinvested dividends compound alongside broad U.S. market growth, and the distribution per share has historically risen with corporate earnings.

This calculator projects income with reinvestment on or off, models contributions, and solves backwards from a monthly goal so you can see how much capital VOO would need to generate it.

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Data as of September 27, 2026 · Sources: Yahoo Finance and fund fact sheets.

Share price
$710.79
Dividend yield (TTM)
1.04%
Expense ratio
0.03%
Distribution frequency
Quarterly
TTM distributions / share
$7.34
Assets under management
$1.8T
How much VOO do you need for your income goal?

Capital required at the current 1.04% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$576.9K812
$1,000/month$12.0K$1.2M1,624
$2,000/month$24.0K$2.3M3,247
$3,000/month$36.0K$3.5M4,870
$5,000/month$60.0K$5.8M8,117
$10,000/month$120.0K$11.5M16,234

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

Who VOO is for
  • Long-horizon investors prioritizing total return over current income
  • Retirement accounts that want a low-cost broad-market core
  • Building a future income stream through decades of DRIP compounding
  • Investors who want one simple holding instead of a dividend screen
Trade-offs to understand
  • Very low starting yield — income-focused investors will need large capital or higher-yield holdings
  • Quarterly distributions only
  • Concentrated in U.S. large caps, with heavy weight in a handful of mega-caps

About VOO

Tracks the S&P 500 Index — 500 largest U.S. companies, market-cap weighted. The benchmark for U.S. large-cap equity exposure at one of the lowest expense ratios available.

VOO key facts
MetricValue
Fund nameVanguard S&P 500 ETF
IssuerVanguard
CategoryBroad Market
Inception date2010-09-07
Share price$710.79
NAV$710.83
Dividend yield (TTM)1.04%
Expense ratio0.03%
Distribution frequencyQuarterly
Assets under management$1.8T
1-year return14.85%
5-year return (annualized)14.74%
3-year beta1.00

Historical returns are not a forecast. Figures shown are the latest available and may differ slightly from issuer fact sheets.

VOO dividend history and payout schedule
TTM / share
$7.34
Yield (TTM)
1.04%
Annual growth
6.8%
Pays in
March, June, September, December
Payment datePer share
June 26, 2026$1.96
March 27, 2026$1.87
December 22, 2025$1.77
September 29, 2025$1.74
June 30, 2025$1.75
March 27, 2025$1.81
December 23, 2024$1.74
September 27, 2024$1.64

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended by the fund.

Top holdings

The largest positions in VOO, by portfolio weight.

  • NVDANVIDIA Corp8.08%
  • AAPLApple Inc7.03%
  • MSFTMicrosoft Corp5.70%
  • AMZNAmazon.com Inc3.84%
  • GOOGLAlphabet Inc Class A3.01%
  • AVGOBroadcom Inc2.65%
  • GOOGAlphabet Inc Class C2.40%
  • METAMeta Platforms Inc Class A1.90%
Sector allocation

Sector exposure reported by the fund provider.

  • Information Tech30.20%
  • Financials13.40%
  • Health Care11.60%
  • Consumer Disc.10.50%
  • Communication9.10%
  • Industrials8.30%
VOO frequently asked questions

VOO yields about 1.04% per year on a trailing basis at $710.79 per share. That is lower than dedicated dividend ETFs because the S&P 500 includes many low- or no-dividend growth companies; the trade-off is broader diversification and total return.

At a 1.04% yield, $12,000 of annual income needs roughly $1.2M invested, or about 1,624 shares. Most investors reach that target by contributing and reinvesting over time rather than buying the full position up front.

VOO distributes quarterly, historically in the months of March, June, September, December. The trailing twelve-month total is about $7.34 per share. Dividends are paid from the underlying S&P 500 constituents and can vary with index composition.

The S&P 500's aggregate dividend has historically grown over long periods even when the yield stays low, because both prices and payouts rise. Comparing the latest twelve months of distributions with the same period four years earlier, VOO's per-share payout has changed by roughly 6.8% per year.

VOO targets total return through broad market exposure at rock-bottom cost; SCHD targets a higher starting yield with a dividend-quality screen. Many investors hold both: VOO as the growth engine and SCHD for income and dividend growth. The calculator lets you compare either.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Fund data is sourced from Yahoo Finance and issuer fact sheets and may be delayed or contain errors. Dividend yields and distributions are not guaranteed. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.