About Vanguard GNMA Fund Admiral Shares (VFIJX) — Dividend Analysis 2026
This bond fund specializes in government mortgage-backed securities. The fund primarily invests in GNMA securities, which are backed by the full faith and credit of the U.S. government and typically offer a higher yield than U.S. Treasuries. In addition to other bond market risks, the fund is subject to prepayment risk. When mortgage refinance activity is high, the yield on the fund is likely to decrease. Investors with a medium-term time horizon and a goal of monthly income may wish to consider the fund for the fixed income portion of their portfolio. Please note: U.S. government backing of agency securities applies only to the underlying securities and does not prevent share-price fluctuations in the fund.
Is VFIJX a good dividend investment in 2026?
VFIJX offers a 3.76% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
VFIJX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your VFIJX portfolio grows to $14.5K vs $13.8K without reinvestment. This is the compound interest effect in action.
VFIJX dividend growth history & forecast
VFIJX has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 3.76%.
Company generates negative FCF ($-71M) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.0B → +0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 VFIJX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold VFIJX.
Gross yield
3.76%
Tax rate
15.00%
After-tax yield
3.20%
Real yield (−CPI)
0.40%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
3.76%
0.96%
$376 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.20%
0.40%
$320 / yr
🇺🇸 US Taxable (20%)
20%
3.01%
0.21%
$301 / yr
🇬🇧 UK ISA
0%
3.76%
0.96%
$376 / yr
🇬🇧 UK Taxable
8.75%
3.43%
0.63%
$343 / yr
🇨🇦 TFSA
0%
3.76%
0.96%
$376 / yr
🇨🇦 CA Taxable
25%
2.82%
0.02%
$282 / yr
🇦🇺 Super (pension)
15%
3.20%
0.40%
$320 / yr
🇦🇺 AU Taxable
30%
2.63%
-0.17%
$263 / yr
🇩🇪 DE Taxable
26.375%
2.77%
-0.03%
$277 / yr
🇫🇷 FR Taxable
30%
2.63%
-0.17%
$263 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 VFIJX Income Goal & Break-Even
Dividend Break-Even
32yr
Years for dividends to fully repay your VFIJX investment of $9.42/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$3.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$1.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in VFIJX for:
Shares needed
79,786
Capital required
$751,584
Monthly income
$2,000
Based on current dividend of $0.35/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 VFIJX Dividend Payment Schedule
VFIJX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.75 / payment
$3.01 / year after tax
100 shares
$7.52 / payment
$30.08 / year after tax
1,000 shares
$75.20 / payment
$300.81 / year after tax
📊 VFIJX vs Financial Services Benchmarks
How VFIJX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+0.86% vs sectorBetter
VFIJX
3.76%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
VFIJX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
VFIJX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for VFIJX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ VFIJX Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
18.86
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the VFIJX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →