Does Fidelity 500 Index pay dividends?
Last dividend for Fidelity 500 Index (FXAIX) as of March 28, 2024 is 0.70 USD. The forward dividend yield for FXAIX as of March 28, 2024 is 1.55%. Average dividend growth rate for stock Fidelity 500 Index (FXAIX) for past three years is 5.05%.
Overall Rating
Morningstar has awarded this fund 5 stars based on its risk-adjusted performance compared to the 1298 funds within its Morningstar Category.
The S&P 500 is an index, so it does not pay dividends; however, there are mutual funds and exchange-traded funds (ETFs) that track the index, which you can invest in. If the companies in these funds pay dividends, you'll receive yours based on how many shares of the funds you hold.
A dividend is a payment made by a company to share its profits with its shareholders. If your company stock pays a dividend, it goes into your Fidelity Account® as cash by default. But you could use that money to purchase more shares of company stock or other investments to help keep it invested and working for you.
How much is Fidelity 500 Index Fund's dividend? FXAIX pays a dividend of $0.7 per share. FXAIX's annual dividend yield is 1.76%.
| Return Type | 1 Yr | 5 Yrs |
|---|---|---|
| FUND Fidelity® 500 Index Fund | 26.29% | 15.68% |
| PRIMARY BENCHMARK S&P 500 Close Popover | 26.29% | 15.69% |
| MORNINGSTAR CATEGORY AVERAGE Large Blend Close Popover | 22.32% | 14.26% |
| AFTER TAXES ON DISTRIBUTIONS Close Popover |
Fidelity® 500 Index Fund is a diversified domestic large-cap equity strategy that seeks to closely track the returns and characteristics of the S&P 500® index. The S&P 500® is a market-capitalization-weighted index designed to measure the performance of 500 large-cap U.S. companies.
Basic Info. S&P 500 Dividend Yield is at 1.47%, compared to 1.62% last month and 1.74% last year.
| Stock | Dividend yield |
|---|---|
| Enbridge Inc. (ENB) | 7.6% |
| Ecopetrol SA (EC) | 14.6% |
| United Parcel Service Inc. (UPS) | 4.2% |
| OneMain Holdings Inc. (OMF) | 8.3% |
The S&P 500′s average dividend yield is approximately 2.00%.
How do I know if my stock pays dividends on Fidelity?
Investors can begin by logging into their Fidelity account and navigating to the 'Accounts & Trade' tab. From there, select the account for which dividend information is sought, and click on the 'Balances and Holdings' option. This will display a summary of the account, including any dividend payments received.
The formula for dividend yield is an annual cash dividend amount divided by current stock price. Typically, the annual dividend amount used is the sum of all cash dividends paid during the prior 12 months.
The ex-dividend date is the first day the stock trades without its dividend, thus ex-dividend. If you want to get the dividend payment, you need to own the stock by this day. That means you have to buy before the end of the day before the ex-dividend date to get the next dividend. In other words, it's the cut-off date.
| Fidelity Fund | 10-year Annualized Return |
|---|---|
| Fidelity Nasdaq Composite Index Fund (FNCMX) | 15.2% |
| Fidelity OTC Portfolio (FOCPX) | 16.2% |
| Fidelity Blue Chip Growth Fund (FBGRX) | 16.6% |
| Fidelity Select Software and IT Services Portfolio (FSCSX) | 17.2% |
| ETF | Assets Under Management | Dividend Yield |
|---|---|---|
| iShares Select Dividend ETF (DVYE) | $670 million | 9.3% |
| iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) | $889 million | 19.9% |
| Global X MLP ETF (MLPA) | $1.5 billion | 7.2% |
| Invesco KBW High Dividend Yield Financial ETF (KBWD) | $367 billion | 12% |
If you own shares of an exchange-traded fund (ETF), you may receive distributions in the form of dividends. These may be paid monthly or at some other interval, depending on the ETF.
Fidelity 500 Index (FXAIX): Best large-cap 401(k) investment. Vanguard Mid-Cap Index Institutional (VMCIX): Best mid-cap 401(k) investment.
FXAIX pays dividends quarterly.
Based on 506 Wall Street analysts offering 12 month price targets to Fidelity 500 Index Fund holdings in the last 3 months. The average price target is $198.82 with a high forecast of $234.03 and a low forecast of $162.71. The average price target represents a 9.11% change from the last price of $182.22.
Bottom Line. Overall, Vanguard and Fidelity are both great choices. They offer a wide range of investment options, low costs, and hands-off or active management depending on your preference. When it comes to index funds, Vanguard is hard to beat, with hundreds of low-cost options.
Is Fidelity Index Fund good?
Fidelity 500 Index Fund (FXAIX)
It's meant to serve as a benchmark of overall U.S. market performance and has outperformed 88% of all U.S. large-cap funds over the past 15 years as of Dec. 31.
On average, the Fidelity Contrafund has beaten the S&P 500 Index by 2.57% per year. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2023. Total value December 31, 2023 for Contrafund was $637,227, compared to $296,182 for the S&P 500 Index.
- AGNC Investment – 14.8%
- Oxford Square Capital – 13.7%
- Ellington Residential Mortgage REIT – 13.2%
- SLR Investment – 11.5%
- PennantPark Floating Rate Capital – 10%
- Main Street Capital – 7%
- Gladstone Investment – 6.9%
- Pembina Pipeline – 5.4%
| Stock | Market Capitalization | 12-month Trailing Dividend Yield |
|---|---|---|
| Modiv Industrial Inc. (MDV) | $112 million | 7.7% |
| LTC Properties Inc. (LTC) | $1.3 billion | 7.2% |
| Realty Income Corp. (O) | $44 billion | 6.4% |
| PermRock Royalty Trust (PRT) | $53 million | 10.3% |
Creating a diversified portfolio, understanding the implications of dividend reinvestment plans (DRIPs) and being aware of tax efficiency are vital steps in maximizing dividend income while minimizing risks. The dream of living off dividends is attainable with the right financial planning and investment strategy.
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