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Vanguard Internal Dividend Up Most Since 1997

FYI: Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual fund company said on Friday.

Daniel Wiener, who also runs a newsletter for Vanguard investors, said via e-mail that payouts made under the Pennsylvania company’s Partnership Plan are based largely on assets under management, which have risen sharply in recent years.
Regards,
Ted
https://www.reuters.com/article/vanguard-dividend/vanguard-internal-dividend-up-most-since-1997-adviser-idUSL2N1TA0YL
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