VFL (Delaware Investments Natl Muniome) Dividend Payout Ratio: 6.00 (As of Mar. 2026) — 722% Above Median

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Delaware Investments Natl Muni Income VFL

What is Delaware Investments Natl Muniome Dividend Payout Ratio?

Delaware Investments Natl Muniome VFL -0.58% 32 Dividend Payout Ratio is 6.00 as of Mar. 2026, which is 722% above its 10-year median of 0.73. GuruFocus rates VFL with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 929 Asset Management companies, Delaware Investments Natl Muniome ranks worse than 90.64% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Delaware Investments Natl Muniome's Dividend Payout Ratio for the months ended in Mar. 2026 was 6.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Delaware Investments Natl Muni Income is 2.56, which seems too high.

The historical rank and industry rank for Delaware Investments Natl Muniome's Dividend Payout Ratio or its related term are showing as below:

VFL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.73 Max: 2.56
Current: 2.56

During the past 13 years, the highest Dividend Payout Ratio of Delaware Investments Natl Muniome was 2.56. The lowest was 0.20. And the median was 0.73.

VFL's Dividend Payout Ratio is ranked worse than
90.64% of 929 companies
in the Asset Management industry
Industry Median: 0.69 vs VFL: 2.56

As of today (2026-07-26), the Dividend Yield % of Delaware Investments Natl Muniome is 5.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Delaware Investments Natl Muniome was 6.74%. The lowest was 3.52%. And the median was 4.98%.

Delaware Investments Natl Muniome's Dividends per Share for the months ended in Mar. 2026 was $0.30.

During the past 12 months, Delaware Investments Natl Muniome's average Dividends Per Share Growth Rate was 3.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Delaware Investments Natl Muniome was 10.50% per year. The lowest was -16.00% per year. And the median was -0.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Delaware Investments Natl Muniome (AMEX:VFL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Delaware Investments Natl Muniome Dividend Payout Ratio Related Terms

Delaware Investments Natl Muniome Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Delaware Investments Natl Muniome's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delaware Investments Natl Muniome Dividend Payout Ratio Chart

Delaware Investments Natl Muniome Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Sep24

Sep25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.30

0.00

0.20

0.00

Delaware Investments Natl Muniome Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.11	0.49	0.00	1.63	6.00

VFL vs WEA, JHS, NMT: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Delaware Investments Natl Muniome's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Delaware Investments Natl Muniome Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Delaware Investments Natl Muniome's Dividend Payout Ratio falls into.

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32GF Score

Delaware Investments Natl Muni Income VFL

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Delaware Investments Natl Muniome Dividend Payout Ratio Calculation

Delaware Investments Natl Muniome's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2025 )	/	EPS without NRI (A: Sep. 2025 )
	=	0.6	/	-0.42
	=	N/A

Delaware Investments Natl Muniome's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.3	/	0.05
	=	6.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 6.00 mean?

Delaware Investments Natl Muniome (VFL) has a Dividend Payout Ratio of 6.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Delaware Investments Natl Muniome and its competitors. This is 722% above median its historical median of 0.73. Over the past decade, Delaware Investments Natl Muniome's Dividend Payout Ratio has ranged from 0.20 to 2.56. According to the industry distribution chart, Delaware Investments Natl Muniome ranks #842 out of 929 companies in the Asset Management industry, placing it in the top 90.6%.

Is Delaware Investments Natl Muniome's Dividend Payout Ratio too high?

Delaware Investments Natl Muniome's current Dividend Payout Ratio of 6.00 is 722% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 2.56. The Asset Management industry median Dividend Payout Ratio is 0.69. Delaware Investments Natl Muniome's value of 6.00 is 769.6% above this industry median. Based on the distribution chart, Delaware Investments Natl Muniome ranks #842 out of 929 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Delaware Investments Natl Muniome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.

How does Delaware Investments Natl Muniome's Dividend Payout Ratio compare to WEA and JHS?

According to the Asset Management industry distribution chart, Delaware Investments Natl Muniome ranks #842 out of 929 companies for Dividend Payout Ratio. This places Delaware Investments Natl Muniome in the lower half of its industry. The industry median Dividend Payout Ratio is 0.69. Delaware Investments Natl Muniome's value of 6.00 is 769.6% above this benchmark. Historically, Delaware Investments Natl Muniome's own Dividend Payout Ratio has ranged from 0.20 to 2.56 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.69, Delaware Investments Natl Muniome has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.69, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delaware Investments Natl Muniome's current Dividend Payout Ratio of 6.00 is 769.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Delaware Investments Natl Muniome and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delaware Investments Natl Muniome's current Dividend Payout Ratio is 6.00, which is 722% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Delaware Investments Natl Muniome stock overvalued right now?

Delaware Investments Natl Muniome (VFL) has a current Dividend Payout Ratio of 6.00. The current Dividend Payout Ratio is 6.00, which is 722% above median its 10-year median of 0.73 and 769.6% above the Asset Management industry median of 0.69. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Delaware Investments Natl Muniome (VFL), the current Dividend Payout Ratio is 6.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Delaware Investments Natl Muniome Business Description

Industry Financial Services Asset Management

Comparable Companies WEA JHS NMT CXE OXSQ GGZ CGO GNT DMO BWG BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address 1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103

Website https://www.aberdeeninvestments.com

Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.

32GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.31

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