SmarterDividends

HDV vs SCHD: Which Is the Better Dividend Stock?

As of September 2026, SCHD (Schwab U.S. Dividend Equity ETF) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. SCHD offers the higher yield at 3.11%, SCHD has the higher dividend-safety score, and SCHD trades at the larger discount to fair value (-37%).

MetricHDVSCHD
Forward yield2.99%3.11%
Annual dividend$0.85$1.05
Payout ratio
Years of growth0 yr14 yr
5-yr dividend growth1.9%9.1%
5-yr total return46%30%
Dividend safety score62 (C)84 (A)
Fair value estimate$11.92$21.33
Upside to fair value-59%-37%
Frequencymonthlyquarterly
Market cap
P/E ratio21.318.6

Higher yield

SCHD

3.11%

Safer dividend

SCHD

Grade A

Faster growth

SCHD

9.1%

Better value

SCHD

-37% upside

HDV vs SCHD — FAQ

See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.