SmarterDividends

HDV vs SCHD: Which Is the Better Dividend Stock?

As of July 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 3.15%, SCHD has the higher dividend-safety score, and SCHD trades at the larger discount to fair value (-36%).

MetricHDVSCHD
Forward yield3.06%3.15%
Annual dividend$0.88$1.05
Payout ratio
Years of growth0 yr14 yr
5-yr dividend growth1.9%9.1%
5-yr total return48%29%
Dividend safety score60 (C)84 (A)
Fair value estimate$12.32$21.33
Upside to fair value-57%-36%
Frequencyquarterlyquarterly
Market cap
P/E ratio22.819.2

Higher yield

SCHD

3.15%

Safer dividend

SCHD

Grade A

Faster growth

SCHD

9.1%

Better value

SCHD

-36% upside

HDV vs SCHD — FAQ

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