LQD vs SCHD: Which Is the Better Dividend Stock?
As of September 2026, LQD and SCHD are closely matched. LQD offers the higher yield at 4.84%, SCHD has the higher dividend-safety score.
| Metric | LQD | SCHD |
|---|---|---|
| Forward yield | 4.84% | 3.18% |
| Annual dividend | $3.19 | $1.06 |
| Payout ratio | — | — |
| Years of growth | 4 yr | 14 yr |
| 5-yr dividend growth | 6.1% | 9.1% |
| 5-yr total return | — | 30% |
| Dividend safety score | — | 84 (A) |
| Fair value estimate | — | $21.33 |
| Upside to fair value | — | -37% |
| Frequency | monthly | quarterly |
| Market cap | — | — |
| P/E ratio | 31.3 | 18.3 |
Higher yield
LQD
4.84%
Safer dividend
SCHD
Grade A
Faster growth
SCHD
9.1%
LQD vs SCHD — FAQ
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