SmarterDividends
SCHD

Schwab U.S. Dividend Equity ETF

SCHD

ETF · ETF · quarterly payer

$35.78

Overvalued · -34% Add to Portfolio

Forward Yield

2.95%

Annual Dividend

$1.06

Payout Ratio

—

5-Yr Growth

9.1%

Ex-Date

—

Frequency

Quarterly

Key facts about SCHD's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, Schwab U.S. Dividend Equity ETF (SCHD) has a forward dividend yield of 2.95%, based on an annual dividend of $1.06 per share and a share price of $35.78.
  • As of Nov 2, 2026, SCHD's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Schwab U.S. Dividend Equity ETF (SCHD) has raised its dividend for 14 consecutive years as of Nov 2, 2026.
  • SCHD has never cut its regular dividend in the payment history SmarterDividends has on record.
  • SCHD's most recent ex-dividend date was Sep 23, 2026, for a dividend of $0.27 per share.
  • SCHD's dividend has grown at an average rate of 9.1% a year over the past five years.
  • As of Nov 2, 2026, SCHD's 2.95% yield is 16% below its five-year average yield of 3.52%.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for SCHD is $23.68 per share, 34% below the $35.78 share price, so SCHD screens as overvalued.
  • Schwab U.S. Dividend Equity ETF (SCHD) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "SCHD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/SCHD

Summary

As of Nov 2, 2026, Schwab U.S. Dividend Equity ETF (SCHD) yields 2.95% ($1.06 a year per share), has a dividend safety grade of A (83/100) and has 14 consecutive years of dividend increases on record.

Is SCHD a good dividend stock?

Yes

Schwab U.S. Dividend Equity ETF (SCHD) pays a quarterly dividend yielding 2.95% ($1.06/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 14 consecutive years of dividend growth
  • Never cut its dividend on record
  • Strong 9.1% 5-yr dividend growth
  • 41% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.95%
Payout Ratio
—
Annual Dividend
$1.06
5-Yr Avg Growth
9.1%
Ex-Dividend Date
—
Years of Growth
14
Frequency
quarterly
Beta
—
Market Cap
—
P/E Ratio
20.0
5-Yr Total Return
41%
52-Week Range
$26.32 – $36.10
Dividend Safety
A · 83/100
Ever Cut?
No

SCHD dividend distribution changes

Schwab U.S. Dividend Equity ETF (SCHD) has made 60 distributions since 2011; 34 were higher than the one before and 13 lower, as fund payouts track the income earned.

Ex-dateChangeOld → newMove
Sep 23, 2026Higher$0.253 → $0.267+5.5%
Jun 24, 2026Lower$0.257 → $0.253−1.6%
Mar 25, 2026Lower$0.278 → $0.257−7.6%
Dec 10, 2025Higher$0.260 → $0.278+6.9%
Jun 25, 2025Higher$0.249 → $0.260+4.4%
Mar 26, 2025Lower$0.265 → $0.249−6.0%
Dec 11, 2024Higher$0.252 → $0.265+5.3%
Sep 25, 2024Higher$0.247 → $0.252+1.8%
Dec 6, 2023Higher$0.218 → $0.247+13.3%
Sep 20, 2023Lower$0.222 → $0.218−1.5%
Jun 21, 2023Higher$0.199 → $0.222+11.4%
Mar 22, 2023Lower$0.234 → $0.199−15.1%
Every SCHD payment →Download every raise and cut (CSV)
SCHD ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →SCHD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SCHD a good dividend stock?

Yes. Schwab U.S. Dividend Equity ETF (SCHD) pays a quarterly dividend yielding 2.95% ($1.06/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is SCHD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SCHD's fair value is about $23.68 versus a $35.78 share price — so it looks overvalued (-34% vs. fair value).

Is SCHD's dividend safe?

SCHD has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is SCHD's fair value?

Our blended fair-value estimate for SCHD is about $23.68 per share, about 34% below the current $35.78 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SCHD a buy, hold, or sell?

We don't issue formal ratings, but on the data SCHD screens as "yes" and overvalued. Schwab U.S. Dividend Equity ETF (SCHD) pays a quarterly dividend yielding 2.95% ($1.06/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will SCHD cut its dividend?

SCHD earns a dividend-safety grade of A (83/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SCHD pay a dividend?

Yes. Schwab U.S. Dividend Equity ETF pays a quarterly dividend of about $1.06 per share annually, a forward yield of roughly 2.95%.

What is SCHD's dividend yield?

As of Nov 2, 2026, SCHD's forward dividend yield is 2.95%, based on a $1.06 annual dividend and a $35.78 share price.

What is SCHD's dividend per share?

As of Nov 2, 2026, SCHD pays $1.06 per share per year, distributed on a quarterly basis.

How many years has SCHD grown its dividend?

As of Nov 2, 2026, SCHD has increased its dividend for 14 consecutive years.

When is the next SCHD ex-dividend date?

As of Nov 2, 2026, SCHD's next ex-dividend date hasn't been announced. The most recent was Sep 23, 2026, for $0.27 per share.

Income Calculator

At $1.06 / yr per share

Per payment (quarterly)$26.38
Annual$105.50
Monthly avg$8.79

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