SCHD
SCHD Research
Schwab US Dividend Equity ETF
Next ex-dividend date: 2026-06-24 (15 days away)
3.18%
Forward yield
$1.028 / yr per share
Yield percentile (5y)
P 29
2.9% (P10)3.4% (med)3.9% (P90)
Expense ratio
0.06%
Growth-screened ETF · annual cost
Annual / share
$1.028
Quarterly · next ex-date 06-24 (15d)
vs 5y P90 reference
+14%
$32.29 vs $27.70 (5y P90 price)
Refreshed 2026-06-09Data coverage High — 16y history
01Fundamentals
SCHD presents a robust, quality-focused methodology with a 74/100 quality score and a 0.06% expense ratio, supporting a 5-year distribution growth rate of 26.11%/yr. However, its 3.25% forward yield is notably below the ~4.2% risk-free rate, and it carries high single-stock concentration with its top 10 holdings at 43.5%.
Bull caseThe ETF's impressive 26.11%/yr 5-year distribution growth rate is underpinned by its rigorous 4-factor quality screen and an ultra-low 0.06% expense ratio.
Bear caseThe 3.25% forward yield is considerably below the ~4.2% SGOV risk-free rate, partly due to the methodology's exclusion of higher-yielding REITs and MLPs.
02Holdings & methodology
| Expense ratio | 0.06% |
| Top 10 concentration | 43.5%10 holdings shown |
| Distribution frequency | quarterly16 consecutive years |
| 5y distribution growth (DGR) | 26.11% / yr |
| Equity position | 99.94%remainder in cash / bonds |
Top 10 holdings
| QCOMQualcomm Inc | 6.7% |
| TXNTexas Instruments Inc | 5.9% |
| UNHUnitedHealth Group Inc | 5.1% |
| KOCoca-Cola Co | 4.0% |
| MRKMerck & Co Inc | 3.9% |
| CVXChevron Corp | 3.8% |
| VZVerizon Communications Inc | 3.6% |
| PGProcter & Gamble Co | 3.5% |
| COPConocoPhillips | 3.5% |
| AMGNAmgen Inc | 3.5% |
Sector weights (top 6 non-zero)
| technology | 19.4% |
| consumer defensive | 18.5% |
| healthcare | 18.4% |
| energy | 14.6% |
| financial services | 9.1% |
| industrials | 7.4% |
Selection methodology
- Growth screen
- ✓requires dividend growth in selection rule
- Quality screen
- 4-factor composite (FCF/debt · ROE · indicated yield · 5y DGR)
- Continuity requirement
- ≥ 10 years of consecutive payments
- Excludes
- REITMLP
- Weighting
- Modified market-cap, single stock capped at 4.5%
- Rebalanced
- Quarterly · reconstituted annually in March
Tracks Dow Jones US Dividend 100 Index. Selects ~100 stocks with ≥10 consecutive years of dividends, screened on 4-factor quality (cash flow to total debt, return on equity, indicated annual yield, 5-year dividend growth rate). Requires market cap above 500M USD. Modified market-cap weighted, single stock capped at 4.5%. Excludes REITs and MLPs. Rebalanced quarterly, reconstituted annually in March.Methodology source: Schwab Asset Management / Dow Jones Indices · refreshed 2026-05
03Price reference
$10,000at current price →$318/ yr in dividends
Math: 3.18% forward yield. Historical 5y DGR is 26.1%/yr — past growth does not guarantee future results.
Below are statistical price references from the last 5 years of trading, anchored to historical drawdown events. They describe where the price has been — not where it should be.
$22.16
$27.70
$32.29
5y P10
5y P90
Now
| Current price | $32.29 |
| 5y P90 reference (high-yield 10% tail) | $27.70 — 14.2% lower |
| 5y P10 reference (low-yield 10% tail) | $22.16 — 31.4% lower |
| 5y max observed yield (at P10 price) | 4.0% |
| Annual dividend (frozen forward) | $1.028 / share · 3.18% yield |
Historical anchor · 2020-03 COVID Sell-off
Low $10.54 · drawdown 1492 days · yield reached 5.0%
COVID pandemic triggered global liquidity panic, market plunged 34% in 3 weeks
Important — this is reference data, not investment advice.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.