The Schwab U.S. Dividend Equity ETF (SCHD) just announced the payout for its Q2 dividend. This announcement results in SCHD raising the payout to $0.7038 per share which is up from $0.5176 in Q1. This raise of the payout is great news for investors in SCHD. Currently, this puts the dividend yield for SCHD at 4.16%.
SCHD is the largest holding in my portfolio. This raise of $0.1862 per share means that I will receive an extra $25.75 when the dividend is paid out on June 27, 2022. This also moves SCHD into the highest position in projected annual dividend income (PADI) in my portfolio by edging out Altria Group (MO).
While this is great news, there are some things to consider. The ex-date for SCHD is today, June 22, 2022. So, if you do not already own shares of SCHD then you will have to wait until next quarter to receive a payout of dividends. Also, SCHD has a variable payout that fluctuates from quarter to quarter as can be seen in the picture at the top of the article. Just because the payout is this high for Q2 does not mean it will be this high in future quarters.
One of the main things I enjoy about dividend growth investing is the consistent raises. SCHD is a quality ETF that consistently raises its dividend which is why I have made it my top holding. For those of you who hold SCHD, congratulations on the payout raise. For those of you who do not hold SCHD, now might be a good time to do some research to determine if it is a good fit for your portfolio.
As always, I share my entire portfolio. All of the positions I am invested in can be seen by clicking on “Overall Portfolio” in the menu above.
*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.
Below is a list of a few businesses I use. Check out some these offers.
Up to 5% Savings Rate!
I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. I got us both $50 from Varo.* Just open a Varo Bank Account using my link below, spend $20 on your new debit card, and we’ll both get paid. https://varomoney.com/r/?r=William360
Lolli offers a variety of stores that it is affiliated with and offers rewards for shopping at these stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. Who doesn’t want free bitcoin! If you are interested in Lolli and want to help support the blog here is my referral link: https://www.lolli.com/share/XP7gxDgqC4
Investing Made Easy
I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $10 but will vary from time to time and could be up to $50. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr
If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.