SCHD Dividend Calculator
Schwab U.S. Dividend Equity ETF distributes every quarter. The field below opens with SCHD's own recorded trailing payout of $1.0480 per share, as of 2026-08-17.
Enter the share price you are paying to see the projection. We publish no price data, so this is the one figure the page cannot fill in for you.
Payout figures read from Schwab Asset Management on Aug 17, 2026. You supply the share price. The SCHD record page holds every payment behind these figures.
What the SCHD Calculator Loads, and the Arithmetic Behind It
The 4 SCHD payments with ex-dates between September 24, 2025 and August 17, 2026 add up to $1.0480 per share once split adjustment is applied. Worked on a round position, 1,000 shares collected 1,000 × $1.0480 = $1,048.00 across that window, which is $87.33 a month if you flatten it and $262.00 per payment on the 4-payment cadence. The calculator performs the same multiplication against whatever share count your investment and share price produce.
Those 4 payments span 327 days rather than a full 365, because our SCHD record opens on September 19, 2016. The sum is a complete cadence year, meaning the full number of payments SCHD's schedule implies, rather than a complete calendar one. Read it as slightly conservative for a full year, and re-check it once the record deepens.
Year one of the model is that same multiplication; each later year multiplies $1.0480 by one plus the growth rate you type. The methodology page states the rest.
The one price-shaped figure on this page. Schwab Asset Management publishes a Distribution yield (TTM) of 3.13% for SCHD as of 2026-07-31. Our record puts SCHD's trailing twelve months at $1.0480 per share. Those two figures agree only at a share price near $33.48. That is arithmetic on two published numbers rather than a quote, and it goes stale the moment the market moves. Use the price you can actually buy at.
What SCHD's quarterly Cadence Does to the Model
SCHD distributes every quarter, which is 4 payments a year. The projection above steps once a year, so a twenty-year run performs 20 reinvestments where SCHD would have offered 80. Every payment between the annual steps is treated as though it arrived on the last day of the year. Observed gaps between SCHD ex-dates ran 77 to 105 days, median 91.
Reinvesting each of those 4 payments as it landed, rather than once at the end of the year, earns more than the annual step shows, because earlier shares collect later payments. Holding the share price flat so timing is the only moving part, and computed from SCHD's own payment weights, a 3.1% distribution rate gives 1.17% more first-year income, and a 4% distribution rate gives 1.51% more first-year income, and a 20% distribution rate gives 7.75% more first-year income. The effect scales with the rate you are modelling, which is why it matters more for a high-distribution fund than for a slow grower, and it stays small next to the variability in the payout itself.
One term decides how far the annual step falls short, and for SCHD it is 37.5%: a measure of how evenly the window's cash is split across its payments. A single lump scores zero, four equal payments 37.5%, twelve 45.8%, and fifty-two 49.0%. SCHD sits below the even end, because its cash is concentrated into fewer or more unequal payments, and the annual step distorts less there than it would for a smooth stream.
Where SCHD's Cash Actually Landed
The 11 complete calendar months ending Jul 2026, from SCHD's recorded ex-dates, split-adjusted, as of 2026-08-17. Income is what 1,000 shares would have collected. A projection divides one annual figure by twelve; the record did this instead.
| Month | Payments | Per Share | On 1,000 Shares | Share of Window |
|---|---|---|---|---|
| Sep 2025 | 1 | $0.2604 | $260.40 | 24.8% |
| Oct 2025 | 0 | $0.0000 | $0.00 | 0.0% |
| Nov 2025 | 0 | $0.0000 | $0.00 | 0.0% |
| Dec 2025 | 1 | $0.2782 | $278.20 | 26.5% |
| Jan 2026 | 0 | $0.0000 | $0.00 | 0.0% |
| Feb 2026 | 0 | $0.0000 | $0.00 | 0.0% |
| Mar 2026 | 1 | $0.2569 | $256.90 | 24.5% |
| Apr 2026 | 0 | $0.0000 | $0.00 | 0.0% |
| May 2026 | 0 | $0.0000 | $0.00 | 0.0% |
| Jun 2026 | 1 | $0.2525 | $252.50 | 24.1% |
| Jul 2026 | 0 | $0.0000 | $0.00 | 0.0% |
| 11 months | 4 | $1.0480 | $1,048.00 | 100.0% |
Dec 2025 was the largest month at $0.2782 per share, carrying 26.5% of the 11-month total on its own. 7 of the 11 months paid nothing at all, which is what a quarterly or occasional schedule looks like once a monthly income plan is laid over it.
Shares and Capital for a Monthly Income Target from SCHD
Share counts that would have produced each monthly target at SCHD's recorded trailing payout of $1.0480 per share, as of 2026-08-17. This is division on a recorded figure, not advice, and the payout can move. The capital column multiplies the share count by $33.48, the price implied by Schwab Asset Management's published Distribution yield (TTM), and is only as current as that published rate from 2026-07-31.
| Monthly Target | A Year | SCHD Shares | Average per Payment | Capital at $33.48 |
|---|---|---|---|---|
| $200 | $2,400 | 2,291 | $600.24 | $76,708 |
| $750 | $9,000 | 8,588 | $2,250.06 | $287,547 |
| $2,000 | $24,000 | 22,901 | $6,000.06 | $766,781 |
| $5,000 | $60,000 | 57,252 | $15,000.02 | $1,916,936 |
Read the monthly column as an average rather than a schedule. On the record above, 7 of the last 11 months delivered nothing, so a holder of 22,901 shares aiming at $2,000 a month received it in 4 lumps instead. The record-side arithmetic, at different target levels, is on the SCHD record page.
The Growth Input for SCHD
SCHD has a realised rate you can use instead of a guess: 11.2% a year, measured as the compound annual rate between SCHD's split-adjusted 2017 payout of $0.4486 and its 2025 payout of $1.0476, which is 8 years of record. A realised rate is still an assumption about the future once you type it into a projection, but it is an assumption with a measurement behind it, which an invented 8% is not.
Per share, with no price assumption anywhere in it, this is what that rate does to SCHD's payout against holding it flat. The cumulative column sums the payout from year one through the year shown.
| Year | Flat at $1.0480 | At 11.2% | Cumulative at 11.2% |
|---|---|---|---|
| Year 1 | $1.0480 | $1.0480 | $1.05 |
| Year 5 | $1.0480 | $1.6016 | $6.55 |
| Year 10 | $1.0480 | $2.7213 | $17.68 |
| Year 20 | $1.0480 | $7.8566 | $68.73 |
By year twenty the difference between 11.2% and zero is $6.8086 per share, which is 650% of the flat figure. That is the sensitivity of an entire projection to one field. Run it at the realised rate, run it again at zero, and treat the gap between the two answers as the honest result.
What Makes SCHD Hard to Model
Each item is triggered by something computed from SCHD's own record and carries the figure that triggered it.
7 of the last 11 months paid SCHD holders nothing. The monthly income figure a projection implies is an annual total divided by twelve. On the record, SCHD's cash arrived in 4 of 11 calendar months, with Dec 2025 the largest at $0.2782 per share. Anyone planning to spend the income needs the payment months, not the average, and the months are in the table above.
The model deducts no fees, and SCHD charges 0.06% a year. Fund expenses come out of the fund before a distribution is declared, so SCHD's recorded payments are already net of them and the income column needs no adjustment. The value column is a different matter: compounded over a twenty-year projection, a 0.06% annual charge accounts for about 1.2% of the position, and the projection shows none of it. Read the ending value as a pre-fee, pre-tax figure.
SCHD's record crosses a share split, and the calculator loads the adjusted figure. SCHD split 3-for-1 on October 10, 2024. Every figure this page feeds the calculator is restated in current share terms, so a pre-split payment is comparable with a post-split one. If you pull an annual dividend figure from a source that does not adjust, the split reads as a cut of 67% and the projection inherits it. See what split adjustment does to the arithmetic.
Starting a SCHD Projection Today
A projection books a full year of income in year one. Today is August 21, 2026, 233 days into 2026. SCHD has already gone ex-dividend 2 times in 2026, for $0.5094 per share, and buying now collects none of it. On the observed cadence, about 2 more payments would fall before 31 December, which is 50% of a normal year for SCHD. That is a read of the record rather than a schedule SCHD has published.
Nothing further is declared for SCHD on our record, so every payment inside the projection is a modelled one. Based on the 91-day gap the record shows, the next ex-date would ordinarily land between Sep 13, 2026 and Oct 3, 2026, which is a pattern rather than an announcement. Read year one as twelve months from your purchase date, not the rest of this calendar year.
Frequently Asked Questions
What annual dividend figure should I use for SCHD?
$1.0480 per share, the sum of the 4 split-adjusted SCHD payments with ex-dates between September 24, 2025 and August 17, 2026, read from Schwab Asset Management: SCHD fund page on 2026-08-17. It is already in the field. It records what was paid; it is not a rate the payer has committed to.
What growth rate should I put in the SCHD calculator?
The rate SCHD's own record realised is 11.2% a year, measured as the compound annual rate between SCHD's split-adjusted 2017 payout of $0.4486 and its 2025 payout of $1.0476, which is 8 years of record. Using a realised rate beats inventing one, though it is still an assumption about the future rather than a property of it. Run the projection at that rate and again at zero, and read the gap as the answer.
How many SCHD shares would pay $5,000 a month?
About 57,252 shares at the trailing payout of $1.0480 per share, which is $60,000 a year. Spread over 4 payments a year that averages $15,000.02 a payment, and the payments are not equal. At the price implied by Schwab Asset Management's published Distribution yield (TTM) of 3.13%, that share count costs about $1,916,936, which is arithmetic on two published figures rather than a price quote.
Does the projection subtract SCHD's 0.06% expense ratio?
Not separately, and on the income side it does not need to: SCHD's recorded distributions are already net of fund expenses, because the fee comes out before a distribution is declared. The value column is where the omission bites, since the projection grows the position at whatever price growth you type with no annual charge deducted from it.
Why does the SCHD calculator ask me for the share price?
Because we publish no prices. Every figure here carries the date its source was read, and a live quote cannot. The one price-shaped figure on this page, $33.48, is not a quote either: it is the price at which Schwab Asset Management's published Distribution yield (TTM) of 3.13% as of 2026-07-31 and our own recorded payout agree.
Every payment, split adjustment, and calendar-year total behind these figures is on the SCHD dividend history page. Other quarterly payers in coverage are on the coverage table. The general-purpose tools sit on the calculator hub, and the model is written out on the methodology page.