SCHD Q3 2024 Dividend Confirmed! Could This Be a Record Year for Dividends?
The SCHD Q3 2024 dividend has been confirmed. This quarter's dividend is $0.7545 per share, with an ex-dividend date of September 25 and payment on September 30. This represents a 15.3% increase compared to the same quarter last year, raising expectations among SCHD investors. Could this be the year of record-breaking dividends for SCHD? Speculation continues to grow.
SCHD Q3 2024 Dividend Details
- On September 25, 2024, SCHD announced a dividend of $0.7545 per share.
- This is a 15.3% increase from the Q3 2023 dividend, reflecting consistent dividend growth.
- The dividend payment date is September 30, 2024.
SCHD Q4 2024 Ex-Dividend and Payment Dates
- Q4 Ex-Dividend Date: December 6, 2024
- Q4 Payment Date: December 11, 2024
SCHD 2024 Dividend Performance and Forecast
With only one quarter remaining, let’s forecast SCHD’s 2024 performance and explore the potential for record-breaking dividend growth.
SCHD Annual Dividend Yield, Payouts, and Growth Rates (2012-2024)
| Year | Annual Dividend ($) | Dividend Yield (%) | Growth Rate (%) |
|---|---|---|---|
| 2012 | 0.73 | 2.10 | - |
| 2013 | 0.92 | 2.40 | 20.48 |
| 2014 | 1.08 | 2.60 | 17.39 |
| 2015 | 1.15 | 2.72 | 6.48 |
| 2016 | 1.26 | 2.90 | 9.57 |
| 2017 | 1.35 | 2.79 | 7.14 |
| 2018 | 1.44 | 2.77 | 6.67 |
| 2019 | 1.76 | 2.99 | 22.22 |
| 2020 | 2.03 | 3.32 | 15.34 |
| 2021 | 2.25 | 3.46 | 10.84 |
| 2022 | 2.50 | 3.51 | 11.11 |
| 2023 | 2.66 | 3.43 | 6.40 |
| 2024 | 2.93 (Projected) | 3.47 (Projected) | 15.01 (Projected) |
| Average | 1.82 | 2.92 | 12.44 |
SCHD’s total dividend payout for Q1-Q3 2024 is approximately $2.2, with a projected annual payout of around $2.93. This would make it the highest dividend payout in SCHD’s history. The expected 15% growth rate reflects a solid performance, marking a strong comeback after a single-digit growth rate in 2023.
SCHD Q3 2024 Portfolio - Top Holdings Breakdown
As of September 2024, SCHD (Charles Schwab U.S. Dividend Equity ETF) holds the following top stocks:
| Stock Name | Allocation (%) | Shares Held | Market Cap (Billion $) |
|---|---|---|---|
| Home Depot (HD) | 4.30% | 6,610,658 | 26.0 |
| Verizon (VZ) | 4.25% | 58,117,499 | 25.6 |
| Cisco Systems (CSCO) | 4.19% | 48,505,293 | 25.4 |
| BlackRock (BLK) | 4.19% | 2,719,377 | 25.3 |
| Texas Instruments (TXN) | 4.03% | 11,817,207 | 24.5 |
| Pfizer (PFE) | 4.02% | 84,914,186 | 24.4 |
| Chevron (CVX) | 4.02% | 16,968,491 | 24.4 |
| Bristol Myers Squibb (BMY) | 4.00% | 48,252,870 | 24.0 |
| Lockheed Martin (LMT) | 3.98% | 4,194,131 | 23.9 |
| Coca-Cola (KO) | 3.88% | 33,223,724 | 23.5 |
| AbbVie (ABBV) | 3.88% | 12,236,493 | 23.5 |
| Amgen (AMGN) | 3.83% | 7,291,048 | 23.1 |
| United Parcel Service (UPS) | 3.82% | 17,480,857 | 23.0 |
| PepsiCo (PEP) | 3.74% | 13,503,877 | 22.5 |
| Altria Group (MO) | 3.42% | 41,164,824 | 21.1 |
This portfolio reflects SCHD’s strategy of focusing on high-quality dividend-paying stocks that balance stable payouts with strong returns.
What SCHD Investors Need to Know
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Track the Ex-Dividend Date: SCHD pays dividends quarterly, but to receive a dividend, you must hold shares before the ex-dividend date. The Q3 2024 ex-dividend date was September 25, so make sure to purchase shares before the cut-off date to qualify for dividends.
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Plan Future Dividends: Curious about how much dividend income SCHD could generate? Use the Bebooja Dividend Calculator to input your investment amount and dividend yield, making it easier to plan your future investments.
Tax Considerations for SCHD Investments
When investing in U.S. ETFs, consider the tax implications on dividend income. U.S. dividend withholding tax is typically 15%, which is deducted at the time of payment. However, under the U.S.-Korea Double Taxation Agreement, you may be eligible for a refund to avoid double taxation.