Does SCHD pay monthly or quarterly dividends?

Quarterly. SCHD (the Schwab U.S. Dividend Equity ETF) pays four dividends a year, in March, June, September, and December. It is not a monthly payer, unlike some high-income ETFs.

What months does SCHD pay dividends?

March, June, September, and December. The exact ex-dividend and payment dates shift slightly each year, but the four-payments-per-year cadence in those months has been consistent.

How do I make sure I receive the next SCHD dividend?

Buy shares before the ex-dividend date and hold through that date. If you own the shares at the start of the ex-dividend day you receive the payment; if you buy on or after the ex-dividend date, the seller receives it. The payment arrives roughly one to two weeks later.

How much does SCHD pay per share?

The per-share dividend changes every quarter. Over the past year the four payments have totaled roughly $1 per share, for a yield around 3%. The exact amount is set each quarter, so confirm the current figure on the official Schwab fund page.

Are SCHD dividend dates the same every year?

The months are consistent (March, June, September, December), but the exact dates move a few days each year and are only final when Schwab declares them. Always check the declared ex-dividend and payment dates for the specific quarter before trading around them.

By the Dividend Payout Calculator editorial team · 2026-08-06 · How we calculate

SCHD Dividend Calendar 2026: Ex-Dividend and Pay Dates

Upcoming SCHD distribution

Next projected ex-dividend date: ~Sep 23, 2026 (about 7 days after Sep 16, 2026) — projected from the quarterly cadence, not yet declared.
Recent actual distributions (per share): Jun 24, 2026 · $0.253 / Mar 25, 2026 · $0.257 / Dec 10, 2025 · $0.278
Trailing 12-month distribution yield: ~3.0% (at a recent price of $34.33)
Payments typically land within about a week of the ex-dividend date — confirm exact dates and amounts on the official fund page.

Data as of Sep 16, 2026 · source: Yahoo chart?events=div · projected from historical cadence, confirm on the official fund page.

SCHD (the Schwab U.S. Dividend Equity ETF) pays dividends quarterly, in March, June, September, and December. It is not a monthly payer. The exact ex-dividend and payment dates move a few days each year and are only final once Schwab declares them. This page lays out the typical schedule, how the dividend cycle works, and how to confirm the live 2026 dates.

SCHD dividend calendar: dates by quarter

Quarter	Typical ex-dividend month	Typical payment timing
Q1	March	Late March to early April
Q2	June	Late June to early July
Q3	September	Late September to early October
Q4	December	Mid to late December

The ex-dividend date usually falls in the last third of those months, with payment following about one to two weeks later. Recent ex-dividend dates have landed around late June (Q2) and early-to-mid December (Q4), but treat these as a pattern, not a fixed calendar.

How the dividend cycle works

Declaration date: Schwab announces the amount and the key dates.
Ex-dividend date: the cutoff. Buy before this date to receive the dividend; buy on or after it and the seller keeps the payment.
Record date: usually one business day after the ex-dividend date, when Schwab checks who owns the shares.
Payment date: the cash lands in your brokerage account, typically one to two weeks after the ex-dividend date.

For SCHD, the date that matters for your trading is the ex-dividend date; the record and payment dates follow automatically.

How much does SCHD pay?

The per-share dividend changes every quarter. Over the past year the four payments have totaled roughly $1 per share, for a yield around 3%, but the exact amount is set each quarter and the yield moves with the share price. Estimate the current return with the SCHD dividend calculator.

How to confirm the exact 2026 dates

Open the official Schwab fund page for SCHD and check the “Distributions” section.
Watch for the declaration announcement a few weeks before the ex-dividend date each quarter.
In your brokerage, the ex-dividend and payment dates appear under the corporate-action details for your position.

Dates published before the official declaration are estimates. Always confirm the declared dates for the quarter you care about before trading around a dividend.

Dividend dates and amounts can change and are not official until declared. This page is information, not financial or tax advice.

Want to model how reinvested SCHD dividends could grow? Try the DRIP calculator, compare with a monthly payer on the monthly dividend calculator, or read what makes a good dividend yield.

Frequently asked questions

Try the dividend calculator or browse all dividend articles. Educational only — not financial advice.