Buying Before Ex-Dividend Date

As I expected, SCHD declared the final dividend of 2024. SCHD currently yields 3.46% and has a 5-year dividend growth rate of 11.59%. This is well in excess of the current inflation data. Furthermore, SCHD has grown the dividend for the last thirteen years.

As I looked at SCHD on Seeking Alpha this morning, I see that SCHD declared a fourth quarter dividend of $0.2645. For the comparable quarter last year, the dividend was $0.2474. This is an increase of $0.0171 per share or a 6.9% increase.

The actual year-over-year increase was 12.2% according to StockRover. That is excellent. The details are shown in the following Seeking Alpha image.

December 11 Buys

I purchased 1,000 shares of SCHD for my traditional IRA, an additional 100 shares for my ROTH, and another 25 shares for Cindie’s ROTH IRA. In addition, I purchased 40 shares of SCHD for each of the UTMA accounts for our grandchildren. Our holdings, not including the UTMA accounts is now 4,225 shares. Those shares are worth about $119K. VYM continues to be our largest ETF holding, but I plan to continue to add to the SCHD holdings as incoming dividends permit. Sadly, I should have purchased the shares on December 10th, but it really doesn’t make a huge difference either way.

Schwab U.S. Dividend Equity ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. It invests in public equity markets of the United States. It invests in stocks of companies operating across energy, materials, industrials, consumer discretionary, consumer staples, health care, financials, information technology, communication services, utilities sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. It seeks to track the performance of the Dow Jones U.S. Dividend 100 Index, by using full replication technique. Schwab Strategic Trust – Schwab U.S. Dividend Equity ETF was formed on October 20, 2011 and is domiciled in the United States.

Loading up on more ETF SCHD for the Easy Income Strategy.

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100™ Index. To pursue its goal, the fund generally invests in stocks that are included in the index. The index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios. The fund will invest at least 90% of its net assets in these stocks. Benchmark: DJ US Dividend 100 TR USD