Schwab Just Declared SCHD's Q3 2026 Dividend
The number SCHD investors have been waiting on all quarter is finally here. On September 22, 2026, Schwab Asset Management declared the Q3 2026 distribution for the Schwab U.S. Dividend Equity ETF ($SCHD): $0.2665 per share.
That payout is higher than last year's Q3 dividend of $0.2604 (+2.3%) and up from the Q2 2026 payout of $0.2525 (+5.5%). For income investors, the year-over-year comparison is the one that matters most, because SCHD's payouts swing quarter to quarter based on when its roughly 100 holdings pay their own dividends.
The timing is tight this quarter. The ex-dividend date is tomorrow, Wednesday, September 23. If you want this payout, you need to own SCHD before the opening bell on the 23rd. Buy on the ex-date or later and the Q3 dividend goes to the seller.
SCHD Q3 2026 Key Dividend Dates
| Event | Date | What It Means |
|---|---|---|
| Declaration Date | Tue, Sep 22, 2026 | Schwab announces the per-share amount |
| Ex-Dividend Date | Wed, Sep 23, 2026 | Own shares before this date to qualify |
| Record Date | Wed, Sep 23, 2026 | Shareholders of record get paid |
| Pay Date | Mon, Sep 28, 2026 | Cash hits your brokerage account |
Every 2026 ex-date, record date, and pay date lives on our SCHD 2026 Dividend Dates page →
⭐ Track SCHD next to 139 other income ETFs. TopDividendETFsPro.com logs daily yield and total return history so you can see how every payout stacks up.
Explore Pro →How Did Our SCHD Q3 Prediction Do?
Our model called $0.2740 with a range of $0.2670 to $0.2820. The official figure came in at $0.2665, $0.0075 below our estimate and just $0.0005 under the low end of our projected range.
We built that estimate on our SCHD Q3 2026 dividend prediction page using three separate models: the holding raises that could land inside the Q3 collection window, the $WEN and $SWKS cuts, and the drag from new share creation during Q2. Readers also submitted their own calls on the community leaderboard.
Our Model
Actual Q3 2026
Model Miss
🏆 Did You Nail the SCHD Q3 Dividend?
The official number is in. See where your prediction landed on the community leaderboard and who came closest.
See the Leaderboard →What Drove SCHD's Q3 2026 Dividend?
SCHD is a pass-through fund. It collects the dividends paid by the companies it owns during the quarter, subtracts its tiny 0.06% expense ratio, and passes the rest to shareholders. So the Q3 number is really a report card on the portfolio.
The tailwinds: We tracked 17 SCHD holdings that raised their dividends this quarter, led by Regions Financial ($RF) at +13.2%, Broadridge ($BR) at +11.8%, and Blackstone ($BX) at +11.2%. Heavier positions like Altria ($MO, +4.7%) matter more than the headline percentages suggest, since what moves SCHD's payout is weight multiplied by raise. Ethan Allen ($ETD) also paid a $3.00 special dividend.
The headwinds: Wendy's ($WEN) cut its dividend 50% and Skyworks ($SWKS) suspended its payout entirely. Both are small weights, but they pull in the other direction. New share creation also dilutes the income pool, because more shares outstanding means the collected cash is split more ways.
The timing effect: Not every raise lands in Q3. Texas Instruments' ($TXN) +7% raise, the heaviest raiser by weight this quarter, first pays on November 10. That extra cash shows up in SCHD's Q4 distribution, not this one.
📈 See Every Raise Behind the Number
Our SCHD Q3 2026 Dividend Tracker lists all 17 holding raises sorted by weight in SCHD, plus the cuts and the $ETD special dividend.
How Much Will You Get from SCHD's Q3 Dividend?
Here is what the Q3 2026 payout of $0.2665 per share means at different position sizes. The middle column shows how much more (or less) that position earns compared with Q3 2025. The last column annualizes this quarter's rate, which is a rough run rate only since SCHD's quarterly payouts vary.
| SCHD Shares | Q3 2026 Income | Change vs. Q3 2025 | Annualized at Q3 Rate |
|---|---|---|---|
| 100 | $26.65 | $+0.61 | $106.60 |
| 250 | $66.62 | $+1.52 | $266.50 |
| 500 | $133.25 | $+3.05 | $533.00 |
| 1,000 | $266.50 | $+6.10 | $1,066.00 |
| 2,500 | $666.25 | $+15.25 | $2,665.00 |
| 5,000 | $1,332.50 | $+30.50 | $5,330.00 |
Pre-tax figures. Plug in your exact share count with our free SCHD Dividend Calculator →
Is SCHD Still the Best Core Dividend ETF?
Compare $SCHD against $VYM, $DGRO, $JEPI, and more with side-by-side total return data, NAV decay tracking, and personal watchlists on Pro.
SCHD Dividend History: The Last 11 Quarters
SCHD has one of the strongest dividend growth records of any large ETF, compounding its payout at roughly 11% per year since 2012 (split-adjusted for the 3-for-1 split on October 10, 2024). Here is where Q3 2026 fits:
| Year | Quarter | Adjusted Dividend ($) | YoY Change |
|---|---|---|---|
| 2026 | Q3 NEW | $0.2665 | +2.3% |
| 2026 | Q2 | $0.2525 | −3.0% |
| 2026 | Q1 | $0.2569 | +3.3% |
| 2025 | Q4 | $0.2782 | +5.2% |
| 2025 | Q3 | $0.2604 | +3.5% |
| 2025 | Q2 | $0.2602 | −5.3% |
| 2025 | Q1 | $0.2488 | +22.1% |
| 2024 | Q4 | $0.2645 | +6.9% |
| 2024 | Q3 | $0.2515 | +15.3% |
| 2024 | Q2 | $0.2747 | +24.0% |
| 2024 | Q1 | $0.2037 | +2.5% |
Want every payout back to SCHD's October 2011 launch? See the complete SCHD Dividend History & Projections page →
SCHD Dividend Snapshot (Q3 2026)
Q3 2026 Dividend
YoY Change
QoQ Change
Trailing 12M
2026 Year to Date
Q3 Holding Raises
Q3 Holding Cuts
Expense Ratio
What's Next: SCHD's Q4 2026 Dividend
The next SCHD dividend is the Q4 2026 payout, with an expected ex-dividend date of December 10 and a pay date of December 15. Q4 has historically been one of SCHD's bigger quarters, and this year it gets an extra boost baked in: Texas Instruments' raise, the largest by weight among this quarter's announcements, starts paying in November and lands squarely in the Q4 collection window.
We will keep tracking every holding raise and cut as they are announced, so you will see the Q4 picture forming weeks before Schwab declares the number.
⚠️ Past Dividends Don't Guarantee Future Payouts
SCHD's distributions depend on the dividends its holdings actually pay, index reconstitution, sector weights, and share creation or redemption activity. Quarterly payouts can and do fall even in years when the annual total rises. Always confirm official figures with Schwab before making decisions.
SCHD Q3 2026 Dividend FAQ
How much is SCHD's Q3 2026 dividend?
$0.2665 per share, declared September 22, 2026. That is +2.3% versus Q3 2025 ($0.2604) and +5.5% versus Q2 2026 ($0.2525).
When is the SCHD Q3 2026 ex-dividend date?
Wednesday, September 23, 2026, which is also the record date. You must own SCHD before the market opens on September 23 to receive this dividend.
When does SCHD pay its Q3 2026 dividend?
Monday, September 28, 2026. Most brokerages credit the cash (or reinvested shares, if you use DRIP) that day.
How much will 1,000 shares of SCHD pay in Q3 2026?
1,000 shares × $0.2665 = $266.50 before taxes. Use the SCHD Dividend Calculator for your exact share count.
What is SCHD's trailing 12-month dividend now?
$1.0541 per share: Q4 2025 ($0.2782) + Q1 2026 ($0.2569) + Q2 2026 ($0.2525) + Q3 2026 ($0.2665).
Why doesn't SCHD pay the same dividend every quarter?
SCHD passes through the dividends its holdings pay during each quarter. Payment timing, holding raises and cuts, special dividends, index rebalancing, and share creation all shift the total from quarter to quarter. That is why the year-over-year comparison tells you more than the quarter-over-quarter one.
When is SCHD's next dividend?
Q4 2026, with an expected ex-date of December 10 and pay date of December 15. See the full 2026 SCHD dividend calendar.