Fourteen SCHD Holdings Have Raised Dividends This Quarter — Big or Small, We Report Them All
If you're an SCHD dividend investor waiting to see what the Schwab U.S. Dividend Equity ETF pays in Q3 2026, the raises keep stacking up. Because SCHD is a pass-through vehicle — it collects the dividends paid by its ~100 underlying holdings and distributes them to shareholders — every dividend increase announced by an SCHD holding flows directly into SCHD's future payouts.
The newest name on the board is Clearway Energy ($CWEN), which announced a 1.6% dividend increase. The headline number is small, but $CWEN is unusual inside this fund for a different reason: it is SCHD's only Utilities holding, at roughly a 0.10% weight. It also raises on a quarterly cadence rather than annually — that steady drip of ~1.6% per quarter compounds to 6.7% dividend growth over the past 12 months, which is a very different profile from a company that delivers one 1.6% bump a year.
Just ahead of it, S&T Bancorp ($STBA) raised 2.8% — another small regional bank (roughly 0.05% of the fund) adding to what has become the dominant theme of this quarter.
The largest percentage raise this quarter is still Regions Financial ($RF) at +13.2%, with Broadridge ($BR) second at +11.8% and Blackstone ($BX) third at +11.2% (variable — more on that below). All told, fourteen SCHD holdings have raised across financials, industrials, consumer discretionary, consumer staples, energy, and now utilities. A fifteenth, Ethan Allen Interiors ($ETD), held its regular dividend flat but declared a $0.25 per share special dividend — cash that still lands in SCHD's collection bucket even though it isn't a rate increase.
Q3 2026 SCHD Dividend Tracker — Sorted by Weight in SCHD
Percentage raises make for good headlines, but what actually moves SCHD's distribution is weight × raise. A 1.8% bump from a top-25 holding like $TGT contributes more collected income than a 4.7% raise from a sub-0.3% position. Here's the full list ordered by position size inside the fund:
| SCHD Weight Rank* | Company | Ticker | Sector | Weight in SCHD | Q3 2026 Dividend Action |
|---|---|---|---|---|---|
| 1 | Blackstone | $BX | Financials | 2.55% | +11.2% VARIABLE |
| 2 | Target | $TGT | Consumer Staples | 1.69% | +1.8% |
| 3 | Fastenal | $FAST | Industrials | 1.45% | +8.3% |
| 4 | Regions Financial | $RF | Financials | 0.69% | +13.2% 🏆 |
| 5 | Darden Restaurants | $DRI | Consumer Discretionary | 0.60% | +8.0% |
| 6 | Principal Financial Group | $PFG | Financials | 0.57% | +2.4% |
| 7 | Broadridge Financial Solutions | $BR | Industrials | 0.48% | +11.8% |
| 8 | HF Sinclair | $DINO | Energy | 0.32% | +5.0% |
| 9 | Bank OZK | $OZK | Financials | 0.13% | +2.1% |
| 10 | Penske Automotive Group | $PAG | Consumer Discretionary | 0.10% | +1.4% |
| 11 | Clearway Energy NEW | $CWEN | Utilities | 0.10% | +1.6% |
| 12 | S&T Bancorp NEW | $STBA | Financials | 0.05% | +2.8% |
| 13 | 1st Source Corporation | $SRCE | Financials | 0.04% | +4.7% |
| 14 | Central Pacific Financial | $CPF | Financials | 0.03% | +3.4% |
| 15 | Ethan Allen Interiors | $ETD | Consumer Discretionary | 0.01% | No regular increase + $0.25/share special |
*Rank reflects relative position size within SCHD among the holdings that announced Q3 2026 dividend actions — not their rank in the full ~100-stock portfolio. Weights are from Schwab's official SCHD holdings file dated August 5, 2026 (see our full SCHD holdings list). Holdings and weights change at each index reconstitution and rebalance — verify with Schwab's official file before relying on this.
🆕 Spotlight: Clearway Energy ($CWEN) +1.6% — SCHD's Only Utility
Clearway Energy owns and operates contracted renewable and conventional power generation — wind, solar, and natural gas assets that sell output under long-term contracts. That contracted cash flow is what supports a dividend policy built around frequent, incremental raises rather than one annual announcement. $CWEN has been lifting its payout by roughly this amount each quarter, which stacks up to about 6.7% dividend growth over the trailing 12 months — meaningfully better than the 1.6% headline suggests.
It's also the fund's sole Utilities holding, at about a 0.10% weight. Utilities are structurally underrepresented in SCHD because the Dow Jones U.S. Dividend 100 screens hard on free cash flow to total debt, and utilities carry heavy balance-sheet leverage by design. $CWEN clearing that screen at all makes it one of the more distinctive names in the portfolio.
🏦 Also New: S&T Bancorp ($STBA) +2.8%
$STBA is a Pennsylvania-based regional bank and roughly a 0.05% weight in SCHD — one of the dozens of small financials sitting in the fund's long tail. On its own the raise is immaterial to SCHD's distribution. Collectively, though, these small banks are doing most of the work this quarter: seven of the fourteen raises tracked so far came from financials, and four of those ($OZK, $STBA, $SRCE, $CPF) are sub-0.15% regional names quietly extending their raise streaks.
💰 Ethan Allen ($ETD): No Raise, But a $0.25 Special Dividend
$ETD kept its regular quarterly dividend unchanged this period but declared a $0.25 per share special dividend. Special dividends are one-time payments — they don't raise the ongoing dividend rate and shouldn't be counted toward a company's growth streak. That said, SCHD collects the cash all the same, so a special can create a small one-quarter bump in a fund's distribution that doesn't repeat. It's worth tracking, but worth labeling correctly.
📌 A Note on Blackstone's ($BX) Variable Dividend
Blackstone pays a variable dividend tied to its distributable earnings, not a fixed quarterly rate. The move from $1.16 to $1.29 per share (+11.2%) reflects stronger earnings this period — but unlike a traditional dividend raise from a company like $FAST or $TGT, it can move down in a weaker quarter. Treat variable-dividend payers differently from committed dividend growers when you're modeling income.
✅ Why Holding Raises Matter for SCHD Investors
SCHD doesn't set its own dividend — its quarterly payout is determined by the actual cash dividends collected from its holdings during the period. When names like Regions Financial raise 13.2% and Broadridge raises 11.8%, SCHD collects more income per share it holds, which supports the fund's own distribution over time. The fourteen holdings raising this quarter span financials ($RF, $BX, $PFG, $OZK, $STBA, $SRCE, $CPF), industrials ($FAST, $BR), consumer discretionary ($DRI, $PAG), consumer staples ($TGT), energy ($DINO), and utilities ($CWEN) — a broad, six-sector wave and a healthy signal for SCHD's income stream heading into the back half of 2026.
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Explore Pro Platform ⭐Financials Are Leading This Quarter's Raises
Look at the sector breakdown and one thing jumps out: seven of the fourteen raises came from financials — $RF, $BX, $PFG, $OZK, $STBA, $SRCE, and $CPF. Regional banks in particular ($RF, $OZK, $STBA, $SRCE, $CPF) are stepping up payouts, which historically follows a period of improved capital positions and stress-test clearance.
That matters for SCHD specifically because financials carry 39 of SCHD's 100 equity positions — the most of any sector by name count, even though they're only about 10% of the fund by weight. When a sector that broad raises across the board rather than in isolation, the effect on collected income shows up more reliably than a single large-cap raise elsewhere. And with $BR alongside $FAST in industrials, $DINO in energy, and now $CWEN in utilities, the increases are landing in six different corners of the portfolio.
What Could This Mean for SCHD's Q3 2026 Payout?
SCHD's Q3 distribution is typically declared and paid in late September. While no one knows the exact amount until Schwab announces it, here's the historical context that matters:
Last year, SCHD paid $0.2604 in Q3 2025 — up from $0.2515 in Q3 2024 (split-adjusted). SCHD's Q3 payouts have historically come in near or slightly above Q2 levels, and with fourteen holdings actively raising their dividends right now, the ingredients for continued year-over-year dividend growth are in place. The Q2 2026 payout of $0.2525 was modestly softer than Q2 2025's $0.2602 — consistent with SCHD's normal quarter-to-quarter variability — so income investors will be watching Q3 closely to gauge the full-year trajectory.
⚠️ Important: Raises Don't Guarantee a Bigger SCHD Dividend
SCHD's payout also depends on index reconstitution, sector weightings, share creation/redemption activity, and the timing of when holding dividends are actually collected. Fourteen raises inside the fund is a positive signal, not a promise. Always wait for the official declaration from Schwab Asset Management.
SCHD Dividend History: Every Quarterly Payout Since 2011
Context is everything with dividend ETFs. SCHD has one of the most impressive dividend growth track records of any large ETF — roughly an 11% compound annual growth rate since 2012, a ~9.2% five-year growth rate, and a ~10.7% ten-year growth rate (all split-adjusted for the 3-for-1 split on October 10, 2024).
Here are SCHD's most recent quarterly dividends:
| Year | Quarter | Adjusted Dividend ($) | YoY Change |
|---|---|---|---|
| 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 quarterly payout back to SCHD's inception in October 2011? See the complete SCHD Dividend History & Projections page →
SCHD vs. VYM vs. DGRO vs. JEPI — Which Pays More Long-Term?
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SCHD Dividend Snapshot (Mid-2026)
Q3 Raises Tracked
Biggest Raise
Newest Raise
Financials Raising
Latest Dividend (Q2 2026)
Trailing 12M Payout
Trailing Yield
CAGR Since 2012
Expense Ratio
The Bigger Picture: Why Dividend Growth Investors Watch Holding Announcements
SCHD's index (the Dow Jones U.S. Dividend 100) screens for companies with at least 10 consecutive years of dividend payments, strong free cash flow, healthy return on equity, and dividend growth. That's why quarters like this one — where fourteen holdings across six sectors announce raises within weeks of each other — are the engine behind SCHD's decade-plus streak of rising annual payouts. Target's raise, while modest at 1.8%, is a textbook SCHD holding move: another year added to one of the longest consecutive dividend increase streaks in the market.
The smaller names on this list are worth watching for a different reason. $SRCE, $CPF, and now $STBA are the kind of small regional banks that rarely make headlines but quietly compound their payouts year after year. $PAG's 1.4% bump continues a steady post-2020 raise cadence. $CWEN's 1.6% looks tiny until you realize it does that roughly every quarter. $BR is a newer addition proving its dividend growth credentials immediately. And $BX shows the trade-off of variable dividends: bigger swings up, but no floor underneath them.
For income investors, tracking these announcements gives you an early read on the fund's distribution trajectory before Schwab's official declaration hits. It's one of the simplest ways to stay ahead of the quarterly payout — and it's exactly the kind of monitoring we automate on our Pro platform.
Q3 2026 SCHD Dividend Raise FAQ
How many SCHD holdings have raised their dividend in Q3 2026?
Fourteen so far: $RF +13.2%, $BR +11.8%, $BX +11.2% (variable dividend), $FAST +8.3%, $DRI +8.0%, $DINO +5.0%, $SRCE +4.7%, $CPF +3.4%, $STBA +2.8%, $PFG +2.4%, $OZK +2.1%, $TGT +1.8%, $CWEN +1.6%, and $PAG +1.4%. We update this page as new announcements land.
Did Broadridge Financial Solutions ($BR) raise its dividend?
Yes — $BR announced an 11.8% dividend increase, the second-largest percentage raise among SCHD holdings this quarter. Broadridge is roughly a 0.49% weight in SCHD after being added at the 2026 index reconstitution.
What did Ethan Allen ($ETD) do with its dividend?
$ETD did not raise its regular quarterly dividend this period, but it declared a $0.25 per share special dividend. Specials are one-time payments and don't increase the ongoing dividend rate — though SCHD still collects the cash.
Will SCHD's Q3 2026 dividend increase?
SCHD's Q3 payout depends on the actual dividends collected from its ~100 holdings. With fourteen holdings raising — including $RF at 13.2%, $BR at 11.8%, $BX at 11.2%, and $FAST at 8.3% — the early setup is supportive, but the exact amount won't be known until Schwab declares it, typically in late September.
Why is Blackstone's ($BX) raise labeled "variable"?
$BX pays out a percentage of its distributable earnings rather than a fixed quarterly rate, so its dividend moves up and down with results. This quarter it rose from $1.16 to $1.29 per share (+11.2%), but a weaker earnings period could push it lower — unlike a committed dividend grower.
When does SCHD pay its Q3 dividend?
SCHD pays quarterly, typically in late March, June, September, and December. The Q3 distribution is usually declared and paid in the second half of September.
What was SCHD's most recent dividend?
SCHD's Q2 2026 dividend was $0.2525 per share, with an ex-dividend date of June 24, 2026 and a pay date of June 29, 2026.
How fast has SCHD's dividend grown?
Roughly 11% compounded annually since 2012, with an approximate 9.2% 5-year rate and 10.7% 10-year rate (split-adjusted). See the full history on our SCHD Dividend History page.