The Schwab U.S. Dividend Equity ETF (SCHD), which tracks high-dividend U.S. stocks in the Dow Jones U.S. Dividend 100 Index, closed higher by 1.80% on Friday. Notably, the U.S. stock market is closed today, Monday, May 25, for the Memorial Day holiday.
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Overall, SCHD has gained 3.50% over the past five days and 21% year-to-date, as steady dividend income and its focus on mature companies with stable cash flows continue to support the fund.
SCHD’s Price Forecasts and Holdings
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, SCHD is a Moderate Buy. The Street’s average price target of $35.77 implies an upside of 8.95%.
Currently, SCHD’s five holdings with the highest upside potential are:
- Nexstar Media Group (NXST)
- Accenture (ACN)
- Abbott Laboratories (ABT)
- Comcast Corp. (CMCSA)
- CVB Financial (CVBF)
Meanwhile, its five holdings with the greatest downside potential are:
Revealingly, SCHD ETF’s Smart Score is seven, implying that this ETF will likely perform in line with the market.
Does SCHD Pay Dividends?
Yes, SCHD pays dividends on a quarterly basis, using the cash income generated by its underlying holdings. In fact, the ETF is a dividend specialist, meaning it only owns companies with at least 10 years of consistent payments. The fund currently offers a yield of about 3.22%.