SCHM Dividend Yield 2026: Schwab U.S. Mid-Cap ETF

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Schwab U.S. Mid-Cap ETF (SCHM) pays a $0.44 annual dividend ($0.11 quarterly), yielding 1.23% at $35.83/share. Next ex-dividend date 2026-06-24. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 1.23%

Annual Dividend: $0.44 per share

Ex-Dividend Date: 2026-06-24

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 16

About Schwab U.S. Mid-Cap ETF Dividend

The Schwab U.S. Mid-Cap ETF dividend comes from a fund built to mirror the Dow Jones U.S. Mid-Cap Total Stock Market Index as closely as possible, before fees and expenses. SCHM currently yields 1.23%, with a trailing annual dividend rate of $0.4417 per share paid quarterly. The next ex-dividend date is June 24, 2026. A beta of 1.046 puts this ETF roughly in line with the broader market, making it a fit for growth-and-income investors comfortable with market-level volatility in exchange for dividend growth.

Dividend Safety

Schwab U.S. Mid-Cap ETF pays out dividends as a pass-through of underlying index income, making a traditional payout ratio not applicable (fund/ETF). Schwab U.S. Mid-Cap ETF dividend safety is therefore tied directly to the income generated by the mid-cap stocks held within the index, not to a single company's earnings. The primary pressure point is that distributions fluctuate with the aggregate dividends of index constituents, and the history table shows at least one year-over-year decline exceeding 5%, confirming that payouts are not insulated from downturns in underlying holdings.

Schwab U.S. Mid-Cap ETF (SCHM) Dividend Growth Rate, CAGR, and History

Schwab U.S. Mid-Cap ETF dividend history shows a CAGR of 12.1% per year from 2011 to 2023. Per-share payments grew from $0.2878 to $1.1304 over that window (2024, 2025, and 2026 figures are partial years and excluded from the growth calculation). The largest single-year jump in the window was 61.7% in 2012, while the fund also recorded at least one decline exceeding 5%, so growth has not been linear.

Schwab U.S. Mid-Cap ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	-26.3%	$1.10 (2022)	$0.44 (2025)
5-Year	-12.2%	$0.84 (2020)	$0.44 (2025)
10-Year	-3.3%	$0.62 (2015)	$0.44 (2025)

Is Schwab U.S. Mid-Cap ETF a Good Dividend Stock?

SCHM fits growth-and-income investors who want exposure to mid-cap dividend growth and are not relying on the ETF for immediate income. The current yield is low (below 2%) at 1.23%, sitting well below the fund's own 5-year average yield of 2.53%, which means buyers today are paying up relative to historical norms. The 12.1% annual dividend CAGR from 2011 to 2023 is the real draw here. The trade-off is straightforward: an investor gets a strong long-term growth rate on the payout, but accepts a yield that delivers limited current income and has shown year-over-year declines in some periods.

Recent Schwab U.S. Mid-Cap ETF Dividend Payments

Payment Date	Amount per Share
2026-06-24	$0.1067
2026-03-25	$0.0758
2025-12-10	$0.1334
2025-09-24	$0.1258
2025-06-25	$0.1012
2025-03-26	$0.0776
2024-12-11	$0.1189
2024-09-25	$0.3173
2024-06-26	$0.2577
2024-03-20	$0.2584

Schwab U.S. Mid-Cap ETF Annual Dividend History

Year	Total Dividends
2026	$0.1825
2025	$0.4380
2024	$0.9523
2023	$1.1304
2022	$1.0955

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.02% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• VOO — Vanguard S&P 500 ETF (1.04% yield)
• JPM — JPMorgan Chase & Co. (1.67% yield)
• IVV — iShares Core S&P 500 ETF (1.06% yield)

Frequently Asked Questions

Does SCHM pay dividends?

Yes, Schwab U.S. Mid-Cap ETF (SCHM) pays a $0.11 quarterly dividend per share, yielding 1.23%.

How often does Schwab U.S. Mid-Cap ETF pay dividends?

Schwab U.S. Mid-Cap ETF pays dividends quarterly. The most recent dividend was $0.1067 per share, with the next ex-dividend date set for June 24, 2026.

What is Schwab U.S. Mid-Cap ETF's current dividend yield?

The current SCHM dividend yield is 1.23%, which is well below the fund's 5-year average yield of 2.53%, reflecting price appreciation that has outpaced distribution growth over that period.

Has Schwab U.S. Mid-Cap ETF ever cut its dividend?

The available history shows at least one year-over-year decline exceeding 5% within the 2011 to 2023 window. For example, 2020 saw payments fall to $0.8375 from $0.8923 in 2019. The dividend has not grown every single year.

How fast has Schwab U.S. Mid-Cap ETF grown its dividend?

SCHM has grown its dividend at a compound annual growth rate (CAGR) of 12.1% per year from 2011 to 2023, with per-share payments rising from $0.2878 to $1.1304 over that period.

Is Schwab U.S. Mid-Cap ETF a good dividend stock for income investors?

For income investors focused on current yield, SCHM's 1.23% yield is low (below 2%). The fund is better characterized as a growth-and-income holding, where the 12.1% historical dividend CAGR matters more than the current payout level.

What type of investor is Schwab U.S. Mid-Cap ETF best suited for?

SCHM suits growth-and-income investors who prioritize dividend growth over current yield. A 12.1% annual CAGR from 2011 to 2023 is the defining feature, but the 1.23% current yield offers limited near-term income.

How does Schwab U.S. Mid-Cap ETF compare to its own historical yield?

The current yield of 1.23% is well below the 5-year average of 2.53%, meaning today's entry point delivers roughly half the historical income rate on a per-dollar basis.

Latest SCHM News

• 10 Best Low-Cost Index Funds to Buy in 2026 - The Motley Fool — The Motley Fool
• SCHM ETF Profile: Dividends, Returns (AMEX:SCHM) - TradingView — TradingView
• SCHM: A Low-Cost Core ETF For A Potential Market Shift (NYSEARCA:SCHM) - Seeking Alpha — Seeking Alpha

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