SCHO Dividend Yield 2026: Schwab Short-Term U.S. Treasury ETF

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Data last updated: Sep 28, 2026

Snapshot (as of Sep 28, 2026): Schwab Short-Term U.S. Treasury ETF (SCHO) pays a $0.91 annual dividend ($0.06 monthly), yielding 3.83% at $23.88/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.83%

Annual Dividend: $0.91 per share

Ex-Dividend Date: 2026-09-01

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 17

About Schwab Short-Term U.S. Treasury ETF Dividend

The Schwab Short-Term U.S. Treasury ETF dividend comes from a fund that holds fixed-rate, non-convertible U.S. Treasury securities with maturities between one and three years, all rated investment grade. SCHO currently yields 3.83%, with a trailing annual dividend rate of $0.9147 per share paid monthly. The next ex-dividend date is September 1, 2026, and the last dividend paid was $0.0623 per share. With a beta of just 0.23, this fund suits income investors who prioritize low price volatility over high yield.

Dividend Safety

Schwab Short-Term U.S. Treasury ETF pays out dividends as a pass-through of interest income from its holdings, making a traditional payout ratio not applicable (fund/ETF). Schwab Short-Term U.S. Treasury ETF dividend safety rests on the underlying portfolio: every security in the index must be a publicly-issued, investment-grade U.S. Treasury with at least $300 million in outstanding face value, which sets a high floor on credit quality. The primary pressure on the dividend is interest rate movement, since the fund's income rises and falls with prevailing short-term Treasury yields rather than corporate earnings.

Schwab Short-Term U.S. Treasury ETF (SCHO) Dividend Growth Rate, CAGR, and History

Schwab Short-Term U.S. Treasury ETF dividend history shows a CAGR of 17.5% per year from 2012 to 2025. Per-share payments grew from $0.0735 in 2012 to $0.9887 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 182.5% in 2023, reflecting the sharp rise in short-term Treasury yields that year. The history also contains at least one year-over-year decline exceeding 5%, which is expected for a rate-sensitive fund: when yields fall, so does the income SCHO passes through to shareholders.

Schwab Short-Term U.S. Treasury ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+45.3%	$0.32 (2022)	$0.99 (2025)
5-Year	+24.6%	$0.33 (2020)	$0.99 (2025)
10-Year	+19.2%	$0.17 (2015)	$0.99 (2025)

Is Schwab Short-Term U.S. Treasury ETF a Good Dividend Stock?

SCHO fits dividend investors who want monthly income backed by U.S. government credit quality and can accept that the payout level moves with interest rates, not corporate decisions. The current yield of 3.83% sits in the moderate (2–4%) range and runs well above the fund's 5-year average yield of 2.81%, meaning today's income level is elevated relative to recent history. That gap reflects the current rate environment, not a structural change in the fund. The trade-off is straightforward: investors get low price volatility (beta 0.23) and high credit quality, but the dividend has no growth streak and will shrink if short-term Treasury yields decline.

Recent Schwab Short-Term U.S. Treasury ETF Dividend Payments

Payment Date	Amount per Share
2026-09-01	$0.0623
2026-08-03	$0.0812
2026-07-01	$0.0780
2026-06-01	$0.0743
2026-05-01	$0.0751
2026-04-01	$0.0748
2026-03-02	$0.0707
2026-02-02	$0.0869
2025-12-19	$0.0769
2025-12-01	$0.0720

Schwab Short-Term U.S. Treasury ETF Annual Dividend History

Year	Total Dividends
2026	$0.6033
2025	$0.9887
2024	$1.0313
2023	$0.9112
2022	$0.3225

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Frequently Asked Questions

Does SCHO pay dividends?

Yes, Schwab Short-Term U.S. Treasury ETF (SCHO) pays a $0.06 monthly dividend per share, yielding 3.83%.

How often does SCHO pay dividends?

Schwab Short-Term U.S. Treasury ETF (SCHO) pays dividends monthly — 12 times per year.

Does SCHO pay monthly dividends?

Yes — Schwab Short-Term U.S. Treasury ETF (SCHO) pays dividends every month.

How much does SCHO pay per month?

Schwab Short-Term U.S. Treasury ETF (SCHO) pays about $0.08 per share per month at the current annual dividend rate of $0.91.

What is SCHO's dividend yield?

Schwab Short-Term U.S. Treasury ETF (SCHO) currently yields 3.83% based on the annual dividend rate and today's share price.

Has Schwab Short-Term U.S. Treasury ETF ever cut its dividend?

Yes. The available history shows at least one year-over-year decline exceeding 5%. Annual payments dropped from $0.5715 in 2019 to $0.3289 in 2020 and further to $0.1059 in 2021, tracking the fall in short-term Treasury yields during that period.

How fast has Schwab Short-Term U.S. Treasury ETF grown its dividend?

SCHO has grown its dividend at a compound annual growth rate (CAGR) of 17.5% per year from 2012 to 2025. That figure reflects the full swing of the rate cycle, including sharp rises and declines, not a managed corporate growth policy.

Is Schwab Short-Term U.S. Treasury ETF dividend safe?

The fund holds only investment-grade, fixed-rate U.S. Treasury securities with at least $300 million in outstanding face value, which sets a high credit quality floor. However, the payout is not applicable (fund/ETF) in the traditional sense and will fall if short-term Treasury yields decline.

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