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

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Data last updated: Aug 24, 2026

Snapshot (as of Aug 24, 2026): Schwab Short-Term U.S. Treasury ETF (SCHO) pays a $0.93 annual dividend ($0.08 monthly), yielding 3.87% at $24.10/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.87%

Annual Dividend: $0.93 per share

Ex-Dividend Date: 2026-08-03

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 3.87%, with a trailing annual dividend rate of $0.9322 per share paid monthly, and the next ex-dividend date falls on August 3, 2026. With a beta of just 0.23, this fund moves very little relative to the broader market, making it a fit for income investors who prioritize low 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 fund's mandate to hold at least 90% of assets in U.S. Treasury securities with $300 million or more in outstanding face value, all investment-grade and fixed-rate. The primary pressure on the payout level is interest rate movement: as short-term Treasury yields shift, the income generated by the fund's holdings changes directly, which flows through to monthly distributions.

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 18.1% per year from 2011 to 2024. Per-share payments grew from $0.2070 to $1.8097 over that window (2026 is a partial year and excluded from this calculation). The largest single-year jump in the window was 182.4% in 2023, driven by the sharp rise in short-term Treasury yields, though the history also includes at least one year-over-year decline exceeding 5%, reflecting how directly SCHO's distributions track the interest rate environment.

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

Period	CAGR	From	To
3-Year	+15.3%	$0.65 (2022)	$0.99 (2025)
5-Year	+8.5%	$0.66 (2020)	$0.99 (2025)
10-Year	+11.2%	$0.34 (2015)	$0.99 (2025)

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

SCHO fits dividend investors who want monthly income from U.S. government securities without taking on meaningful market risk. The current yield of 3.87% falls in the moderate (2-4%) range and sits below the fund's own 5-year average of 4.55%, meaning income at the current entry point is lower than it has been on average over the past five years. The 18.1% CAGR from 2011 to 2024 looks impressive on paper, but that growth is entirely a function of interest rate cycles, not a managed dividend policy. What an investor gets here is low-volatility monthly income backed by U.S. Treasuries; what they accept is a payout that rises and falls with short-term rates rather than compounding on a predictable schedule.

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

Payment Date	Amount per Share
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
2025-11-03	$0.0863

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

Year	Total Dividends
2026	$0.5410
2025	$0.9887
2024	$1.8097
2023	$1.8220
2022	$0.6452

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Frequently Asked Questions

Does SCHO pay dividends?

Yes, Schwab Short-Term U.S. Treasury ETF (SCHO) pays a $0.08 monthly dividend per share, yielding 3.87%.

How often does Schwab Short-Term U.S. Treasury ETF pay dividends?

Schwab Short-Term U.S. Treasury ETF pays dividends monthly. The most recent dividend was $0.0812 per share, with the next ex-dividend date set for August 3, 2026.

What is Schwab Short-Term U.S. Treasury ETF's current dividend yield?

The current SCHO dividend yield is 3.87%, which is below the fund's 5-year average yield of 4.55%. That gap reflects the shift in short-term Treasury rates over the period.

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 $1.1443 in 2019 to $0.6580 in 2020, and again from $0.6580 in 2020 to $0.2122 in 2021, reflecting falling short-term interest rates 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 18.1% per year from 2011 to 2024. That growth is tied to interest rate cycles, not a managed increase policy, and includes years of significant decline.

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

The fund holds at least 90% of assets in investment-grade, fixed-rate U.S. Treasury securities, which supports the payout at current rate levels. Because payout ratio is not applicable (fund/ETF), the distribution level moves directly with short-term Treasury yields rather than being managed independently.

What type of investor is Schwab Short-Term U.S. Treasury ETF best suited for?

SCHO suits income investors who prioritize low market sensitivity, with a beta of 0.23, and want monthly distributions from U.S. government securities. Investors who need a growing, rate-independent income stream will find the yield too variable.

How does Schwab Short-Term U.S. Treasury ETF compare to its own historical yield?

The current yield of 3.87% is below the 5-year average of 4.55%, meaning today's income rate is lower than the fund's recent norm. That difference reflects where short-term Treasury rates currently stand relative to the past five years.

Latest SCHO News

• Aktieselskabet Schouw (CPSE:SCHO) Lifted Guidance, Is The Stock Fully Valued? - Yahoo Finance — Yahoo Finance
• Schouw & Co. (CPSE:SCHO) Stock Rises On Profit Surge As Margins Stay Thin - simplywall.st — simplywall.st
• Aktieselskabet Schouw (CPSE:SCHO) Shares Climbed, What Is Drawing Attention Now? - simplywall.st — simplywall.st

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