SCHP Dividend Yield 2026: Schwab U.S. TIPS ETF

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Data last updated: Oct 17, 2026

Snapshot (as of Oct 17, 2026): Schwab U.S. TIPS ETF (SCHP) pays a $0.00 annual dividend, yielding 4.94% at $25.45/share. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 4.94%

Annual Dividend: $0.00 per share

Years of Dividend History: 17

About Schwab U.S. TIPS ETF Dividend

The Schwab U.S. TIPS ETF dividend comes from a fund holding U.S. Treasury Inflation-Protected Securities, all investment-grade, dollar-denominated, and fixed-rate. SCHP currently yields 5.1%, placing it firmly in high-yield territory for a government bond fund. The fund has paid dividends since at least 2011, giving it 17 years of distribution history. Income-focused investors drawn to inflation-linked government debt will find SCHP's yield meaningful, though the per-share amount shifts with inflation adjustments built into the underlying TIPS.

Dividend Safety

Schwab U.S. TIPS ETF dividend safety is determined by the aggregate distributions from the underlying TIPS holdings, not by a corporate payout ratio. Payout ratio is not applicable (fund/ETF). The most significant pressure on the dividend level is the inflation adjustment embedded in TIPS: when inflation falls, the principal adjustments shrink, and distributions follow. The history table shows multiple year-over-year declines exceeding 5%, including a drop from $1.8629 in 2022 to $0.7893 in 2023, which reflects exactly this dynamic.

Schwab U.S. TIPS ETF (SCHP) Dividend Growth Rate, CAGR, and History

Schwab U.S. TIPS ETF dividend history shows a CAGR of 2.3% per year from 2011 to 2025. Per-share payments moved from $0.7811 to $1.0746 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 97.4% in 2021, driven by the inflation surge of that period. Growth is slow on a long-run basis, and the path is anything but straight.

Schwab U.S. TIPS ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	-16.8%	$1.86 (2022)	$1.07 (2025)
5-Year	+25.5%	$0.35 (2020)	$1.07 (2025)
10-Year	+30.9%	$0.07 (2015)	$1.07 (2025)

Is Schwab U.S. TIPS ETF a Good Dividend Stock?

SCHP fits income-focused investors who want exposure to inflation-linked U.S. government debt and can accept a variable distribution. The yield is high (above 4%), currently sitting at 5.1%, but that number moves with inflation conditions embedded in the TIPS index. There is no 5-year average yield available for direct comparison. The trade-off is clear: an investor gets a government-backed, investment-grade portfolio with a meaningful current yield, but accepts distributions that can swing sharply from year to year, as the 2022-to-2023 drop from $1.8629 to $0.7893 per share demonstrates.

Recent Schwab U.S. TIPS ETF Dividend Payments

Payment Date	Amount per Share
2026-10-01	$0.0560
2026-09-01	$0.0773
2026-08-03	$0.2160
2026-07-01	$0.2214
2026-06-01	$0.2031
2026-05-01	$0.0958
2026-04-01	$0.0274
2025-12-19	$0.1766
2025-12-01	$0.0927
2025-11-03	$0.0917

Schwab U.S. TIPS ETF Annual Dividend History

Year	Total Dividends
2026	$0.8970
2025	$1.0746
2024	$0.7717
2023	$0.7893
2022	$1.8629

Frequently Asked Questions

What is SCHP's dividend yield?

Schwab U.S. TIPS ETF (SCHP) currently yields 4.94% based on the annual dividend rate and today's share price.

Has Schwab U.S. TIPS ETF ever cut its dividend?

Yes, the history table shows multiple year-over-year declines. The sharpest was from $1.8629 in 2022 to $0.7893 in 2023, a drop of more than 57%. These declines reflect falling inflation adjustments on the underlying TIPS, not a corporate dividend cut decision.

How fast has Schwab U.S. TIPS ETF grown its dividend?

The compound annual growth rate (CAGR) is 2.3% per year from 2011 to 2025. That long-run average masks extreme year-to-year swings, including a 97.4% spike in 2021 and sharp drops in other years.

Is Schwab U.S. TIPS ETF a good dividend stock for income investors?

SCHP carries a high yield above 4%, currently at 5.1%, backed by investment-grade U.S. government securities. Income investors who need a predictable, fixed distribution amount will find the variable nature of TIPS payouts a meaningful trade-off.

Is Schwab U.S. TIPS ETF dividend safe?

The underlying holdings are all U.S. Treasury securities rated investment grade, which limits credit risk. However, the distribution amount is not fixed: it moves with inflation, and the history shows declines exceeding 50% in some years, so income stability is not guaranteed.

What type of investor is Schwab U.S. TIPS ETF best suited for?

SCHP suits income-focused investors who want government-backed, inflation-linked exposure and can tolerate variable annual distributions. Investors who require a steady, predictable income stream may find the year-to-year swings in SCHP's payout difficult to plan around.

Why is Schwab U.S. TIPS ETF dividend yield high?

The 5.1% yield reflects both coupon income and inflation-driven principal adjustments on the underlying TIPS. Because the fund holds at least 90% of assets in TIPS with $500 million or more of outstanding face value, distributions scale with inflation conditions rather than a fixed corporate payout.

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