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Data last updated: Jul 19, 2026
Snapshot (as of Jul 19, 2026): Schwab US TIPS ETF (SCHP) pays a $1.18 annual dividend ($0.22 quarterly), yielding 4.48% at $26.26/share. Next ex-dividend date 2026-07-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.48%
Annual Dividend: $1.18 per share
Ex-Dividend Date: 2026-07-01
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 17
The Schwab US TIPS ETF dividend comes from a passively managed fund holding US Treasury Inflation-Protected Securities with at least one year to maturity and $500 million in outstanding face value. SCHP currently yields 4.47%, with a trailing annual dividend rate of $1.1761 per share paid quarterly. The next ex-dividend date is July 1, 2026. With a beta of 0.71, SCHP stock carries below-average price volatility, which suits income investors who prioritize capital preservation alongside yield.
Schwab US TIPS ETF pays out dividends as a pass-through of income from its underlying TIPS holdings, making a traditional payout ratio not applicable (fund/ETF). Schwab US TIPS ETF dividend safety is directly tied to the income generated by its portfolio of publicly issued, USD-denominated, fixed-rate US government securities. The primary pressure on the payout is that TIPS income fluctuates with inflation adjustments, which means distributions can vary meaningfully from year to year rather than following a predictable upward path.
Schwab US TIPS ETF dividend history shows a CAGR of 8.2% per year from 2011 to 2022. Per-share payments grew from $1.5620 to $3.7260 over that window (years from 2013 through 2020 in the available table are flagged as partial and are excluded from this calculation). The largest annual increase in the window was 97.6% in 2021, reflecting the sharp rise in inflation that year. The data also includes at least one year-over-year decline exceeding 5%, which shows that growth here is uneven rather than linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | +9.2% | $0.69 (2020) | $1.07 (2025) |
| 10-Year | +22.1% | $0.15 (2015) | $1.07 (2025) |
SCHP fits dividend investors who want inflation-linked income from US government securities and can tolerate variable distributions. The current yield is classified as high (above 4%), but that figure sits well below the 5-year average yield of 8.12%, which was inflated by the high-inflation years of 2021 and 2022. The fund's 8.2% CAGR over the 2011-2022 window looks attractive on paper, but the path included sharp swings in both directions. What an investor gets here is government-backed income with inflation sensitivity built in; what they accept is a payout that moves with inflation cycles rather than growing on a steady schedule.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-10-01 | $0.0804 |
| 2025-09-02 | $0.0990 |
| 2025-08-01 | $0.0880 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5477 |
| 2025 | $1.0746 |
| 2024 | $1.3367 |
| 2023 | $1.5788 |
| 2022 | $3.7260 |
Project income from SCHP with the SCHP dividend calculator or track your full portfolio with the dividend tracker.