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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): Schwab US TIPS ETF (SCHP) pays a $1.30 annual dividend ($0.11 monthly), yielding 5.05% at $25.82/share. Next ex-dividend date 2026-08-03. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.05%
Annual Dividend: $1.30 per share
Ex-Dividend Date: 2026-08-03
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 17
The Schwab US TIPS ETF dividend comes from a passively managed fund that holds publicly issued Treasury Inflation-Protected Securities with at least one year to maturity and $500 million in outstanding face value. SCHP currently yields 5.0%, with a trailing annual dividend rate of $1.3041 per share paid monthly. The next ex-dividend date is August 3, 2026. With a beta of 0.7, SCHP carries below-market price sensitivity, which suits income investors prioritizing lower volatility over capital appreciation.
Schwab US TIPS ETF pays out dividends as a pass-through fund, making a traditional payout ratio not applicable (fund/ETF). The distributions reflect the inflation-adjusted interest income generated by the underlying TIPS holdings, which are US government-issued securities. Schwab US TIPS ETF dividend safety is therefore tied directly to the interest income produced by the portfolio, meaning shifts in real yields or inflation adjustments can cause payment amounts to fluctuate year to year, as the historical data clearly shows.
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 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 97.6% in 2021, but the history also contains at least one year-over-year decline exceeding 5%, reflecting how closely SCHP distributions track real interest rates and inflation rather than a managed growth policy.
| 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 rather than equity-based payouts. The current yield is classified as high (above 4%), though it sits well below the 5-year average of 8.18%, which reflects how much distributions swelled during the high-inflation period of 2021 and 2022. The fund has zero consecutive years of dividend increases, so income is variable, not progressive. What an investor gets is a government-backed income stream with below-market price risk (beta 0.7); what they accept is meaningful year-to-year payment volatility.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2025-10-01 | $0.0804 |
| 2025-09-02 | $0.0990 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.7637 |
| 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.