SWVXX Dividend Yield 2026: Schwab Value Advantage Money Fund

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Data last updated: Jul 20, 2026

Snapshot (as of Jul 20, 2026): Schwab Value Advantage Money Fund (SWVXX) pays a $0.04 annual dividend, yielding 3.73% at $1.00/share. Next ex-dividend date 2026-06-30. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.73%

Annual Dividend: $0.04 per share

Ex-Dividend Date: 2026-06-30

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 11

About Schwab Value Advantage Money Fund Dividend

The Schwab Value Advantage Money Fund dividend comes from a fund built around one clear mandate: seek the highest current income while preserving capital and maintaining liquidity. At 3.73%, the yield sits in moderate territory for income-focused investors. SWVXX pays monthly, with a trailing annual dividend rate of $0.0373 per share and an ex-dividend date of June 30, 2026. That monthly cadence appeals to investors who prioritize regular cash flow over dividend growth.

Dividend Safety

Schwab Value Advantage Money Fund pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). The fund's stated objective, seeking the highest current income consistent with capital stability and liquidity, directly supports the current payout level, as income generation is the fund's primary purpose rather than a secondary consideration. Schwab Value Advantage Money Fund dividend safety is most exposed to shifts in prevailing interest rates, since the income the fund generates is tied to the rate environment rather than a company's earnings.

Schwab Value Advantage Money Fund (SWVXX) Dividend Growth Rate, CAGR, and History

Schwab Value Advantage Money Fund dividend history shows a CAGR of 12.7% per year from 2018 to 2025. Per-share dividends grew from $0.0175 in 2018 to $0.0405 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 199.4% in 2024, though the history also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear.

Schwab Value Advantage Money Fund Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+37.7%	$0.02 (2022)	$0.04 (2025)

Is Schwab Value Advantage Money Fund a Good Dividend Stock?

SWVXX fits dividend investors who want monthly income from a fund explicitly designed to generate it. The current yield of 3.73% is classified as moderate (2-4%), and it sits above the fund's own 5-year average of 2.9%, meaning today's income level is elevated relative to recent history. The 12.7% CAGR over the 2018-2025 window looks impressive, but that growth has been uneven, with sharp swings in both directions tied to the rate environment rather than business fundamentals. The trade-off is straightforward: income investors get a monthly-paying, income-first fund with a yield above its historical average, but they accept dividend variability rather than the predictable annual increases that equity dividend growers offer.

Recent Schwab Value Advantage Money Fund Dividend Payments

Payment Date	Amount per Share
2026-06-30	$0.0029
2026-05-29	$0.0029
2026-04-30	$0.0029
2026-03-31	$0.0029
2026-02-27	$0.0027
2026-01-30	$0.0030
2025-12-31	$0.0032
2025-11-28	$0.0029
2025-10-31	$0.0036
2025-09-30	$0.0032

Schwab Value Advantage Money Fund Annual Dividend History

Year	Total Dividends
2026	$0.0173
2025	$0.0405
2024	$0.0464
2023	$0.0424
2022	$0.0155

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.05% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.07% yield)
• VOO — Vanguard S&P 500 ETF (1.08% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.10% yield)
• FXAIX — Fidelity 500 Index Fund (1.06% yield)

Frequently Asked Questions

How often does Schwab Value Advantage Money Fund pay dividends?

Schwab Value Advantage Money Fund pays dividends monthly. The last dividend amount was $0.0029 per share, with the next ex-dividend date set for June 30, 2026.

What is Schwab Value Advantage Money Fund's current dividend yield?

The current SWVXX dividend yield is 3.73%. That is above the fund's 5-year average yield of 2.9%, placing today's income level higher than what investors received on average over the past five years.

Has Schwab Value Advantage Money Fund ever cut its dividend?

Within the available history window, the data shows at least one year-over-year decline exceeding 5%. The annual dividend dropped from $0.0175 in 2018 to $0.0131 in 2019, and further declines appear in subsequent years, so cuts have occurred in the available record.

How fast has Schwab Value Advantage Money Fund grown its dividend?

The fund's dividend grew at a compound annual growth rate (CAGR) of 12.7% per year from 2018 to 2025. That figure reflects the full period but masks significant year-to-year swings, including a 199.4% increase in 2024 and multiple years of decline.

Is Schwab Value Advantage Money Fund a good dividend stock for income investors?

SWVXX carries a 3.73% yield, above its 5-year average of 2.9%, and pays monthly, which suits income-focused investors. The fund's explicit goal is to generate the highest current income consistent with capital stability, making income generation its defining characteristic rather than a byproduct.

Is Schwab Value Advantage Money Fund dividend safe?

The payout ratio is not applicable (fund/ETF), so there is no earnings-coverage metric to assess. The fund's income is tied to the rate environment, and the historical record shows the dividend has declined in multiple years, so income levels are variable rather than guaranteed.

How does Schwab Value Advantage Money Fund compare to its own historical yield?

The current yield of 3.73% is above the fund's 5-year average of 2.9%. Income investors holding SWVXX today are receiving more per share than the fund's recent historical norm.

Latest SWVXX News

• 7 Best Money Market Funds to Buy for 2026 - US News Money — US News Money
• 5 Best Money Market Mutual Funds Of 2026 - Forbes — Forbes
• Is VMFXX Safe? 8 Reasons to Avoid It in 2026 - Bondsavvy — Bondsavvy

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