Schwab U.S. Dividend Equity ETF offers high yields now
The Schwab U.S. Dividend Equity ETF is gaining attention as stock prices fall, increasing dividend yields. The ETF tracks the Dow Jones U.S. Dividend 100 Index and holds 100 high-yielding dividend stocks, with top holdings like AbbVie. AbbVie has consistently raised its dividend since 2013, currently offering a yield of 3.1%. The ETF's distribution yield is now 3.8%, up from 3.6%, due to a 7% price decline amid the market correction. The ETF's quarterly payments have increased by 550% since its launch in 2012. Investors can expect a growing income stream as the underlying companies continue to raise their dividends.