SCHD Just Hit a Record High Following Midterm Election Results. I'd Still Rather Buy This Dividend King for Passive Income.

Following midterm election results, the Schwab U.S. Dividend Equity ETF (SCHD) hit an all-time high as investors flock to dividend-paying stocks and safe sectors. However, the author argues McDonald's is a superior choice for passive income due to its 50-year dividend increase streak, reliable franchise-based cash flows, and lower portfolio turnover compared to SCHD's 40.6% turnover rate.