Schwab's Dividend ETF Keeps Hitting Records. I'd Still Buy It Now.

The Schwab U.S. Dividend Equity ETF (SCHD) has hit 28 record closes in 2026 with a 31% price gain, but its yield has slipped to 2.9% from 3.8% at year-end 2025. While the fund remains attractive compared to the broader market, dividend growth has slowed to 2% recently from double-digit rates in prior years. Historical analysis shows 2021 buyers at similar yields achieved ~10% annual returns despite a 2022 downturn, suggesting current buyers should expect more modest gains.