Here's Exactly How Much You'd Need to Invest in SCHD to Build $500 Per Month in Passive Dividend Income

Key Points The Schwab U.S. Dividend Equity ETF currently has a 3% yield. The ETF's holdings have grown their dividends at a more than 9% annual rate over the past five years. You can make a lump-sum investment or invest a set amount each month to build towards your income target. 10 stocks we like better than Schwab U.S. Dividend Equity ETF › The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is one of the most popular dividend-focused ETFs. That's because it offers a high current yield (3% over the trailing 12 months) and has a strong historical dividend growth rate (its holdings have grown their dividends at a more than 9% compound annual rate over the past five years).