Schwab US Large-Cap ETF (SCHX) to Issue Quarterly Dividend of $0.31

Schwab US Large-Cap ETF (NYSEARCA:SCHX) declared a quarterly dividend on Wednesday, September 26th, Wall Street Journal reports. Shareholders of record on Wednesday, September 26th will be paid a dividend of 0.3099 per share on Friday, September 28th. This represents a $1.24 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, September 25th. This is an increase from Schwab US Large-Cap ETF’s previous quarterly dividend of $0.30.

SCHX traded up $0.30 during trading on Thursday, hitting $69.67. The company’s stock had a trading volume of 8,189 shares, compared to its average volume of 998,530. Schwab US Large-Cap ETF has a twelve month low of $59.49 and a twelve month high of $70.50.

A hedge fund recently raised its stake in Schwab US Large-Cap ETF stock. Bank of New York Mellon Corp grew its stake in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,495 shares of the company’s stock after buying an additional 1,395 shares during the period. Bank of New York Mellon Corp’s holdings in Schwab US Large-Cap ETF were worth $1,527,000 as of its most recent SEC filing.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization.

Further Reading: Market Capitalization

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