"The Schwab US Dividend Equity ETF (SCHD) is an exchange-traded fund managed by the professionals at the Schwab Asset Management team. It invests in a basket of individual stocks and tracks the Dow Jones U.S. Dividend 100 Index. This index tracks the returns of high-yielding dividend stocks that show a consistent record of payments and are fundamentally strong."
"The fund holds 101 stocks, offering optimal diversification. By investing in SCHD, you get to own a piece of 101 different companies across various industries. It invests in companies that have a strong history of paying and raising dividends. These companies have grown their dividends overtime and have the ability to keep raising them."
"An exchange-traded fund (ETF) can be an ideal choice for retirees looking to enjoy passive income. It is a low-cost option that invests in a basket of stocks and offers steady income. There are hundreds of ETFs to choose from, but retirees absolutely love one Schwab Fund for its high yield and a 12% dividend hike."
Retirement investing requires different strategies than pre-retirement investing, as retirees depend on savings for expenses and seek low-risk passive income options. Exchange-traded funds (ETFs) offer ideal solutions for retirees seeking steady income at low cost. The Schwab US Dividend Equity ETF (SCHD) tracks the Dow Jones U.S. Dividend 100 Index, investing in 101 high-yielding dividend stocks with consistent payment histories and strong fundamentals. The fund maintains diversification with no single stock exceeding 5% weightage and no sector exceeding 25%. SCHD focuses on blue-chip companies with proven dividend growth records, making it suitable for long-term retirement investors seeking reliable income streams.
Read at 24/7 Wall St.
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