- Pays: quarterly — usually going ex-dividend in the last month of each quarter.
- First paid: 2010, shortly after launch.
- What it is: Schwab's large-cap GROWTH index fund — the Apple/Microsoft/Nvidia end of the market, where companies reinvest profits instead of mailing them out.
- The headline number: the yield is small (well under 1%) — but the dividend per share has more than tripled since 2011, growing roughly 8% a year.
- Why income investors watch it anyway: dividend growth compounds. A small check that keeps rising can out-earn a big check that doesn't — eventually.
All figures are adjusted for SCHG's share splits, so old and new payments are directly comparable. Growth stocks pay small dividends by design — the companies plow profits back into the business instead.
SCHG pays quarterly. Each point below is one dividend since 2010. The table further down totals each year — watch the slope, not the size.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from SCHG's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
Nobody buys SCHG for the yield, and nobody should: at well under 1%, the quarterly checks on a modest holding buy coffee, not groceries. What this page shows is the other thing — the slope. SCHG's dividend per share has grown roughly 8% a year for over a decade, because the companies inside it grow their earnings that fast. The dividend is a by-product of that growth, not the product.
If you want income today, look at SCHD — Schwab's income-first sibling with several times the yield. If you want the biggest portfolio in 20 years and don't need the cash flow yet, funds like SCHG historically did that job better. The estimator below lets you test both assumptions with your own numbers.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is SCHG's Next Ex-Dividend Date?
SCHG pays quarterly, usually going ex-dividend in the last month of each quarter. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from SCHG's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
SCHG's Payment Record
SCHG — the Schwab U.S. Large-Cap Growth ETF — has paid a dividend every quarter since 2010, and the story of those payments is a straight line pointing up and to the right: from roughly 4 cents per share (split-adjusted) in 2011 to about 12 cents in 2025, an increase of more than three-fold at roughly 8% a year. The occasional wobble in the yearly table is real — growth companies' payouts aren't managed for smoothness the way a dividend aristocrat's are, and the data feed occasionally books a December payment into January — but the fifteen-year trend is unusually clean.
Why a Growth Fund Belongs on a Dividend Site
Because dividend investing has a time dimension. A fund yielding 4% today that never grows its payout will still yield 4% on your original dollars in 2040. A fund yielding 0.4% that grows the payout 8% a year doubles its check every nine years — and history says the share price tends to follow the earnings that fund that growth. Neither answer is right for everyone: it depends entirely on whether you need the income now or later. That's a math question, and the estimator above lets you run it with your own numbers instead of taking anyone's word.
What SCHG Actually Holds
SCHG tracks an index of the growth half of the U.S. large-cap market — several hundred names, dominated by the technology giants, at a rock-bottom expense ratio. That concentration is the risk: when mega-cap tech stumbles, SCHG stumbles harder than the broad market (VOO is the calmer, whole-market cousin). For the income-first alternative from the same fund family, see SCHD's dividend history — thirteen straight years of raises at many times the yield.
Do Index Funds Pay Dividends?
VOO, VTI, SPY, QQQ — what index funds actually pay, why the yields differ, and how reinvestment quietly does the heavy lifting.
Read: Do Index Funds Pay Dividends?