Where does SCYB's income come from?

an index fund tracking U.S. dollar high-yield corporate bonds (ICE BofA US Cash Pay High Yield Constrained Index) at a rock-bottom fee. The fund distributes the interest its holdings pay, monthly.

How does SCYB differ from USHY?

Both are broad, cheap high-yield index funds; they track different indexes (ICE BofA constrained for SCYB, iBoxx broad for USHY) with slightly different issuer caps and inclusion rules. In practice they behave near-identically — the choice is largely brand and basis points.

How often does SCYB pay dividends?

Monthly, and it has paid since September 2023.

Why do SCYB's payments change from month to month?

Because the underlying yields do. As bonds mature and new ones enter at prevailing rates — and as rates themselves move — the fund's income drifts with the rate cycle. The year-by-year table above is effectively a history of that cycle.

SCYB Dividend History & Next Ex-Dividend Date

Q: When is SCYB's next ex-dividend date?

SCYB pays monthly, so the next ex-dividend date typically falls about a month after the previous one. Exact dates are announced by the fund shortly before each payout. This page computes the expected window from SCYB's live payment data and shows the most recent ex-dividend dates and amounts. You must own shares before the ex-dividend date to receive that payout.

← All dividend history charts

SCYB Dividend — Quick Facts

Pays: monthly.
First paid: September 2023 — every payment since is charted below.
What it is: an index fund tracking U.S. dollar high-yield corporate bonds (ICE BofA US Cash Pay High Yield Constrained Index) at a rock-bottom fee.
Fee: 0.03% total expense ratio (issuer page).
The bargain: at 0.03% it undercuts even USHY — the fee war reached junk bonds, and income investors won.

Bond-fund income is the market's most transparent: the fund passes through what its holdings yield, so the chart below is really a chart of interest rates as lived by income investors — no option overlays, no engineered payouts.

Every Dividend Payment, Over Time

SCYB pays monthly. Each point below is one dividend since September 2023.

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SCYB Payment Schedule & Next Ex-Dividend Date

Recent Ex-Dividend Dates	Dividend / Share

"Next expected" is estimated from SCYB'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.

The Income That Needs No Tricks

Most funds on this site manufacture yield — options sold, leverage added, payouts engineered. SCYB just owns debt and forwards the interest. That makes its chart the honest baseline: whatever an option-income fund pays above this is the price of the extra risk it carries.

Watch how differently it moves from the equity-income funds — overlay SCYB against any of them on the compare tool, and find its next payday on the live dividend calendar.

Year-by-Year Table

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. Note: after a share split, this data source restates all historical per-share payouts in today's share terms — the split disclosure above the chart applies.

When Is SCYB's Next Ex-Dividend Date?

SCYB pays monthly. 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 SCYB's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.

SCYB's Record So Far

SCYB — the Schwab High Yield Bond ETF — launched in July 2023 and has paid monthly since September 2023. The chart above shows every declared dividend.

The Fee War Comes for Junk

Schwab launched SCYB in 2023 at a fee that would have been unthinkable for high yield a decade earlier. Its young record — monthly since September 2023, plus a 2-for-1 split in 2024 — is already long enough to show the strategy plainly: credit-cycle income, diversified across the junk-bond market, with almost nothing skimmed.

Reading the Chart Honestly

For a bond fund, the payment line tracks interest rates and the share price tracks them inversely — judge the package on total return for your holding period, not either line alone. The compare tool puts SCYB beside anything else we track.

See Every Fund's Next Payday

The live dividend calendar computes expected ex-dividend windows for every fund we track — one page, all the paydays.

Open the Dividend Calendar

Educational content only — not financial advice. Payout history is provided by a third-party data source and may contain errors, omissions, or delays; verify against official sources before relying on it. Past distributions do not guarantee future payments. This is not a recommendation to buy or sell any security.