As I do now and then, I’m here to recommend an exchange-traded fund (ETF) for your consideration. (Remember that ETFs are funds that trade like stocks.) Specifically, one that’s focused on dividend-paying stocks. There are many such ETFs to choose from, but it’s hard for me to recommend any other one than the Schwab U.S. Dividend Equity ETF (SCHD 0.89%).
Here’s a look at why I like it so much.
Image source: Getty Images.
A glorious mix of income and growth
With dividend-focused ETFs, there’s generally a trade-off between dividend income and growth. The highest-yielding ETFs tend to grow more slowly, and vice versa. The Schwab U.S. Dividend Equity ETF, though, is strong on both counts.
Schwab U.S. Dividend Equity ETF
Today’s Change
(-0.89%) $-0.29
Current Price
$32.30
Key Data Points
Day’s Range
$32.29 – $32.66
52wk Range
$26.16 – $32.91
Volume
26.8M
Its dividend yield is 3.25% (as of June 3);…
