Schwab US Large-Cap ETF (SCHX) Announces Dividend Increase – $0.31 Per Share
Schwab US Large-Cap ETF (NYSEARCA:SCHX) announced a quarterly dividend on Wednesday, September 26th, Wall Street Journal reports. Stockholders 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 dividend 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.
Shares of NYSEARCA SCHX traded up $0.30 during trading on Thursday, hitting $69.67. 8,189 shares of the company traded hands, compared to its average volume of 998,530. Schwab US Large-Cap ETF has a 1 year low of $59.49 and a 1 year high of $70.50.
A hedge fund recently raised its stake in Schwab US Large-Cap ETF stock. Bank of New York Mellon Corp increased its holdings in shares of Schwab US Large-Cap ETF (NYSEARCA:SCHX) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,495 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.
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.
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