5 Best Dividend ETFs To Buy

4. Schwab U.S. Dividend Equity ETF (NYSE:SCHD)

5-year Share Price Performance as of March 15: 50.81%

Schwab U.S. Dividend Equity ETF (NYSE:SCHD) aims to closely track the total return of the Dow Jones U.S. Dividend 100 Index before fees and expenses. It invests in stocks selected for their fundamental strength compared to peers, based on financial ratios. Established on October 20, 2011, Schwab U.S. Dividend Equity ETF (NYSE:SCHD) had net assets of $64.5 billion as of March 14, 2024, with a net expense ratio of 0.060%. The ETF offers a distribution yield of 3.41% and a 30-day SEC yield of 3.46%. Schwab U.S. Dividend Equity ETF (NYSE:SCHD) is one of the best dividend ETFs to invest in. 

AbbVie Inc. (NYSE:ABBV) is one of the top holdings of Schwab U.S. Dividend Equity ETF (NYSE:SCHD). The company discovers, develops, and sells pharmaceuticals worldwide. On February 15, AbbVie Inc. (NYSE:ABBV) declared a quarterly dividend of $1.55 per share, in line with previous. The dividend is payable on May 15, to shareholders on record as of April 15. 

According to Insider Monkey’s fourth quarter database, 76 hedge funds were long AbbVie Inc. (NYSE:ABBV), compared to 73 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest stakeholder of the company, with 3.17 million shares worth $491.7 million. 

Carillon Eagle Mid Cap Growth Fund made the following comment about AbbVie Inc. (NYSE:ABBV) in its Q3 2023 investor letter:

“AbbVie Inc. (NYSE:ABBV) reported strong, broad-based second-quarter performance that exceeded analysts’ expectations. The company’s raised guidance was a nice recovery after its mildly disappointing first-quarter report.”