Charles Schwab SCHD ETF Executes 3-for-1 Stock Split

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2024.10.11 15:45
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Schwab Asset Management executed a 3-for-1 stock split for its U.S. Dividend Equity ETF (SCHD), effective October 11th. This split increases the number of shares held by investors while maintaining the overall investment value. The new share price is approximately $34, making it more accessible for individual investors. SCHD targets income-focused investors, particularly retirees and those seeking steady dividends from high-quality U.S. companies. The fund's top holdings include major firms like Home Depot, BlackRock, and Cisco Systems.