SmarterDividends

DVY vs SCHD: Which Is the Better Dividend Stock?

As of June 2026, SCHD (Schwab U.S. Dividend Equity ETF) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. DVY offers the higher yield at 3.30%, SCHD has the higher dividend-safety score, and SCHD trades at the larger discount to fair value (-35%).

MetricDVYSCHD
Forward yield3.30%3.21%
Annual dividend$3.54$1.06
Payout ratio
Years of growth5 yr14 yr
5-yr dividend growth6.9%9.6%
5-yr total return36%30%
Dividend safety score76 (B)84 (A)
Fair value estimate$64.26$21.47
Upside to fair value-60%-35%
Frequencyquarterlyquarterly
Market cap
P/E ratio16.119.3

Higher yield

DVY

3.30%

Safer dividend

SCHD

Grade A

Faster growth

SCHD

9.6%

Better value

SCHD

-35% upside

DVY vs SCHD — FAQ

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