Investing $275 Monthly in SCHD Could Build Serious Passive Income Over 20 Years
SCHD has an excellent record of paying a steadily rising dividend.
Overview
Investing $275 a month into the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) could build significant passive dividend income over the next two decades. If the leading dividend ETF grows its dividend and share price at 9% compound annual rates, and you reinvest all dividends, it would produce over $7,360 in annual dividend income by 2046.
Here's a look at how compounding could turn a relatively modest monthly investment into a growing stream of dividend income over the next two decades.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.