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The Smartest Dividend ETF to Buy With $1,000 Right Now
['Stefon Walters']
The Motley Fool
If you're looking for a high-quality dividend ETF to add to your portfolio, you should consider the Schwab U.S. Dividend Equity ETF (SCHD 0.55%).
A sustained high dividend yieldYou shouldn't solely focus on dividend yields because they fluctuate with stock price movements, but it's still worth paying attention to the dividend yield a dividend-focused ETF is able to sustain.
At its current dividend yield, a $1,000 investment would pay around $37 annually.
With a DRIP, your broker will take the dividends SCHD pays you and automatically reinvest them to buy more shares of the ETF.
A single $1,000 investment today could grow to over $9,600 in 20 years.
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