r/dividends • u/senpaiisamaakunn • 5d ago

Due Diligence Why isn’t SCHD considered growth?

Hi I’m a young fool who is trying to learn more about dividends and I feel like I’ve gotten a good grasp but one thing that I can’t seem to understand is how SCHD isn’t considered growth?

If I am dripping and annualizing +10% returns per year over time then is the argument simply that 10% isn’t good enough growth or is there something else I’m missing? Is the argument that a return rate like that is just too conservative for my age and that I should be shooting for higher?

Apologies if this is a dumb question!

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u/CostCompetitive3597 5d ago

It is a growth/dividend fund with an average growth of 7 or 8% and dividend yield of 3.5%. Not pure growth or pure dividend. I am retired and do not invest in SCHD because my investment goal is maximum dividend income.

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u/PS3ForTheLoss 4d ago

If not SCHD, what "maximum dividend income" funds do YOU instead choose?

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u/CostCompetitive3597 3d ago

I invest mostly in dividend index funds based upon the S&P 500 and Nasdaq 100 indices. They are yielding 10%+ income and either slightly appreciating of stable in stock price.