The Motley Fool estimates 11,385 shares of Schwab U.S. Dividend Equity ETF (SCHD)—$378,893 at $33.28—would be needed for $12,000 a year, based on four payout amounts totaling $1.0541 per share, one scheduled for Sept. 28; SCHD pays quarterly and distributions vary.
The article says SCHD screens for companies with at least 10 consecutive years of dividend payments, five years of dividend growth, an above-average yield and strong balance sheets. It reports an average yield of about 3.1% over the past decade.
