HDV Dividend Calculator
Dividend growth rate (CAGR)
| Year | Yield | Div / share | Annual income | Yield on cost | Cumulative income | Portfolio value | Shares |
|---|---|---|---|---|---|---|---|
| 1 | 2.7% | $0.79 | $290.00 | 2.3% | $290.00 | $13,425 | 461.56 |
| 2 | 2.6% | $0.81 | $375.61 | 2.5% | $665.61 | $17,160 | 553.99 |
| 3 | 2.5% | $0.84 | $463.22 | 2.7% | $1,129 | $21,229 | 643.52 |
| 4 | 2.4% | $0.86 | $552.87 | 2.8% | $1,682 | $25,655 | 730.21 |
| 5 | 2.4% | $0.88 | $644.61 | 2.9% | $2,326 | $30,463 | 814.14 |
| 6 | 2.3% | $0.91 | $738.46 | 3.0% | $3,065 | $35,680 | 895.38 |
| 7 | 2.2% | $0.93 | $834.48 | 3.1% | $3,899 | $41,336 | 973.99 |
| 8 | 2.1% | $0.96 | $932.71 | 3.2% | $4,832 | $47,460 | 1050.05 |
| 9 | 2.0% | $0.98 | $1,033 | 3.3% | $5,865 | $54,086 | 1123.62 |
| 10 | 2.0% | $1.01 | $1,136 | 3.3% | $7,001 | $61,249 | 1194.76 |
Year 1-10 dividend income (preview)
Based on a $10,000 initial investment with $200.00 monthly contributions, DRIP on.
Historical dividends per share
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-03-17 | $0.17 | 3.5% | 2.5% | $27.10 |
| 2025-12-16 | $0.25 | 4.2% | 4.2% | $24.13 |
| 2025-09-16 | $0.19 | 4.1% | 3.1% | $24.25 |
| 2025-06-16 | $0.18 | 3.5% | 3.1% | $23.41 |
| 2025-03-18 | $0.16 | 4.1% | 2.7% | $23.81 |
| 2024-12-17 | $0.22 | 4.5% | 4.0% | $22.70 |
| 2024-09-25 | $0.25 | 3.4% | 4.2% | $23.27 |
| 2024-06-11 | $0.19 | 3.5% | 3.4% | $21.62 |
| 2024-03-21 | $0.17 | 4.4% | 3.1% | $21.61 |
| 2023-12-20 | $0.20 | 3.9% | 3.9% | $20.14 |
| 2023-09-26 | $0.22 | 4.1% | 4.3% | $19.92 |
| 2023-06-07 | $0.16 | 4.8% | 3.2% | $19.93 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of last 12 months of payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About HDV
HDV — the iShares Core High Dividend ETF — is a passive dividend-equity fund managed by iShares (BlackRock) that tracks the Morningstar Dividend Yield Focus Index. Launched in 2011, the fund screens the US dividend universe for stocks that combine an above-average dividend yield with a quality overlay built around Morningstar's economic-moat framework, financial-health screens, and a forward-looking sustainability assessment of the underlying dividend. The qualifying universe is narrow by design: the index typically holds around seventy-five names, which is meaningfully tighter than VYM's four-to-five-hundred-name basket and somewhat tighter than SCHD's top-one-hundred-name basket. The expense ratio is among the lowest in the dividend-ETF category — iShares Core funds are positioned as low-cost passive vehicles, and HDV's cost structure undercuts most other yield-focused ETFs in the US market.
HDV's selection methodology produces a portfolio that is more sector-concentrated than SCHD or VYM. The Morningstar Dividend Yield Focus Index applies an economic-moat filter (wide- or narrow-moat companies only, in Morningstar's classification system) before ranking the eligible universe by dividend yield, which has the practical effect of skewing the basket toward sectors where moat-rated companies cluster — energy majors, healthcare incumbents, consumer-staples leaders, and a meaningful weight in telecom and utilities. The top-ten holdings are typically dominated by names like ExxonMobil, Chevron, AbbVie, Johnson & Johnson, Verizon, Philip Morris, and Procter & Gamble — large, mature, moat-classified payers — and the sector concentration in energy and healthcare often runs well above twenty percent each. Investors comparing HDV to SCHD will see meaningful overlap in the largest holdings but a noticeably different sector mix: HDV runs heavier energy and consumer-staples, lighter financials and industrials than SCHD's basket does in most measurement periods.
The structural consequence of HDV's quality-plus-moat construction is that the fund's dividend stream tracks the payout policies of a relatively small set of mature, moat-rated US large-caps. That concentration produces both an advantage and a risk: the advantage is that the constituent set tends to maintain dividends through stress windows better than higher-yielding-without-quality baskets do (the moat screen filters out names with weaker competitive positions and therefore weaker payout sustainability), and the risk is that any single-sector cut episode — for example a multi-year decline in energy-sector payouts — produces a larger drag on HDV's aggregate distribution than it would on a more diversified basket. The fund navigated the 2020 COVID demand shock with relatively limited distribution disruption, though the energy-sector dividend pressure in 2020-21 (Exxon held its dividend but several other energy constituents reduced) did temporarily affect the basket's aggregate growth pattern.
How HDV pays dividends
HDV distributes cash dividends quarterly. The ex-dividend date typically falls in the second or third week of March, June, September, and December, with the pay date following a few business days later. The per-share cash amount is the aggregate dividend collected from the portfolio's roughly seventy-five holdings during the quarter, net of the fund's expense ratio. Quarter-to-quarter amounts can vary modestly because individual constituents pay on different schedules within the quarter and because the fund's holdings rotate as the underlying index rebalances. Over a calendar year, the aggregate distribution is the meaningful figure for income-planning purposes; quarter-to-quarter variation is normal and not a signal of any change in underlying strategy.
HDV's distributions are composed predominantly of qualified dividends — income from underlying US companies that meets the IRS holding-period requirements. For shareholders who also meet the qualified-dividend holding requirement (generally sixty-one days around the ex-date), these distributions are taxed at long-term capital-gains rates rather than ordinary-income rates. This is a meaningful tax advantage for taxable accounts at high marginal brackets, where the spread between qualified-dividend rates and ordinary-income rates is largest. Tax-advantaged accounts (IRA, Roth IRA, 401(k)) shelter the income entirely and the qualified-versus-ordinary distinction is irrelevant inside the wrapper.
The annual distribution has grown across most rolling five-year windows since the fund's 2011 inception, though the growth pattern reflects the underlying moat-rated constituent universe's dividend trajectory rather than a smooth single-digit-DGR pattern. Energy-sector payout pressure in 2015-16 and again in 2020-21 produced flat-to-modestly-down years in HDV's aggregate distribution; consumer-staples and healthcare-sector hikes have generally offset those episodes over multi-year windows. The expense ratio is low — among the lowest in the dividend-ETF category — and the cumulative drag from expenses over a multi-decade horizon is meaningfully smaller for HDV than for moderate-fee or actively managed dividend funds. The compounding advantage shows up in the calculator's projected income line at the long end of the horizon.
Who HDV suits
HDV suits investors who want concentrated exposure to a moat-rated, quality-screened, yield-tilted slice of the US large-cap dividend universe at a very low expense ratio, prefer a tighter basket of seventy-five names over the broader hundred-to-five-hundred-name dividend baskets, and are comfortable with the higher sector concentration in energy, healthcare, and consumer staples that the moat-plus-yield methodology produces. The fund is structurally different from the broader dividend ETFs in both holding count and sector mix; investors should treat it as a distinct option rather than a substitute for SCHD or VYM, because the sector concentration produces a different dividend trajectory under stress.
HDV versus SCHD versus VYM is the comparison to run for anyone choosing among US dividend ETFs in this category. SCHD applies quality screens (return on equity, debt-to-equity, cash flow stability, minimum dividend history) and selects the top one hundred names from a broader US dividend universe — produces a quality-screened basket with strong historical dividend growth at a moderate forward yield. VYM applies a simpler yield-above-median filter to a broad universe and cap-weights — produces a four-to-five-hundred-name diversified basket with modest dividend growth at a moderate forward yield. HDV applies an economic-moat filter plus yield ranking — produces a tighter seventy-five-name basket more concentrated in energy, healthcare, and consumer staples than either, at a slightly higher forward yield than SCHD or VYM and at a comparable or lower expense ratio. The three funds occupy three distinct positions on the yield-quality-diversification trade-off, and the calculator on this page can be run across all three with the same inputs to compare projected income lines side by side over multi-year horizons.
HDV is held in both taxable and tax-advantaged accounts. In taxable accounts the qualified-dividend treatment is a real after-tax advantage relative to option-income ETFs (JEPI, JEPQ, MSTY) whose distributions are largely ordinary income or return of capital. In tax-advantaged accounts the wrapper renders distribution-character differences irrelevant, and the choice between HDV, SCHD, and VYM comes down to underlying composition and expected dividend trajectory rather than tax treatment. The dividend calculator on this page can model HDV using the current forward yield and a modest annual DGR consistent with the fund's historical pattern; users planning around a long horizon should also run the same scenario with a flatter or slightly negative DGR to test sensitivity to the kind of single-sector cut pressure HDV has experienced in past stress windows, given the concentrated nature of the underlying basket.
Hypothetical scenarios
Scenario 1: $50,000 plus $500/month into HDV over 20 years
Consider a hypothetical accumulation strategy: $50,000 starting capital plus $500 added every month, all in HDV, with quarterly DRIP enabled. The calculator on this page can model this directly — set Initial investment to $50,000, Extra contribution to $500, Contribution frequency to Monthly, time horizon to 20 years, DRIP on. HDV's dividend frequency is locked to quarterly on this page, so four annual distributions reinvest into additional shares, and the monthly contributions add to share count at the current price each month.
The mechanics: each month the new $500 buys additional shares, each quarter the dividend received from the accumulated shares is reinvested, and the share count compounds over time. HDV's starting forward yield typically runs at the higher end of the broad US dividend-ETF range — above SCHD and VYM in most measurement periods — because the moat-plus-yield methodology over-weights mature, high-yielding incumbents in energy, healthcare, and consumer staples. The higher starting yield accelerates the share-count compounding in the early years of the projection on the same dollar base, which compounds into a higher cumulative cash collected at any given horizon — provided the per-share distribution holds at or near the starting forward yield over the holding window. The structural risk is the basket's sector concentration: a multi-year decline in any one of the dominant sectors (energy is the most-cited example given Exxon and Chevron's combined weight) produces a larger drag on HDV's aggregate distribution than it would on a more diversified basket.
A modest single-digit annual DGR is a defensible base-case assumption for HDV, recognizing that the historical pattern has included flat-to-modestly-down years tied to sector-level payout pressure (energy in 2015-16 and 2020-21 were the most-visible examples). The output worth focusing on is the per-quarter income figure shown beneath the KPI block — that's roughly what a holder would expect to see deposit into a brokerage account at the end of the horizon under the chosen assumptions. Investors who want a more conservative projection should run the same scenario with a flat or slightly negative DGR to model the impact of one sector-cut window over the projection horizon. Real outcomes depend on the realized dividend trajectory of the underlying moat-rated constituent set, on the path of energy-sector payouts in particular given HDV's concentration there, and on the broader path of mature US large-cap dividend policy across the holding window.
Scenario 2: HDV versus SCHD — the moat-plus-yield versus quality-screened comparison
Consider the structural comparison between HDV and SCHD at the same starting capital and contribution pattern: $50,000 plus $500/month over twenty years with quarterly DRIP enabled on both. The two funds occupy adjacent but distinct positions on the dividend-ETF map — both are passive, low-cost, quarterly-paying, and tracked by reputable indexes — but they differ on selection methodology, holding count, and sector mix in ways that produce different income lines over a multi-decade window.
SCHD's quality-screened top-one-hundred-name basket starts at a moderate forward yield, typically a touch below HDV's, but historically has produced higher dividend growth across rolling five-year windows. The calculator output at, say, a 3.5-percent starting yield and a high-single-digit annual DGR produces an income line that starts lower than HDV's projection but grows faster over time and crosses HDV's income line somewhere in the mid-horizon range. The total cumulative cash collected over the twenty-year window depends on where the crossover happens and how steep the divergence is, which in turn depends on whether SCHD's quality screens continue to produce above-average dividend growth in the forward window relative to HDV's moat-rated basket.
HDV's moat-plus-yield seventy-five-name basket starts at a higher forward yield than SCHD but with somewhat lower historical dividend growth across the post-inception period — the basket's concentration in mature payers (Exxon, Chevron, AbbVie, Johnson & Johnson, Verizon, Philip Morris) produces high current yield but slower aggregate growth than the SCHD basket's quality-screened-for-growth construction. The calculator output at HDV's higher starting yield and a more modest DGR produces an income line that starts higher but rises less steeply. Whether the cumulative cash collected over twenty years favors HDV or SCHD depends on whether the higher starting yield more than offsets the lower growth rate over the holding horizon — a question that turns on the realized dividend-growth trajectories of the two underlying constituent universes.
The honest reading of the comparison is that HDV and SCHD represent two distinct bets on the moat-rated and quality-screened slice of the US dividend universe. HDV makes the higher-yield-now-with-slower-growth bet through moat-plus-yield ranking; SCHD makes the lower-yield-now-with-faster-growth bet through return-on-equity-and-cash-flow screens on a broader universe. Investors who weight current yield heavily should weight HDV more; investors who weight long-horizon dividend-growth potential heavily should weight SCHD more; investors who want broad diversification at a similar cost should weight VYM more. The constituent overlap between HDV and SCHD is meaningful but partial — large mature payers appear in both, but the sector mix and the weighting methodology differ — so holding both produces some diversification benefit. As always, this content is educational only; the calculator output is a model based on user-supplied inputs, not a forecast of realized future outcomes.
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-15.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.