<h1>How to Calculate Shares of SCHD Needed for $100 a Month in Dividends</h1>
<p>I’m Tyler, a former financial advisor and portfolio manager. Now I create financial content for free so you don’t have to pay for it.</p>

<h2>1. Determine Annual Income Needs</h2>
<p>Start by multiplying <strong>$100</strong> by <strong>12</strong> to get your desired annual income. That’s <strong>$1,200</strong>.</p>

<h2>2. Know SCHD's Dividend Yield</h2>
<p>Understand that SCHD, a blue-chip dividend fund, currently pays about <strong>3.7%</strong> in dividends.</p>

<h2>3. Calculate Required Investment</h2>
<p>Now, use the formula: <strong>$1,200 ÷ 0.037</strong>. You’d need approximately <strong>$32,432</strong> to earn $100 a month from SCHD.</p>

<h2>4. Determine the Share Price</h2>
<p>As of now, SCHD is trading around <strong>$27.92</strong>.</p>

<h2>5. Calculate Number of Shares Needed</h2>
<p>Finally, <strong>$32,432 ÷ $27.92</strong> means you’d need about <strong>1,161 shares</strong> of SCHD to produce $100 a month in dividends.</p>

<h2>Conclusion</h2>
<p>So can you live on dividends alone? Sure, but to do so, you’d already need to be pretty wealthy. If any of this is helpful, sign up for my free weekly newsletter by clicking the link in my bio, and each week, I’ll send you over another money playbook that actually works.</p>