5 Best Dividend ETFs in 2023

2. Schwab U.S. Dividend Equity ETF (NYSE:SCHD)

Schwab U.S. Dividend Equity ETF (NYSE:SCHD)’s goal is to track the total return of the Dow Jones U.S. Dividend 100™ Index.

Schwab U.S. Dividend Equity ETF (NYSE:SCHD) focuses on high-quality stocks with sustainable divided payouts. Since its inception Schwab U.S. Dividend Equity ETF (NYSE:SCHD) has posted over 13% in annualized returns. Schwab U.S. Dividend Equity ETF (NYSE:SCHD)’s top holdings include AbbVie Inc. (NYSE:ABBV), PepsiCo, Inc. (NYSE:PEP), The Coca-Cola Company (NYSE:KO) and Verizon Communications Inc. (NYSE:VZ).

Among these top holdings, The Coca-Cola Company (NYSE:KO) is one of the most popular dividend stocks among the elite hedge funds tracked by Insider Monkey. As of the end of the fourth quarter of 2022, 58 hedge funds had stakes in The Coca-Cola Company (NYSE:KO). The biggest hedge fund stakeholder of The Coca-Cola Company (NYSE:KO) is Warren Buffett’s Berkshire Hathaway which owns a $25.4 billion stake in the company.