Car-Guy
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I know I posted this earlier but just a reminder to all of you invested in Schwab's MM funds (Like SWVXX) and are expecting your dividend payment today (the 15th). Just got this from Schwab.
This is an annual reminder that in December, dividends for all Schwab Money Funds are paid on the last business day of the month instead of the typical mid-month payment schedule.
Since this annual distribution date covers a larger (47-day) accrual period, your December dividend payment will be greater than the amount for a one-month (30-day) cycle.
Your December distribution.
No action is needed from you. Based on your current position in a Schwab Money Fund(s), you’ll receive the scheduled dividend distribution for the following Schwab Money Fund(s) on December 29, 2023.
SWVXX Schwab Value Advantage Money Fund - Investor Shares
Dividend distributions for January 2024 will cover a shorter accrual period.
Following the December distribution date, we will resume the mid-month dividend payment schedule. As a result, your next dividend payment (January 16, 2024) will only include payment for a 15-day accrual period. This shorter accrual period will result in a January dividend payment that will be smaller than customary.
This is an annual reminder that in December, dividends for all Schwab Money Funds are paid on the last business day of the month instead of the typical mid-month payment schedule.
Since this annual distribution date covers a larger (47-day) accrual period, your December dividend payment will be greater than the amount for a one-month (30-day) cycle.
Your December distribution.
No action is needed from you. Based on your current position in a Schwab Money Fund(s), you’ll receive the scheduled dividend distribution for the following Schwab Money Fund(s) on December 29, 2023.
SWVXX Schwab Value Advantage Money Fund - Investor Shares
Dividend distributions for January 2024 will cover a shorter accrual period.
Following the December distribution date, we will resume the mid-month dividend payment schedule. As a result, your next dividend payment (January 16, 2024) will only include payment for a 15-day accrual period. This shorter accrual period will result in a January dividend payment that will be smaller than customary.
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