Dividend Income

Top Income Contributors Across Five Dividend ETFs

Compare the leading dividend income contributors within SCHD, VIG, DGRO, VYM, and HDV, and see how income contribution can differ significantly from portfolio weight.

Published August 2, 2026 · Updated August 2, 2026

dividend income · dividend ETFs · ETF holdings

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Top Dividend Income Contributors by ETFSegment length = share of ETF dividend income from that companyETF0%10%20%30%40%50%1HDVVZ11.95%CVX7.95%PM7.56%XOM7.49%ABBV6.09%41.04%Top 5 Total2SCHDVZ7.34%MO5.71%CVX4.54%KO3.75%TXN23.66%Top 5 Total3DGROPM4.97%ABBV4.19%XOM3.92%JNJJPM19.13%Top 5 Total4VIGXOM5.23%JPM3.87%JNJAVGOMSFT16.90%Top 5 Total5VYMXOMAVGOCVXCSCOJPM13.80%Top 5 TotalShared across ETFsXOM ×4CVX ×3JPM ×3ABBV ×2AVGO ×2JNJ ×2PM ×2VZ ×2MOST CONCENTRATED ETFHDV41.04%Top 5 totalLARGEST SINGLE CONTRIBUTORVZ in HDV11.95%of HDV dividend incomeMOST SHARED COMPANYXOMAppears in 4 ETFsDGRO, HDV, VIG, VYM

Introduction

This visualization highlights selected top dividend income contributors within five popular dividend ETFs: SCHD, VIG, DGRO, VYM, and HDV. Each stacked bar represents only the included holdings for that ETF rather than the complete portfolio. The chart emphasizes each company's share of the ETF's dividend income, making it easy to compare how portfolio weight and stock dividend yield combine to influence overall income contribution.

Key insights

  • HDV shows the highest concentration among the included holdings

    Among the supplied rows, HDV has the largest combined income contribution from its featured holdings. Verizon Communications alone contributes 11.95% of the ETF's dividend income in the included data, making it the single largest contributor across all five ETFs.

  • Income contribution is not the same as portfolio weight

    Several holdings generate a much larger share of dividend income than their portfolio allocation might suggest. For example, Exxon Mobil in VIG contributes 5.23% of dividend income while representing only 1.91% of portfolio weight, illustrating how higher-yielding holdings can have an outsized impact on income.

  • Large positions do not always drive the most income

    Some of the largest portfolio weights contribute a relatively smaller share of dividend income. Microsoft in VIG has a 5.11% portfolio weight but accounts for only 2.09% of the included dividend income, demonstrating that portfolio size alone does not determine income contribution.

  • The same companies appear across multiple ETFs

    Several companies appear repeatedly across different ETFs, including Exxon Mobil, Chevron, JPMorgan Chase, Verizon Communications, and Philip Morris International. Their income contribution varies from fund to fund because each ETF assigns different portfolio weights while the companies maintain the same underlying dividend yields.

Methodology

Each stacked bar displays selected top dividend income contributors for an ETF rather than every holding in the fund. Segment length represents each company's share of the ETF's dividend income (incomeContributionPct). Portfolio weight and stock dividend yield are shown separately because they measure different characteristics and should not be interpreted as equivalent. The included holdings represent partial ETF coverage, so income contribution values do not necessarily sum to 100%, and companies that are not shown are simply outside the selected dataset—not zero contributors.

Data as of: August 2, 2026

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