The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 11%, increase in the regular quarterly cash dividend to $0.20 per common share. The dividend is payable February 25, 2022 to stockholders of record as of the close of business on February 11, 2022.
Chairman Charles Schwab commented, “This dividend increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and cash flow as we pursue our ‘Through Clients’ Eyes’ strategy.”
In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2022 to stockholders of record as of the close of business on February 14, 2022:
Preferred Stock Series |
Dividend Per
|
Dividend Per
|
5.95% Non-Cumulative Perpetual Preferred Stock, Series D
|
$14.88 |
$0.372000 |
4.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E
|
$2,312.50 |
$23.125000 |
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G
|
$1,343.75 |
$13.437500 |
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H
|
$1,000.00 |
$10.000000 |
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I
|
$1,000.00 |
$10.000000 |
4.450% Non-Cumulative Perpetual Preferred Stock, Series J
|
$11.13 |
$0.278250 |
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.2 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.5 million banking accounts, and approximately $8.14 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, www.sipc.org), and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.aboutschwab.com.
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220126006019/en/
Contacts
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 415-667-1524
