Schwab Declares 11% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

The Charles Schwab Corporation announced a 2 cent increase in its quarterly cash dividend, reflecting an 11% rise to $0.20 per share. This dividend will be distributed on February 25, 2022, to stockholders of record as of February 11, 2022. Chairman Charles Schwab expressed confidence in the company’s earnings and cash flow, emphasizing its strategic direction. The press release also details preferred stock dividends payable on March 1, 2022, for various series, with ranges from $14.88 to $23.125000.

Positive

• 11% increase in quarterly cash dividend to $0.20 per share, demonstrating confidence in financial stability.
• Dividends declared on preferred stock series further indicate strong cash flow management.

Negative

• None.

WESTLAKE, Texas--(BUSINESS WIRE)-- 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 Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1, 2021-February 28, 2022	$14.88	$0.372000
4.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E Dividend Period: September 1, 2021-February 28, 2022	$2,312.50	$23.125000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: December 1, 2021-February 28, 2022	$1,343.75	$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: December 1, 2021-February 28, 2022	$1,000.00	$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: December 1, 2021-February 28, 2022	$1,000.00	$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: December 1, 2021-February 28, 2022	$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/

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525



INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 415-667-1524

Source: The Charles Schwab Corporation

FAQ

What is the new dividend amount declared by Charles Schwab?

The new dividend amount is $0.20 per share, reflecting an 11% increase.

When will the dividend be paid to shareholders of Charles Schwab?

The dividend will be paid on February 25, 2022.

What is the record date for Charles Schwab's upcoming dividend?

The record date is February 11, 2022.

Are there dividends declared for preferred stock by Charles Schwab?

Yes, dividends for various preferred stock series are payable on March 1, 2022.

What are the dividend amounts for preferred stock series?

Preferred stock dividends range from $14.88 to $23.125000 depending on the series.