Schwab Declares 8% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Charles Schwab has announced an 8% increase in its quarterly common stock dividend, raising it by 2 cents to $0.27 per share. The dividend will be paid on February 28, 2025 to stockholders of record as of February 14, 2025.

Additionally, the company declared dividends on six series of preferred stock, all payable on March 3, 2025 to stockholders of record as of February 14, 2025. The preferred stock dividends include:

• Series D: $0.372000 per depositary share
• Series G: $13.437500 per depositary share
• Series H: $10.000000 per depositary share
• Series I: $10.000000 per depositary share
• Series J: $0.278250 per depositary share
• Series K: $12.500000 per depositary share

Positive

• 8% increase in quarterly common stock dividend
• Dividend raised by $0.02 to $0.27 per share
• Consistent dividend payments across all preferred stock series

Negative

• None.

WESTLAKE, Texas--(BUSINESS WIRE)-- The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 8%, increase in the regular quarterly cash dividend to $0.27 per common share. The dividend is payable February 28, 2025 to stockholders of record as of the close of business on February 14, 2025.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 3, 2025 to stockholders of record as of the close of business on February 14, 2025:

Preferred Stock Series	Dividend Per Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1, 2024-February 28, 2025	$14.88	$0.372000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: December 1, 2024-February 28, 2025	$1,343.75	$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: December 1, 2024-February 28, 2025	$1,000.00	$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: December 1, 2024-February 28, 2025	$1,000.00	$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: December 1, 2024-February 28, 2025	$11.13	$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: December 1, 2024-February 28, 2025	$1,250.00	$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.5 million active brokerage accounts, 5.4 million workplace plan participant accounts, 2.0 million banking accounts, and $10.10 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 subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its 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 https:// www.aboutschwab.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250129678111/en/

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

Source: The Charles Schwab Corporation

FAQ

What is the new quarterly dividend amount for SCHW common stock?

The new quarterly dividend for Charles Schwab (SCHW) common stock is $0.27 per share, representing an 8% increase from the previous dividend.

When will SCHW pay its next common stock dividend?

Charles Schwab will pay its next common stock dividend on February 28, 2025, to stockholders of record as of February 14, 2025.

How much did SCHW increase its quarterly dividend?

Charles Schwab increased its quarterly dividend by 2 cents, representing an 8% increase from the previous dividend amount.

What is the dividend payment date for SCHW preferred stock series?

The preferred stock dividends will be paid on March 3, 2025, to stockholders of record as of February 14, 2025.

What is the dividend amount for SCHW Series G preferred stock?

The Series G preferred stock dividend is $13.437500 per depositary share for the dividend period December 1, 2024-February 28, 2025.