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Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
The Charles Schwab Corporation's Board of Directors has declared a quarterly cash dividend of $0.18 per common share, payable on November 26, 2021.
Stockholders of record as of November 12, 2021 will receive this dividend. Additionally, dividends were declared for several series of preferred stock, with payment scheduled for December 1, 2021. The company manages approximately $7.61 trillion in client assets and maintains a strong financial position with 32.7 million active brokerage accounts.
Positive
Declared a quarterly cash dividend of $0.18 per common share.
Strong client assets of approximately $7.61 trillion.
32.7 million active brokerage accounts, indicating robust customer engagement.
Negative
None.
WESTLAKE, Texas--(BUSINESS WIRE)--
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.18 per common share. The dividend is payable November 26, 2021 to stockholders of record as of the close of business on November 12, 2021.
In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 1, 2021 to stockholders of record as of the close of business on November 16, 2021:
Preferred Stock Series
Dividend Per Share
Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D
Dividend Period: September 1-November 30
$14.88
$0.372000
5.00% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F
Dividend Period: June 1-November 30
$2,500.00
$25.000000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G
Dividend Period: September 1-November 30
$1,343.75
$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H
Dividend Period: September 1-November 30
$1,000.00
$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I
Dividend Period: September 1-November 30
$1,000.00
$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J
Dividend Period: September 1-November 30
$11.13
$0.278250
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 32.7 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.61 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.
