Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

The Charles Schwab Corporation announced a quarterly cash dividend of $0.25 per common share, payable on May 26, 2023, to shareholders of record as of May 12, 2023. Additionally, the Board declared dividends on various series of preferred stock, payable on June 1, 2023, to stockholders of record as of May 17, 2023. Key dividends include:

• 5.95% Series D: $14.88
• 5.00% Series F: $2,500.00
• 5.375% Series G: $1,343.75
• 4.00% Series H: $1,000.00

Schwab serves over 34.1 million active brokerage accounts and manages $7.58 trillion in client assets, providing a broad range of financial services.

Positive

• Quarterly cash dividend increased to $0.25 per common share.
• Strong client base with 34.1 million brokerage accounts.
• $7.58 trillion in client assets managed.

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 $0.25 per common share. The dividend is payable May 26, 2023 to stockholders of record as of the close of business on May 12, 2023.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 1, 2023 to stockholders of record as of the close of business on May 17, 2023:

Preferred Stock Series	Dividend Per Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2023-May 31, 2023	$14.88	$0.372000
5.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F Dividend Period: December 1, 2022-May 31, 2023	$2,500.00	$25.000000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: March 1, 2023-May 31, 2023	$1,343.75	$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: March 1, 2023-May 31, 2023	$1,000.00	$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: March 1, 2023-May 31, 2023	$1,000.00	$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: March 1, 2023-May 31, 2023	$11.13	$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: March 1, 2023-May 31, 2023	$1,250.00	$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 34.1 million active brokerage accounts, 2.4 million corporate retirement plan participants, 1.7 million banking accounts, and $7.58 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, https://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 https://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/20230426006003/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

When will Charles Schwab pay its next dividend?

Charles Schwab will pay its next dividend of $0.25 per common share on May 26, 2023.

What are the dividend amounts for Charles Schwab's preferred stocks?

Dividend amounts for preferred stocks include $14.88 for Series D, $2,500.00 for Series F, and $1,343.75 for Series G.

What is the dividend payment date for Series D preferred stock?

The payment date for Series D preferred stock is June 1, 2023.

What is the record date for common stock dividends at Charles Schwab?

The record date for the common stock dividend is May 12, 2023.