Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Charles Schwab (SCHW) has declared a quarterly cash dividend of $0.25 per common share, payable November 22, 2024, to stockholders of record as of November 8, 2024. Additionally, the company announced dividends on seven series of preferred stock, all payable December 2, 2024, to stockholders of record as of November 15, 2024. The preferred stock dividends range from $0.278250 to $25.000000 per depositary share across different series, including Series D, F, G, H, I, J, and K, with varying fixed and fixed-to-floating rates.

Positive

• Maintained regular quarterly dividend of $0.25 per common 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 regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 2, 2024 to stockholders of record as of the close of business on November 15, 2024:

Preferred Stock Series	Dividend Per Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2024-November 30, 2024	$14.88	$0.372000
5.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F Dividend Period: June 1, 2024-November 30, 2024	$2,500.00	$25.000000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: September 1, 2024-November 30, 2024	$1,343.75	$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: September 1, 2024-November 30, 2024	$1,000.00	$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: September 1, 2024-November 30, 2024	$1,000.00	$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: September 1, 2024-November 30, 2024	$11.13	$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: September 1, 2024-November 30, 2024	$1,250.00	$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.0 million active brokerage accounts, 5.4 million workplace plan participant accounts, 2.0 million banking accounts, and $9.92 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/20241022145924/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

When will Schwab (SCHW) pay its next common stock dividend?

Schwab will pay its next common stock dividend of $0.25 per share on November 22, 2024, to stockholders of record as of November 8, 2024.

What is Schwab's (SCHW) current quarterly dividend per share?

Schwab's current quarterly dividend is $0.25 per common share.

When is the record date for Schwab's (SCHW) preferred stock dividends?

The record date for Schwab's preferred stock dividends is November 15, 2024, with payment scheduled for December 2, 2024.

What is the highest preferred stock dividend rate offered by Schwab (SCHW)?

The highest preferred stock dividend rate is 5.95% for the Non-Cumulative Perpetual Preferred Stock, Series D.