Schwab Declares Common Stock Dividend and Declares Preferred Stock 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 August 27, 2021, to stockholders of record by August 13, 2021. Additionally, dividends on various series of outstanding preferred stock were announced, payable on September 1, 2021, to stockholders of record by August 17, 2021. Key preferred dividends include $14.88 per share for Series D and $2,312.50 per share for Series E.

Positive

• $0.18 quarterly cash dividend for common shares supports shareholder income.
• Confidence in returning value to shareholders through consistent dividend payments.

Negative

• None.

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 August 27, 2021 to stockholders of record as of the close of business on August 13, 2021.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 1, 2021 to stockholders of record as of the close of business on August 17, 2021:

Preferred Stock Series	Dividend Per Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D	$14.88	$0.372000
Dividend Period: June 1-August 31
4.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E	$2,312.50	$23.125000
Dividend Period: March 1-August 31
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G	$1,343.75	$13.437500
Dividend Period: June 1-August 31
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H	$1,000.00	$10.000000
Dividend Period: June 1-August 31
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I	$1,000.00	$10.000000
Dividend Period: June 1-August 31
4.450% Non-Cumulative Perpetual Preferred Stock, Series J	$11.13	$0.278250
Dividend Period: June 1-August 31

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 32.3 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.57 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/20210721005940/en/

FAQ

What is the dividend amount declared by Charles Schwab for common shares?

The Board declared a quarterly cash dividend of $0.18 per common share.

When will the dividend for common shares be paid?

The dividend will be paid on August 27, 2021.

What is the record date for the common stock dividend?

The record date for the common stock dividend is August 13, 2021.

What are the preferred stock dividends declared by Charles Schwab?

Preferred dividends include $14.88 for Series D and $2,312.50 for Series E, among others.

When will the preferred stock dividends be paid?

Preferred stock dividends will be paid on September 1, 2021.