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Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

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The Charles Schwab Corporation has declared a quarterly cash dividend of $0.20 per common share, payable on May 27, 2022. Stockholders on record by May 13, 2022 will receive this payment. Additionally, dividends were announced for various series of preferred stock, with payment dates set for June 1, 2022. The dividends include $14.88 for Series D, $980.82 for Series E, and others varying by series. Schwab currently manages approximately $7.86 trillion in client assets, holding over 33.6 million active brokerage accounts.

Positive
  • Quarterly cash dividend of $0.20 per common share enhances shareholder income.
  • Continued strong management of approximately $7.86 trillion in client assets.
  • Diverse series of preferred stock dividends indicate financial stability.
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 $0.20 per common share. The dividend is payable May 27, 2022 to stockholders of record as of the close of business on May 13, 2022.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 1, 2022 to stockholders of record as of the close of business on May 17, 2022:

Preferred Stock Series

Dividend Per
Share

Dividend Per
Depositary Share

5.95% Non-Cumulative Perpetual Preferred Stock, Series D

Dividend Period: March 1, 2022-May 31, 2022

$14.88

$0.372000

4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (in floating rate period)

Dividend Period: March 1, 2022-May 31, 2022

$980.82

$9.808200

5.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F

Dividend Period: December 1, 2021-May 31, 2022

$2,500.00

$25.000000

5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G

Dividend Period: March 1, 2022-May 31, 2022

$1,343.75

$13.437500

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H

Dividend Period: March 1, 2022-May 31, 2022

$1,000.00

$10.000000

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I

Dividend Period: March 1, 2022-May 31, 2022

$1,000.00

$10.000000

4.450% Non-Cumulative Perpetual Preferred Stock, Series J

Dividend Period: March 1, 2022-May 31, 2022

$11.13

$0.278250

5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K

Dividend Period: March 4, 2022-May 31, 2022

$1,208.33

$12.083300

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.6 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.86 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.

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

What is the dividend amount for Charles Schwab's common shares?

The dividend amount for Charles Schwab's common shares is $0.20 per share.

When is the dividend payable for SCHW?

The dividend for SCHW is payable on May 27, 2022.

What are the record dates for the dividend payments?

The record dates for the dividend payments are May 13, 2022, for common shares and May 17, 2022, for preferred shares.

What is the total client assets managed by Charles Schwab?

Charles Schwab manages approximately $7.86 trillion in client assets.

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

Dividend amounts for preferred shares vary, with Series D at $14.88 and Series E at $980.82, among others.

The Charles Schwab Corporation

NYSE:SCHW

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