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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 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.