Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

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The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable on August 25, 2023, to stockholders of record as of August 11, 2023. Dividends have also been declared on various series of outstanding preferred stock.

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 August 25, 2023 to stockholders of record as of the close of business on August 11, 2023.

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

Preferred Stock Series	Dividend Per Share	Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: June 1, 2023-August 31, 2023	$14.88	$0.372000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: June 1, 2023-August 31, 2023	$1,343.75	$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: June 1, 2023-August 31, 2023	$1,000.00	$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: June 1, 2023-August 31, 2023	$1,000.00	$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: June 1, 2023-August 31, 2023	$11.13	$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: June 1, 2023-August 31, 2023	$1,250.00	$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 34.4 million active brokerage accounts, 2.4 million corporate retirement plan participants, 1.8 million banking accounts, and $8.02 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., (member 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/20230727863923/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

What is the dividend amount declared by The Charles Schwab Corporation?

The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.25 per common share.

When will the dividend be payable?

The dividend will be payable on August 25, 2023.

Who is eligible to receive the dividend?

Stockholders of record as of the close of business on August 11, 2023, are eligible to receive the dividend.

Has The Charles Schwab Corporation declared dividends on preferred stock?

Yes, dividends have been declared on various series of outstanding preferred stock.