Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Charles Schwab (SCHW) has declared a regular quarterly cash dividend of $0.25 per common share, payable on August 23, 2024, to stockholders of record as of August 9, 2024. The company also announced dividends on six series of outstanding preferred stock, all payable on September 3, 2024, to stockholders of record as of August 19, 2024. These include:

• Series D: $0.372000 per depositary share
• Series G: $13.437500 per depositary share
• Series H: $10.000000 per depositary share
• Series I: $10.000000 per depositary share
• Series J: $0.278250 per depositary share
• Series K: $12.500000 per depositary share

This dividend declaration demonstrates Schwab's commitment to returning value to shareholders across both common and preferred stock classes.

Positive

• Consistent quarterly dividend of $0.25 per common share maintained
• Dividends declared on six series of preferred stock, providing additional income for diverse shareholder base
• Timely dividend payments scheduled, indicating strong cash flow management

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 August 23, 2024 to stockholders of record as of the close of business on August 9, 2024.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 3, 2024 to stockholders of record as of the close of business on August 19, 2024:

Preferred Stock Series	Dividend Per Share		Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: June 1, 2024-August 31, 2024	$14.88		$0.372000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: June 1, 2024-August 31, 2024	$1,343.75		$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: June 1, 2024-August 31, 2024	$1,000.00		$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: June 1, 2024-August 31, 2024	$1,000.00		$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: June 1, 2024-August 31, 2024	$11.13		$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: June 1, 2024-August 31, 2024	$1,250.00		$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 35.6 million active brokerage accounts, 5.4 million workplace plan participant accounts, 1.9 million banking accounts, and $9.41 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/20240724213227/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 amount of Charles Schwab's (SCHW) quarterly dividend for common stock in 2024?

Charles Schwab (SCHW) has declared a regular quarterly cash dividend of $0.25 per common share for 2024.

When will Schwab (SCHW) pay its common stock dividend for Q3 2024?

Schwab (SCHW) will pay its common stock dividend for Q3 2024 on August 23, 2024, to stockholders of record as of August 9, 2024.

What is the dividend amount for Schwab's (SCHW) Series G preferred stock in Q3 2024?

The dividend for Schwab's (SCHW) Series G preferred stock is $1,343.75 per share or $13.437500 per depositary share for Q3 2024.

How many series of preferred stock dividends did Schwab (SCHW) declare for Q3 2024?

Schwab (SCHW) declared dividends on six series of outstanding preferred stock (Series D, G, H, I, J, and K) for Q3 2024.