Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

The Charles Schwab has declared a regular quarterly cash dividend of $0.25 per common share, payable on May 24, 2024. Additionally, dividends were announced for various series of preferred stock, payable on June 3, 2024.

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 May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 3, 2024 to stockholders of record as of the close of business on May 17, 2024:

Preferred Stock Series	Dividend Per Share		Dividend Per Depositary Share
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2024-May 31, 2024	$14.88		$0.372000
5.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F Dividend Period: December 1, 2023-May 31, 2024	$2,500.00		$25.000000
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: March 1, 2024-May 31, 2024	$1,343.75		$13.437500
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: March 1, 2024-May 31, 2024	$1,000.00		$10.000000
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: March 1, 2024-May 31, 2024	$1,000.00		$10.000000
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: March 1, 2024-May 31, 2024	$11.13		$0.278250
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: March 1, 2024-May 31, 2024	$1,250.00		$12.500000

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 35.3 million active brokerage accounts, 5.3 million workplace plan participant accounts, 1.9 million banking accounts, and $9.12 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, https://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 https://www.aboutschwab.com. TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of Ameritrade Holding LLC. Ameritrade Holding LLC is a wholly owned subsidiary of The Charles Schwab Corporation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240424138718/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

When is the regular quarterly cash dividend for Charles Schwab payable?

The regular quarterly cash dividend of $0.25 per common share is payable on May 24, 2024.

What series of outstanding preferred stock had dividends declared by Charles Schwab ?

The following series of outstanding preferred stock had dividends declared: Series D, Series F, Series G, Series H, Series I, Series J, and Series K.

When are the dividends on the preferred stock payable?

The dividends on the preferred stock are payable on June 3, 2024.

What is the dividend per share for the 5.95% Non-Cumulative Perpetual Preferred Stock, Series D?

The dividend per share for the 5.95% Non-Cumulative Perpetual Preferred Stock, Series D is $14.88.

What is the dividend per depositary share for the 5.95% Non-Cumulative Perpetual Preferred Stock, Series D?

The dividend per depositary share for the 5.95% Non-Cumulative Perpetual Preferred Stock, Series D is $0.372000.