Schwab Declares Preferred Stock Dividend

Rhea-AI Summary

The Charles Schwab Corporation has declared a semi-annual dividend of $35 per share on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on August 2, 2021 to stockholders of record by the close of business on July 16, 2021. With 31.9 million active brokerage accounts and approximately $7.07 trillion in client assets, Schwab is a leading financial services provider offering a wide range of investment and banking solutions.

Positive

• Declared a semi-annual dividend of $35 per share, indicating strong financial health.
• Company manages approximately $7.07 trillion in client assets, showcasing significant market presence.

Negative

• None.

The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable August 2, 2021 to stockholders of record at the close of business on July 16, 2021.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 31.9 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.07 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513006049/en/

FAQ

What is the dividend amount declared by SCHW?

The dividend amount declared by SCHW is $35 per share.

When is the SCHW dividend payment date?

The SCHW dividend payment date is August 2, 2021.

Who are the stockholders of record for SCHW?

The stockholders of record for SCHW are those who hold shares as of the close of business on July 16, 2021.

What kind of financial services does Charles Schwab offer?

Charles Schwab offers wealth management, brokerage, banking, asset management, and financial advisory services.