Schwab Declares Preferred Stock Dividend

Rhea-AI Summary

The Charles Schwab Corporation's Board of Directors has declared a dividend of $35.00 per share on its 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on February 1, 2022 to stockholders of record as of the close of business on January 14, 2022. The company maintains substantial financial health, boasting approximately $7.98 trillion in client assets and managing over 32.8 million active brokerage accounts.

Positive

• Declared a substantial dividend of $35.00 per share, indicating strong financial performance.
• Robust client assets totaling $7.98 trillion reflecting investor confidence.
• Large active brokerage accounts, with 32.8 million active accounts providing a solid customer base.

Negative

• None.

WESTLAKE, Texas--(BUSINESS WIRE)-- The Board of Directors of The Charles Schwab Corporation at its meeting today declared a dividend on the following series of outstanding preferred stock, payable February 1, 2022 to stockholders of record as of the close of business on January 14, 2022:

Preferred Stock Series	Dividend Per Share
7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A Dividend Period: August 1, 2021-January 31, 2022	$35.00

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 32.8 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and $7.98 trillion in client assets as of October 31, 2021. 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/20211209006064/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 Charles Schwab for January 2022?

The dividend amount declared is $35.00 per share.

When is the dividend payable for SCHW's preferred stock?

The dividend is payable on February 1, 2022.

What is the record date for Charles Schwab's dividend payment?

The record date is January 14, 2022.

What type of preferred stock does Charles Schwab have?

Charles Schwab has 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A.