Schwab Declares Preferred Stock Dividend

Rhea-AI Summary

The Charles Schwab Corporation (NYSE: SCHW) announced a dividend of $12.70 per share on its 7.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend will be payable on May 2, 2022, to stockholders of record by April 15, 2022. The dividend period covers February 1, 2022 to April 30, 2022. As of February 28, 2022, the company holds $7.69 trillion in client assets and serves over 33.4 million active brokerage accounts.

Positive

• Declared a dividend of $12.70 per share, enhancing returns for investors.
• Impressive client asset base of $7.69 trillion, indicating strong market position.
• Serves 33.4 million active brokerage accounts, reflecting robust customer engagement.

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 May 2, 2022, to stockholders of record as of the close of business on April 15, 2022:

Preferred Stock Series	Dividend Per Share
7.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (in floating rate period)	$12.70
Dividend Period: February 1, 2022 - April 30, 2022

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.4 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and $7.69 trillion in client assets as of February 28, 2022. 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 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/20220329006020/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 2022?

Charles Schwab declared a dividend of $12.70 per share.

When is the payment date for the declared dividend?

The payment date for the declared dividend is May 2, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is April 15, 2022.

What is the dividend period for the recently declared dividend?

The dividend period is from February 1, 2022 to April 30, 2022.

How many active brokerage accounts does Charles Schwab have?

Charles Schwab has over 33.4 million active brokerage accounts.

What is the total client asset value at Charles Schwab?

The total client asset value at Charles Schwab is $7.69 trillion.