The Charles Schwab Family of Funds - Schwab Municipal Money Fund - SWTXX STOCK NEWS

Charles Schwab has unveiled the 1973 Schwab Bronco as this year's champion's prize for the 2023 Charles Schwab Challenge golf tournament. The Bronco symbolizes Schwab's 50-year legacy of challenging the status quo and making investing more accessible. The fully restored and modernized vehicle features cutting-edge technology and a Ford 2023 Gen 3 Coyote 5.0L engine with 465 horsepower. Schwab also announced new programming elements for the PGA TOUR event, including a work experience event with The Simpson Cup and the return of the digital content series 'The Challengers.'

The Charles Schwab Corporation announced a quarterly cash dividend of $0.25 per common share, payable on May 26, 2023, to shareholders of record as of May 12, 2023. Additionally, the Board declared dividends on various series of preferred stock, payable on June 1, 2023, to stockholders of record as of May 17, 2023. Key dividends include:

• 5.95% Series D: $14.88
• 5.00% Series F: $2,500.00
• 5.375% Series G: $1,343.75
• 4.00% Series H: $1,000.00

Schwab serves over 34.1 million active brokerage accounts and manages $7.58 trillion in client assets, providing a broad range of financial services.

The Charles Schwab Corporation reported a strong performance for Q1 2023, with net income increasing 14% year-over-year to $1.6 billion and net revenues rising 10% to $5.1 billion. The GAAP pre-tax profit margin stood at 41.2%, while the adjusted profit margin was 45.8%. The company opened over 1 million new brokerage accounts and attracted $132 billion in net new assets, resulting in an annualized organic growth rate exceeding 7%. Despite a mixed macroeconomic backdrop, Schwab’s asset management segment displayed resilience with Managed Investing solutions net flows up 26% to $8.9 billion. Additionally, the quarterly dividend was raised by 14% to $0.25 per share. However, the company paused its buyback program amidst regulatory uncertainty following recent banking sector turmoil.

The Charles Schwab Corporation (NYSE: SCHW) has announced a Spring Business Update for institutional investors on April 17, from 6:00 a.m. to 7:00 a.m. PT. This live public webcast aims to provide insights into the company's recent developments and strategic focus. Key participants will include Co-Chairman and CEO Walt Bettinger, President Rick Wurster, and CFO Peter Crawford. As of February 28, 2023, Schwab reported $7.38 trillion in client assets, with 34 million active brokerage accounts. Investors can access the webcast at schwabevents.com/corporation.