WESTLAKE, Texas–(BUSINESS WIRE)–The Board of Directors of The Charles Schwab Corporation, at its meeting today, declared an increase of 3 cents, or 14%, in the regular quarterly cash dividend to $0.25 per common share . The dividend is payable on February 24, 2023 to shareholders of record at the close of business on February 10, 2023.
Co-Chairman Charles Schwab commented, “This dividend increase reflects the Board’s confidence in our ability to continue to grow earnings and cash flow as we pursue our ‘Through Customer Eyes’ strategy. “.
In addition, the Board of Directors also declared dividends on the following series of outstanding preferred shares, payable March 1, 2023 to shareholders of record at the close of business February 14, 2023:
|
Preferred Share Series |
Divide by share |
Dividend per depositary share |
|
5.95% Non-Cumulative Perpetual Preferred Shares, Series D Dividend period: December 1, 2022-February 28, 2023 |
$14.88 |
$0.372,000 |
|
5.375% Perpetual Non-Cumulative Fixed Rate Reset Preferred Shares, Series G Dividend period: December 1, 2022-February 28, 2023 |
$1,343.75 |
$13.437500 |
|
4.000% Reset Fixed Rate Non-Cumulative Perpetual Preferred Shares, Series H Dividend period: December 1, 2022-February 28, 2023 |
$1,000.00 |
$10,000,000 |
|
4.000% Fixed Rate Reset Non-Cumulative Perpetual Preferred Shares, Series I Dividend period: December 1, 2022-February 28, 2023 |
$1,000.00 |
$10,000,000 |
|
4.450% Non-Cumulative Perpetual Preferred Shares, Series J Dividend period: December 1, 2022-February 28, 2023 |
$11.13 |
$0.278250 |
|
5.000% Non-Cumulative Fixed Rate Reset Perpetual Preferred Shares, Series K Dividend period: December 1, 2022-February 28, 2023 |
$1,250.00 |
$12.500000 |
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.8 million active brokerage accounts, 2.4 million corporate pension plan participants, 1.7 million bank accounts and $7.05 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custodial and financial advisory services to individual investors and investment advisors. independent placement. Its brokerage subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. (members SIPC, https://www.sipc.org) and their affiliates offer a full range of investment services and products, including a wide selection of mutual funds; financial planning and investment advice; pension plan and equity compensation plan services; referrals to paid independent investment advisers; and custody, operations and trading support for fee-based independent investment advisors through Schwab Advisor Services. Its main banking subsidiary, Charles Schwab Bank, SSB (Member FDIC and 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.