Charles Schwab (SCHW) Raises Quarterly Dividend 30% to $0.13; 1% Yield

Charles Schwab (NYSE: SCHW) declared a quarterly dividend of $0.13 per share, or $0.52 annualized. This is a 30% increase from the prior dividend of $0.10.

The dividend will be payable on August 24, 2018, to stockholders of record on August 10, 2018, with an ex-dividend date of August 9, 2018.

The annual yield on the dividend is 1 percent.

Chairman Charles Schwab commented, “This dividend increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and cash flow as we pursue our ‘Through Clients’ Eyes’ strategy.”

For a dividend history and other dividend-related data on Charles Schwab (SCHW) click here.

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