Charles Schwab authorizes $20 billion stock buyback, declares dividends
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The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. REUTERS/Brendan McDermid/File Photo
(Reuters) -Charles Schwab said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization.
The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)
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