Charles Schwab (SCHW) Raises Quarterly Dividend 16.7% to $0.07; 1% Yield

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Go back to Charles Schwab (SCHW) Raises Quarterly Dividend 16.7% to $0.07; 1% Yield

Schwab Declares 17% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividend

April 21, 2016 6:12 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- The Board of Directors of The Charles Schwab Corporation at its meeting today declared a one cent, or 17%, increase in the quarterly cash dividend to $0.07 per common share. The dividend is payable May 27, 2016 to stockholders of record as of the close of business on May 13, 2016.

Chairman Charles Schwab commented, "This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients."

In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding... More