Charles Schwab (SCHW) Raises Quarterly Dividend 30.8% to $0.17; New $4B Share Repurchase Plan

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Schwab Authorizes $4 Billion Stock Repurchase, Declares 31% Increase in Quarterly Common Stock Dividend, and Declares Preferred Stock Dividends

January 30, 2019 5:34 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- The Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the companys common stock and declared a 4 cent, or 31% increase in the quarterly cash dividend to $0.17 per common share. The dividend is payable February 28, 2019 to stockholders of record as of the close of business on February 14, 2019.

The Share Repurchase Program previously had $1 billion of repurchases authorized in October 2018. That authorization was completed by year-end 2018, with a total of 22.3 million shares acquired. Under the new $4 billion authorization, shares may be repurchased through open market or privately negotiated... More