Charles Schwab (SCHW) Raises Quarterly Dividend 13.6% to $0.25; 1.3% Yield

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Go back to Charles Schwab (SCHW) Raises Quarterly Dividend 13.6% to $0.25; 1.3% Yield

Schwab Declares 14% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends

January 26, 2023 4:50 PM EST

WESTLAKE, Texas--(BUSINESS WIRE)-- The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 3 cent, or 14%, increase in the regular quarterly cash dividend to $0.25 per common share. The dividend is payable February 24, 2023 to stockholders of record as of the close of business on February 10, 2023.

Co-Chairman Charles Schwab commented, This dividend increase reflects the Boards confidence in our ability to continue to grow earnings and cash flow as we pursue our Through Clients Eyes strategy.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2023... More