Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
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4:13 PM on Wednesday, October 23, 2024
The Associated Press
WESTLAKE, Texas--(BUSINESS WIRE)--Oct 23, 2024--
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024.
In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 2, 2024 to stockholders of record as of the close of business on November 15, 2024:
Preferred Stock Series | Dividend Per Share | Dividend Per Depositary Share |
5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2024-November 30, 2024 | $14.88 | $0.372000 |
5.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F Dividend Period: June 1, 2024-November 30, 2024 | $2,500.00 | $25.000000 |
5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G Dividend Period: September 1, 2024-November 30, 2024 | $1,343.75 | $13.437500 |
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: September 1, 2024-November 30, 2024 | $1,000.00 | $10.000000 |
4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: September 1, 2024-November 30, 2024 | $1,000.00 | $10.000000 |
4.450% Non-Cumulative Perpetual Preferred Stock, Series J Dividend Period: September 1, 2024-November 30, 2024 | $11.13 | $0.278250 |
5.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K Dividend Period: September 1, 2024-November 30, 2024 | $1,250.00 | $12.500000 |
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.0 million active brokerage accounts, 5.4 million workplace plan participant accounts, 2.0 million banking accounts, and $9.92 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org ), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241022145924/en/
CONTACT: MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: The Charles Schwab Corporation
Copyright Business Wire 2024.
PUB: 10/23/2024 04:13 PM/DISC: 10/23/2024 04:13 PM
http://www.businesswire.com/news/home/20241022145924/en
