Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
October 23 2019 - 04:55PM
Business Wire
The Board of Directors of The Charles Schwab Corporation at its
meeting today declared a regular quarterly cash dividend of $0.17
per common share. The dividend is payable November 22, 2019 to
stockholders of record as of the close of business on November 8,
2019.
In addition, the Board of Directors also declared a regular
quarterly dividend on the outstanding Fixed Rate Non-Cumulative
Perpetual Preferred Stock, Series C, in the amount of $15.00 per
share or $0.375 per depositary share, each representing 1/40th
interest in a share of Series C Preferred Stock. The dividend is
payable December 2, 2019 to stockholders of record at the close of
business on November 15, 2019.
The Board of Directors of The Charles Schwab Corporation has
also declared a regular quarterly dividend on the outstanding Fixed
Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the
amount of $14.88 per share or $0.372 per depositary share, each
representing 1/40th interest in a share of Series D Preferred
Stock. The dividend is payable December 2, 2019 to stockholders of
record at the close of business on November 15, 2019.
The Board of Directors of The Charles Schwab Corporation has
also declared a regular semi-annual dividend on the outstanding
Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, in
the amount of $2,500.00 per share or $25.00 per depositary share,
each representing 1/100th interest in a share of Series F Preferred
Stock. The dividend is payable December 2, 2019 to stockholders of
record at the close of business on November 5, 2019.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 365 offices and 12.1
million active brokerage accounts, 1.7 million corporate retirement
plan participants, 1.4 million banking accounts, and $3.77 trillion
in client assets as of September 30, 2019. 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, www.sipc.org ), and
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 banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
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MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525
INVESTORS/ANALYSTS: Rich Fowler Charles Schwab Phone:
415-667-1841
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