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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

July 21, 2021 GMT

WESTLAKE, Texas--(BUSINESS WIRE)--Jul 21, 2021--

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.18 per common share. The dividend is payable August 27, 2021 to stockholders of record as of the close of business on August 13, 2021.

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 1, 2021 to stockholders of record as of the close of business on August 17, 2021:

Preferred Stock Series

Dividend Per
Share

Dividend Per
Depositary Share

5.95% Non-Cumulative Perpetual Preferred Stock, Series D

$14.88

$0.372000

Dividend Period: June 1-August 31

 

 

4.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E

$2,312.50

$23.125000

Dividend Period: March 1-August 31

 

 

5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G

$1,343.75

$13.437500

Dividend Period: June 1-August 31

 

 

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H

$1,000.00

$10.000000

Dividend Period: June 1-August 31

 

 

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I

$1,000.00

$10.000000

Dividend Period: June 1-August 31

 

 

4.450% Non-Cumulative Perpetual Preferred Stock, Series J

$11.13

$0.278250

Dividend Period: June 1-August 31

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About Charles Schwab

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The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 32.3 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.57 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 subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, www.sipc.org ), and their 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 www.aboutschwab.com.

TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210721005940/en/

CONTACT: MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 415-667-1524

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: The Charles Schwab Corporation

Copyright Business Wire 2021.

PUB: 07/21/2021 04:55 PM/DISC: 07/21/2021 04:56 PM

http://www.businesswire.com/news/home/20210721005940/en