Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
21 April 2017 - 8:25AM
Business Wire
The Board of Directors of The Charles Schwab Corporation at its
meeting today declared a regular quarterly cash dividend of $0.08
per common share. The dividend is payable May 26, 2017 to
stockholders of record as of the close of business on May 12,
2017.
In addition, the Board of Directors of The Charles Schwab
Corporation declared a regular quarterly dividend on the
outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock,
Series B, in the amount of $15.00 per share or $0.375 per
depositary share, each representing 1/40th interest in a share of
Series B Preferred Stock. The dividend is payable June 1, 2017 to
stockholders of record at the close of business on May 17,
2017.
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 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 June 1, 2017 to stockholders of
record at the close of business on May 17, 2017.
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 June 1, 2017 to stockholders of
record at the close of business on May 17, 2017.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider
of financial services, with more than 335 offices and 10.3 million
active brokerage accounts, 1.5 million corporate retirement plan
participants, 1.1 million banking accounts, and $2.92 trillion in
client assets as of March 31, 2017. Through its operating
subsidiaries, the company provides a full range of wealth
management, securities brokerage, banking, money 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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Charles SchwabMEDIA:Joe Carberry,
415-667-1677orINVESTORS/ANALYSTS:Rich Fowler,
415-667-1841
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