The Charles Schwab Corporation Declares Quarterly Common Stock Dividend, Payable on February 24, 2017; Declares Regular Quarterly Dividends on Preferred Stocks, Payable on March 1, 2017
January 26, 2017 at 11:40 pm
Share
The Board of Directors of The Charles Schwab Corporation at its meeting on January 26, 2017, declared a one cent, or 14%, increase in the quarterly cash dividend to $0.08 per common share. The dividend is payable February 24, 2017 to stockholders of record as of the close of business on February 10, 2017.
In addition, the Board of Directors of the company 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 March 1, 2017 to stockholders of record at the close of business on February 14, 2017. The Board of Directors of the company 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 March 1, 2017 to stockholders of record at the close of business on February 14, 2017. The Board of Directors of the company 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 March 1, 2017 to stockholders of record at the close of business on February 14, 2017. The Board of Directors of the company has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series E, in the amount of $1,554.51 per share which covers the period running from October 31, 2016 through February 28, 2017. The dividend equals $15.545 per depositary share, each representing 1/100th interest in a share of Series E Preferred Stock. The dividend is payable March 1, 2017 to stockholders of record at the close of business on February 14, 2017.
The Charles Schwab Corporation specializes in brokerage and banking services. Net sales break down by activity as follows:
- brokerage and banking services to individual investors (73.6%);
- investment services to institutional investors (26.4%). Besides, the group proposes retirement plans services.
At the end of 2020, the products and services are ensured through a network of over 400 offices located in the United States. Moreover, The Charles Schwab Corporation is present in the United Kingdom, Porto Rico, Hong Kong and Singapor.
The Charles Schwab Corporation Declares Quarterly Common Stock Dividend, Payable on February 24, 2017; Declares Regular Quarterly Dividends on Preferred Stocks, Payable on March 1, 2017
CHARLES SCHWAB 
