Schwab Declares 20% Increase in Quarterly Dividend

Tuesday, July 22, 2008 1:36 pm PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW
"This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients."

SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation (Nasdaq:SCHW) at its meeting today declared a 20% increase in the quarterly cash dividend to $0.06 per common share. The dividend is payable Aug. 22, 2008 to stockholders of record Aug. 8, 2008.

Chairman and CEO Charles Schwab commented, "This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients."

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.3 million client brokerage accounts, 1.3 million corporate retirement plan participants, 355,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://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 its Schwab Institutional division. The Charles Schwab Bank, (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.

Contact:

Charles Schwab
Greg Gable, 415-636-5847 (Media)
Rich Fowler, 415-636-9869 (Investors/Analysts)

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