The Board of Directors of The Charles Schwab Corporation at its meeting
today 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.
Chairman 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."
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 March 1, 2017 to stockholders of record at the close of business
on February 14, 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 March 1, 2017 to stockholders of record at the close of business
on February 14, 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 March 1, 2017 to stockholders of record at the close of business
on February 14, 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 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.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 335 offices and 10.2 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
1.1 million banking accounts, and $2.78 trillion in client assets as of
December 31, 2016. 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.
