Press release from Business Wire
Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend
Wednesday, April 24, 2013
Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend15:48 EDT Wednesday, April 24, 2013
SAN FRANCISCO (Business Wire) -- The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable May 24, 2013 to stockholders of record May 10, 2013.
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 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, 2013, to stockholders of record at the close of business on May 17, 2013.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.9 million active brokerage accounts, 1.6 million corporate retirement plan participants, 888,000 banking accounts, and $2.08 trillion in client assets as of March 31, 2013. 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, 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; compliance and trade monitoring solutions; 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.
Greg Gable, 415-667-0473
Rich Fowler, 415-667-1841