The Charles Schwab Corporation (SCHW) to Distribute Quarterly Dividend of $0.32 on November 27th

The Charles Schwab Corporation (NYSE:SCHW) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.32 per share by the financial services provider on Friday, November 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th.

Charles Schwab has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. Charles Schwab has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Charles Schwab to earn $7.79 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 16.4%.

Charles Schwab Stock Performance

Shares of SCHW opened at $90.56 on Friday. The company has a market cap of $156.61 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The firm has a 50-day moving average of $102.66 and a 200-day moving average of $98.06. Charles Schwab has a one year low of $83.96 and a one year high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.18 billion. During the same period in the prior year, the firm earned $1.31 EPS. Charles Schwab’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts forecast that Charles Schwab will post 6.41 earnings per share for the current year.

More Charles Schwab News

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Schwab may benefit if short-term interest rates remain elevated. Higher yields can increase the income the cash-rich brokerage earns on client balances, potentially supporting net interest revenue and profitability. Why Charles Schwab Stock Could Benefit If Short Term Rates Stay Higher
• Positive Sentiment: The board declared a regular quarterly common-stock dividend of $0.32 per share, equivalent to $1.28 annually and a stated yield of approximately 1.4%. The dividend is payable November 27 to shareholders of record November 13. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
• Positive Sentiment: Opening two Portland branches could expand Schwab’s local presence and support client acquisition, although the financial impact is likely modest initially. Schwab opens two new Portland branches to expand local access

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.