The Charles Schwab Corporation (NYSE:SCHW) Plans Quarterly Dividend of $0.32

The Charles Schwab Corporation (NYSE:SCHW) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.32 per share by the financial services provider on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Charles Schwab has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Charles Schwab has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $7.58 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 16.9%.

Charles Schwab Stock Up 0.8%

SCHW opened at $101.62 on Friday. The firm has a market capitalization of $176.73 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. Charles Schwab has a one year low of $83.96 and a one year high of $107.50. The company has a fifty day moving average price of $93.71 and a 200-day moving average price of $95.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The firm’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts expect that Charles Schwab will post 6.34 earnings per share for the current fiscal year.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.