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

The Charles Schwab Corporation (NYSE:SCHW) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 13th will be given 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 increased 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 dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Charles Schwab to earn $7.78 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 16.5%.

Charles Schwab Price Performance

NYSE:SCHW opened at $93.18 on Wednesday. Charles Schwab has a 52-week low of $83.96 and a 52-week high of $114.53. The company has a market cap of $161.14 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.64 and a current ratio of 0.66. The stock’s 50-day simple moving average is $97.82 and its 200 day simple moving average is $97.29.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.46% and a net margin of 39.33%. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Charles Schwab will post 6.41 EPS for the current fiscal year.

Charles Schwab Company Profile

The Charles Schwab Corporation is a financial services company that provides brokerage, banking, wealth management, and investment services. Its offerings include brokerage accounts, trading and research tools, retirement products, banking services, and investment advice for individuals, as well as services for independent financial advisors, employers, and institutions. Founded in 1971 by Charles R. Schwab, the company helped popularize discount brokerage services. It expanded its brokerage business with the 2020 acquisition of TD Ameritrade, whose trading platform and services became part of Schwab.