Charles Schwab Corp (SCHW) Plans Dividend Increase – $0.10 Per Share

Charles Schwab Corp (NYSE:SCHW) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Stockholders of record on Friday, February 9th will be given a dividend of 0.10 per share by the financial services provider on Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08.

Charles Schwab has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Charles Schwab has a payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.4%.

Charles Schwab (SCHW) traded down $1.57 on Friday, hitting $53.34. The stock had a trading volume of 9,056,596 shares, compared to its average volume of 6,380,000. Charles Schwab has a 1 year low of $37.16 and a 1 year high of $56.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The stock has a market cap of $71,510.00, a PE ratio of 33.13, a P/E/G ratio of 1.35 and a beta of 1.63.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. research analysts expect that Charles Schwab will post 2.4 EPS for the current fiscal year.

In other Charles Schwab news, Chairman Charles R. Schwab sold 240,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $54.03, for a total transaction of $12,967,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total value of $15,627,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,210,148 shares of company stock valued at $110,101,632. 12.00% of the stock is currently owned by corporate insiders.

SCHW has been the subject of a number of research reports. SunTrust Banks upped their price objective on Charles Schwab to $56.00 and gave the stock an “average” rating in a report on Friday, December 15th. They noted that the move was a valuation call. Argus boosted their target price on Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group reissued a “buy” rating and issued a $64.00 target price (up previously from $55.00) on shares of Charles Schwab in a research note on Friday, January 12th. Citigroup reissued a “buy” rating and issued a $60.00 target price (up previously from $52.00) on shares of Charles Schwab in a research note on Tuesday, January 9th. Finally, BidaskClub lowered Charles Schwab from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $54.63.

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About Charles Schwab

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Dividend History for Charles Schwab (NYSE:SCHW)

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