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Ex-Div Reminder for The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D


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On 8/17/18, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) will trade ex-dividend, for its quarterly dividend of $0.372, payable on 9/4/18. As a percentage of SCHW.PRD's recent share price of $26.12, this dividend works out to approximately 1.42%, so look for shares of SCHW.PRD to trade 1.42% lower - all else being equal - when SCHW.PRD shares open for trading on 8/17/18. On an annualized basis, the current yield is approximately 5.69%, which compares to an average yield of 5.37% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SCHW.PRD shares, versus SCHW:

Performance Comparison Chart

Below is a dividend history chart for SCHW.PRD, showing historical dividends prior to the most recent $0.372 on The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D:

SCHW.PRD+Dividend+History+Chart

In Wednesday trading, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) is currently trading flat on the day, while the common shares (Symbol: SCHW) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Investing Ideas
Referenced Symbols: SCHW.PRD , SCHW




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