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The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D About To Put More Money In Your Pocket


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On 2/13/18, 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 3/1/18. As a percentage of SCHW.PRD's recent share price of $25.71, this dividend works out to approximately 1.45%, so look for shares of SCHW.PRD to trade 1.45% lower - all else being equal - when SCHW.PRD shares open for trading on 2/13/18. On an annualized basis, the current yield is approximately 5.74%, which compares to an average yield of 5.66% 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

According to the ETF Finder at ETF Channel, The Charles Schwab Corporation (Symbol: SCHW) makes up 7.84% of the iShares U.S. Broker-Dealers & Securities Exchanges ETF ( IAI ) which is trading lower by about 1.2% on the day Friday.

In Friday trading, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) is currently down about 0.1% on the day, while the common shares (Symbol: SCHW) are down about 0.6%.

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
Referenced Symbols: IAI , SCHW.PRD , SCHW




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