Markets

The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C About To Put More Money In Your Pocket

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 8/15/17, The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: SCHW.PRC) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 9/1/17. As a percentage of SCHW.PRC's recent share price of $27.65, this dividend works out to approximately 1.36%, so look for shares of SCHW.PRC to trade 1.36% lower - all else being equal - when SCHW.PRC shares open for trading on 8/15/17. On an annualized basis, the current yield is approximately 5.43%, which compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SCHW.PRC shares, versus SCHW:

Performance Comparison Chart

Below is a dividend history chart for SCHW.PRC, showing historical dividends prior to the most recent $0.375 on The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C :

SCHW.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, The Charles Schwab Corporation (Symbol: SCHW) makes up 8.58% of the iShares U.S. Broker-Dealers & Securities Exchanges ETF ( IAI ) which is trading relatively unchanged on the day Friday.

In Friday trading, The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: SCHW.PRC) 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.


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

In This Story

SCHW.PRC SCHW IAI