SCHW.PRD

The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Goes Ex-Dividend Soon

On 5/16/24, 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 6/3/24. As a percentage of SCHW.PRD's recent share price of $25.21, this dividend works out to approximately 1.48%, so look for shares of SCHW.PRD to trade 1.48% lower — all else being equal — when SCHW.PRD shares open for trading on 5/16/24. On an annualized basis, the current yield is approximately 5.93%, which compares to an average yield of 6.71% 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


Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) is currently up about 0.5% on the day, while the common shares (Symbol: SCHW) are up about 2.4%.

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

Also see:
• Alphabetical List of All Hedge Funds
• Funds Holding EMDM
• Funds Holding TRTL

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

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