The Charles Schwab Corporation (NYSE:SCHW) Shareholders Set to Receive $0.32 Quarterly Dividend

Key Points

• Charles Schwab declared a quarterly dividend of $0.32 per share, payable November 27 to shareholders of record on November 13. The dividend implies an annualized payout of $1.28 and a 1.4% yield.
• The dividend appears well covered, with a current payout ratio of 25.1%; analysts expect next year’s earnings to support an estimated payout ratio of 16.4%.
• Schwab reported quarterly EPS of $1.69, beating estimates by $0.03, while revenue reached $7.17 billion and increased 16.9% year over year.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.32 per share by the financial services provider on Friday, November 27th. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th.

Charles Schwab has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 1 years. Charles Schwab has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Charles Schwab to earn $7.79 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 16.4%.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $91.46 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company has a market cap of $158.17 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company has a 50 day moving average of $103.07 and a 200-day moving average of $98.11. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The business's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. As a group, equities research analysts forecast that Charles Schwab will post 6.42 earnings per share for the current fiscal year.

Charles Schwab Company Profile

The Charles Schwab Corporation NYSE: SCHW is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.

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