The Charles Schwab Corporation (NYSE:SCHW) Announces Quarterly Dividend of $0.32

Key Points

• Charles Schwab declared a quarterly dividend of $0.32 per share (annualized $1.28), with an ex-dividend and record date of May 8 and payable May 22, implying a yield of about 1.4%; the payout ratio is roughly 25.1% and is expected to fall to ~18.4% based on analysts' EPS estimates, indicating the dividend is well covered.
• Schwab beat Q1 estimates with EPS of $1.43 (vs. $1.39) and revenue of $6.48B (up 15.8% YoY), issued FY2026 EPS guidance of $5.70–$5.80, and holds a consensus analyst price target of $114 with the majority of analysts rating the stock Buy/Moderate Buy.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be given a dividend of 0.32 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th.

Charles Schwab has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Charles Schwab has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Charles Schwab to earn $6.94 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 18.4%.

Charles Schwab Stock Up 0.5%

Shares of NYSE:SCHW traded up $0.46 during midday trading on Friday, reaching $89.38. The company's stock had a trading volume of 3,835,443 shares, compared to its average volume of 10,928,444. The firm has a 50 day moving average of $94.20 and a 200-day moving average of $96.30. The firm has a market capitalization of $155.36 billion, a P/E ratio of 17.73, a PEG ratio of 0.72 and a beta of 0.90. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. Charles Schwab has a 12-month low of $79.30 and a 12-month high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the firm posted $1.04 EPS. Charles Schwab's revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, research analysts anticipate that Charles Schwab will post 5.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Citizens Jmp increased their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the company a "market outperform" rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $127.00 price objective on shares of Charles Schwab in a research report on Friday, April 17th. TD Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Thursday, April 9th. Finally, Weiss Ratings raised shares of Charles Schwab from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.00.

Charles Schwab Company Profile

Charles Schwab Corporation NYSE: SCHW is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.