Schwab Charles's latest quarterly dividend was on Aug 10, 2023 (ex-date) with a payout of $0.25 per share. On an annualized basis, the company has a current payout of $0.97 per share. This brings the dividend yield to 1.77% based on its recent close price.
Schwab Charles's dividend yield of 1.77% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.73%, Schwab Charles's dividend yield is 53% lower. The current dividend yield is above the historical average of 1.3% of the last 5 years.
Schwab Charles has been paying dividends since 1994. SCHW has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 21% since twelve months ago. And with the price of the stock down by 24% from a year ago, the dividend yield has an increase of 59%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 10, 2023 | Aug 25, 2023 | Jul 27, 2023 | $0.25 | normal |
| May 11, 2023 | May 26, 2023 | Apr 26, 2023 | $0.25 | normal |
| Feb 9, 2023 | Feb 24, 2023 | Jan 26, 2023 | $0.25 | normal |
| Nov 9, 2022 | Nov 25, 2022 | Oct 26, 2022 | $0.22 | normal |
| Aug 11, 2022 | Aug 26, 2022 | Jul 27, 2022 | $0.22 | normal |
| May 12, 2022 | May 27, 2022 | Apr 27, 2022 | $0.2 | normal |
| Feb 10, 2022 | Feb 25, 2022 | Jan 26, 2022 | $0.2 | normal |
| Nov 10, 2021 | Nov 26, 2021 | Oct 26, 2021 | $0.18 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 21, 2021 | $0.18 | normal |
| May 13, 2021 | May 28, 2021 | Apr 27, 2021 | $0.18 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Jan 27, 2021 | $0.18 | normal |
| Nov 12, 2020 | Nov 27, 2020 | Oct 22, 2020 | $0.18 | normal |
| Aug 6, 2020 | Aug 28, 2020 | Jul 23, 2020 | $0.18 | normal |
| May 7, 2020 | May 22, 2020 | Apr 22, 2020 | $0.18 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Jan 29, 2020 | $0.18 | normal |
| Nov 7, 2019 | Nov 22, 2019 | Oct 23, 2019 | $0.17 | normal |
| Aug 8, 2019 | Aug 23, 2019 | Jul 24, 2019 | $0.17 | normal |
| May 14, 2019 | May 29, 2019 | Apr 30, 2019 | $0.17 | normal |
| Feb 13, 2019 | Feb 28, 2019 | Jan 30, 2019 | $0.17 | normal |
| Nov 8, 2018 | Nov 23, 2018 | Oct 25, 2018 | $0.13 | normal |
| Aug 9, 2018 | Aug 24, 2018 | Jul 25, 2018 | $0.13 | normal |
| May 10, 2018 | May 25, 2018 | Apr 19, 2018 | $0.1 | normal |
| Feb 8, 2018 | Feb 23, 2018 | Jan 25, 2018 | $0.1 | normal |
| Nov 9, 2017 | Nov 24, 2017 | Oct 19, 2017 | $0.08 | normal |
| Aug 9, 2017 | Aug 25, 2017 | Jul 20, 2017 | $0.08 | normal |
| May 10, 2017 | May 26, 2017 | Apr 20, 2017 | $0.08 | normal |
| Feb 8, 2017 | Feb 24, 2017 | Jan 26, 2017 | $0.08 | normal |
| Nov 9, 2016 | Nov 28, 2016 | Oct 20, 2016 | $0.07 | normal |
| Aug 10, 2016 | Aug 26, 2016 | Jul 21, 2016 | $0.07 | normal |
| May 11, 2016 | May 27, 2016 | Apr 21, 2016 | $0.07 | normal |
| Feb 10, 2016 | Feb 26, 2016 | Jan 28, 2016 | $0.06 | normal |
| Nov 4, 2015 | Nov 20, 2015 | Oct 22, 2015 | $0.06 | normal |
| Aug 5, 2015 | Aug 21, 2015 | Jul 23, 2015 | $0.06 | normal |
Schwab Charles's payout ratio of 28% is above its peers average but below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 33.5%, Schwab Charles's payout ratio is 16% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MS Morgan Stanley | 3.95% | $3.18 | 55.3% |
| BAC Bank Of America Corp | 3.36% | $0.9 | 25.7% |
| SF Stifel Financial Corp | 2.28% | $1.38 | 25.7% |
| SCHW Schwab Charles Corp | 1.8% | $0.97 | 28% |
| RJF Raymond James Financial Inc | 1.71% | $1.68 | 20.7% |
Yes, Schwab Charles has been paying dividends for the last 29 years.
At this point we don't have a record of SCHW's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2023.
Schwab Charles's last dividend ex-date was on Aug 10, 2023. The dividend amount was $0.25 per share.
On an annual basis SCHW pays $0.97 per share.
Schwab Charles's current dividend yield is 1.77%.
Schwab Charles pays four dividends per year.
Schwab Charles's dividend payout ratio is 28%.
Schwab Charles's dividend yield is below the Financial Services sector average.