The Charles Schwab Co. Announces Quarterly Dividend of $0.25 (NYSE:SCHW)

The Charles Schwab Co. (NYSE:SCHW) announced a quarterly dividend on Wednesday, April 24th, RTT News reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, May 24th. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 9th.

Charles Schwab has raised its dividend by an average of 11.6% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Charles Schwab has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Charles Schwab to earn $4.50 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.2%.

Charles Schwab Stock Down 0.4 %

Charles Schwab stock opened at $74.86 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The business’s 50-day simple moving average is $69.47 and its two-hundred day simple moving average is $63.68. The company has a market cap of $132.96 billion, a PE ratio of 31.32, a PEG ratio of 1.10 and a beta of 1.01. Charles Schwab has a fifty-two week low of $45.65 and a fifty-two week high of $75.55.

Wall Street Analyst Weigh In

SCHW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. TD Cowen boosted their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Barclays boosted their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Piper Sandler upped their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold a total of 389,167 shares of company stock valued at $26,987,035 over the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.