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

The Charles Schwab Co. (NYSE:SCHW) declared a quarterly dividend on Wednesday, April 24th, RTT News reports. Investors of record on Friday, May 10th will be paid 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 dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th.

Charles Schwab has increased its dividend by an average of 11.6% annually over the last three years and has increased its dividend every year for the last 2 years. Charles Schwab has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of SCHW opened at $75.54 on Wednesday. Charles Schwab has a fifty-two week low of $46.55 and a fifty-two week high of $77.05. The firm’s 50-day simple moving average is $71.20 and its two-hundred day simple moving average is $65.15. The stock has a market cap of $134.16 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Analysts anticipate that Charles Schwab will post 3.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Barclays increased their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.47.

Insider Activity

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 transaction, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 514,459 shares of company stock worth $36,371,155. Company insiders own 6.60% of the company’s stock.

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.