Credit: Shutterstock photoOn 2/13/19, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) will trade ex-dividend, for its quarterly dividend of $0.372, payable on 3/1/19. As a percentage of SCHW.PRD's recent share price of $25.98, this dividend works out to approximately 1.43%, so look for shares of SCHW.PRD to trade 1.43% lower - all else being equal - when SCHW.PRD shares open for trading on 2/13/19. On an annualized basis, the current yield is approximately 5.74%, which compares to an average yield of 5.40% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SCHW.PRD shares, versus SCHW:
Below is a dividend history chart for SCHW.PRD, showing historical dividends prior to the most recent $0.372 on The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D:
In Monday trading, The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: SCHW.PRD) is currently trading flat on the day, while the common shares (Symbol: SCHW) are off about 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
