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

The Charles Schwab Corporation (NYSE:SCHW) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.32 per share by the financial services provider on Friday, November 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th.

Charles Schwab has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Charles Schwab has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $7.79 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 16.4%.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $91.46 on Friday. Charles Schwab has a 12 month low of $83.96 and a 12 month high of $114.53. The stock has a market cap of $158.17 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $103.07 and its 200-day moving average price is $98.11.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same quarter in the prior year, the business posted $1.31 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities analysts expect that Charles Schwab will post 6.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on SCHW. Wells Fargo & Company reduced their price target on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of Charles Schwab from $150.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Barclays decreased their target price on shares of Charles Schwab from $118.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Bank of America increased their price target on Charles Schwab from $91.00 to $95.00 and gave the company an “underperform” rating in a report on Monday, October 5th. Finally, UBS Group dropped their price target on Charles Schwab from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.18.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.