Skip to main content
Publish date:

Schwab Hikes Dividend

Schwab raises dividend 67%.
Author:

Discount broker

Charles Schwab

(SCHW) - Get Charles Schwab Corporation Report

raised its dividend by 67% to 5 cents a share.

TheStreet Recommends

Earlier this week, the San Francisco-based broker announced that its third-quarter profit rose 29% from the year-ago period. Shares of Schwab closed Thursday down 13 cents to $16.66.