Charles Schwab Stock To Go Ex-dividend Tomorrow (SCHW)

NEW YORK ( TheStreet) -- The ex-dividend date for Charles Schwab (NYSE: SCHW) is tomorrow, May 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $13.39 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Charles Schwab has been 14.6 million shares per day over the past 30 days. Charles Schwab has a market cap of $17.22 billion and is part of the financial sector and financial services industry. Shares are up 20.1% year to date as of the close of trading on Monday.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, and related financial services to individuals and institutional clients. The company has a P/E ratio of 20.8, above the average financial services industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Charles Schwab as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Charles Schwab Ratings Report.

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