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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Charles Schwab (NYSE: SCHW) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $17.68 as of 9:31 a.m. ET, the dividend yield is 1.4%.

The average volume for Charles Schwab has been 9.7 million shares per day over the past 30 days. Charles Schwab has a market cap of $22.36 billion and is part of the financial sector and financial services industry. Shares are up 22.2% year to date as of the close of trading on Monday.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Charles Schwab Ratings Report.

See our dividend calendar or top-yielding stocks list.

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