The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C Ex-Dividend Reminder - 2/13/18

On 2/13/18, The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C (SCHW.PRC) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/1/18. As a percentage of SCHW.PRC's recent share price of $25.74, this dividend works out to approximately 1.46%, so look for shares of SCHW.PRC to trade 1.46% lower — all else being equal — when SCHW.PRC shares open for trading on 2/13/18. On an annualized basis, the current yield is approximately 5.83%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, SCHW.PRC was trading at a 3.00% premium to its liquidation preference amount, versus the average premium of 3.13% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of SCHW.PRC shares, versus SCHW:

Performance Comparison Chart

Below is a dividend history chart for SCHW.PRC, showing historical dividends prior to the most recent $0.375 on The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C :

SCHW.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, The Charles Schwab Corporation ( SCHW) makes up 7.84% of the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) which is trading relatively unchanged on the day Friday.

In Friday trading, The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C ( SCHW.PRC) is currently trading flat on the day, while the common shares ( SCHW) are trading flat.

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