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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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.

More from Stocks

General Electric Slips as Cowen Suggests Culp Needs to Take Action

General Electric Slips as Cowen Suggests Culp Needs to Take Action

Investors Face Growing Opportunities and Challenges in Cannabis

Investors Face Growing Opportunities and Challenges in Cannabis

J.C. Penney Shares Have Plunged 64% Since Quant Ratings Downgrade

J.C. Penney Shares Have Plunged 64% Since Quant Ratings Downgrade

The 'Fear of Missing Out' Is Missing

The 'Fear of Missing Out' Is Missing

Bye, Bye, Bye Sears: The Week Ahead

Bye, Bye, Bye Sears: The Week Ahead